Of course he'll say that. It doesn't cost him a damn nickle. I'd say it too. We live in the age of Trillions. Covid has made ever increasing massive debt levels acceptable. And if anyone would exploit that........................
Agreed. I really don't think any big money traders are wasting a lot of time worrying about positioning based on the debates. Also, a lot of folks are going to get left behind if last week's lows were it. Just feels like the max pain may be still to the upside. That's my take for now but always maintain maximum flexibility and be ready to adjust.
Why? I thought you didn't predict...? Seems like we traded down to last Friday's Close overnight. I definitely think there's more downside in the weeks to come, but I'm thinking maybe some consolidation here...? But I know nothing. Medium/long-term predictions is just for fun on my end. End of month today + GDP. I believe the last end of month sessions have been bearish, but not at my trading computer right now to confirm. First day(s) of the month tend to be more bullish, I believe. That would be tomorrow, Thursday.
Correct, I don't predict, I gamble hard earned dollars by reacting. The first week in September was the beginning of selloff. Big problem for many is they forget what recently happened, they take their eye off the ball. Arember, I been doing this shit over 3 decades and work off algos, so got some sense.
In the end - your reaction is still a prediction that your entry will move in your favour. And you did say you were expecting weakness this week. Seems like prediction to me. Semantics, maybe.