Long 100 Sqqq in anticipation of the break of the huge flag we just traced out... Might regret it, but I've lost money all year fighting the down trend. I'm not insane!
Hello to all on this post. I like day option, but need very skillful and instant alpha then theta will not rot profit. Timing good. I hope all make money and good trading. Thank you all.
All I'm saying is that you need to be flexible in a bear market. In a bull market, you need only go long and you're set. The market tends to be linear. There's not much chop. In a bear market, it's all about chops. It will *eventually* go lower (which EVERYONE knows), but the market will make sure that you go broke before it does.
LOL. I can recognize that feeling. It certainly is harder to navigate a bear market due to the vicious pullbacks and bear market rallies.
Knowing Powell and his predecessors, that's not entirely impossible. However, I'll stick to 75 for now. I'm definitely positive he will go for 50 at the next FOMC though. Anyway, if I had to guess, the market will probably rally until the end of the week, but some weird shit will happen over the weekend and the market will tank all next week. How's that for my prognostication?