No kidding! https://kumrayush.medium.com/the-cu...d Decision-Making,is unable to make decisions. One of the downsides of intelligence is the tendency to overthink. Intelligent individuals often find themselves trapped in a cycle of endless analysis and deliberation. While thinking deeply can be beneficial in certain situations, overthinking can lead to a paralysis of action and decision-making. It can hinder progress and prevent individuals from seizing opportunities. https://collabfund.com/blog/the-dumber-side-of-smart-people/ If asked, “Why did the stock market fall 0.23% last week?” an average person will shrug their shoulders and walk away. A very smart person will show you their yield-curve model and valuation analysis and tell you whether the performance will continue. Who do you think is more likely to be stricken by overconfidence?
What a gift of a dip. I still like that 27-30 print going in to the Close as long as 5900 or so holds here.
That was me when I first started out as a would-be trader and it was very expensive. These days I'm pretty dumb. And it's working better. My simple model goes like this: If it's going up, I'm buying. if it's going down, I'm selling (or buying dips after the sell). I also like to joke around about how the Norwegian Pension Fund may be buying stocks today for no special reason other than buying stocks for long term holds. In the end, it's all about being on the right side of the order flow - which may happen for reasons we'll never know.
Exactly my thoughts - even if I'm still not there My view is that you have to be a bit "dumb/simple/coin flipper" to automatically put on the trades, but smart with the money management. https://www.elitetrader.com/et/thre...ment-is-the-only-true-edge-in-trading.292728/
I didn't post a trade, so for what little it's worth, I went flat on a trailing stop near the current highs. It's possible the range is set here, so no need to ruin the weekend. Still think that pop can come, but not taking risk on that view.
Please don't take these posts of mine to be political. This is purely intended to help those of us trading these Flying V markets. The stock market still leans to this candidate winning the presidential election - MarketWatch I feel this is useful for the following reason - stock market history implies that so long as Harris continues to poll somewhat ahead of Trump, then the market is likely to do no worse than pause and have one or two day bear scares before continuing higher, at least through election day.