It's hard to go long right now I totally understand. However the higher it goes without you is a terrible feeling. So I hold my nose and buy on any retrace. As for me, I actually would rather be long and lose than be afraid to buy. This is the most forgiving market for bulls. Even if your timing is not perfect, you will be saved. Sure this can't go on forever but I learned long ago not to fight the Fed.
Not really. I'm attempting to play 3D chess and my track record is far better trading what I see than pinpointing turning points. However, if we do get a 15-20% pullback, I believe it could happen very soon. Things may be lining up for a sell the news special on January 15th.
Apple added $30,000,000,000 in market cap today. Keep thinking this is normal because its absolutely not. There is a time when a stock is fully valued and greed is running rampant and that is exactly apple right now.
I believe the sell the news event as well unless it's just another excuse for a 2% rally based on absolutely nothing but the fed sinking unbelievable amounts of liquidity into the market.
Been noticing a lot more liquidity in overnight NQ futures the past couple weeks. Usually there's a two tick spread but lately it's just been a one tick spread at 5+ contracts. I remember during the Feb 2018 VIX event, NQ overnight futures were a ghost town. I think the spread was 8 ticks or more, all market makers left the building.
My retirement account is already up 1.37% year to date. So at the rate its moving I should be up approximately 35-40% by the end of 2020. All that free fu$king money is going to be so incredibly sweet. Thank you fed for propping up the markets every single second, minute, hour, day, week, month and year oh and decade....free unlimited ri$$$$$kkkkkk money....keep pumping those trillions every year so that everyone can see their retirement accounts melt up. Zero risk all reward all the time...
Now cryptocurrencies are moving. Money is just pouring into everything and anything...no stop to the unlimited fed liquidity bubble.