More free money in 2 hours and 7 minutes. Get ready for another 5% rally and fresh new highs on the s$p
Somehow the dark side of me finds it delicious that the market raging higher keeps you in a constant state of misery . Honestly though - you should just get on board with all of your accounts instead of your 401 and you'd be crushing it.
Retirement account up 5% last week alone, my other accounts were raging when the markets were in plumnet mode, I did add longs when we were down and kept them through the rise, have sold off a very large amount of longs missing on many many dollars worth of gains, would have been up huge if I weren't holding my short etfs as of this very moment and instead still holding onto only longs, but no worries, I'm very very prepared for any significant drop that could come due at any moment. Two trading accounts.. Trading account #1 up just over 4.5% Trading account #2 up just over 1.7% Retirement account down just over 4.5% but all funds still in the green since I heavily contributed to it in March April and may.
Right the fu$k on!!!!!!! Told you free money galore MARKETS Dow futures rise 100 points as Wall Street tries to add to last week’s rally PUBLISHED SUN, JUN 7 20206:01 PM EDT Anyways futures are up nice once again but the reality of it all is that this momentum can only be sustained for so long. Market will pull back of course and tomorrow ill add more shorts because at the rate the markets are moving at i will double my retirement account by December and we all know how impossible that is....the market is not going up in a straight line!!! Sell while you are ahead
I hate to tell you this but those aren't very good numbers this year. You've been talking about cashing in on a big correction for years and you got one and made absolutely no money on it.
I'm still trying to figure out why the mkt ever drops . I just read an article were a guy was saying the mkt is looking out 12-18 months . If thats the case when things are getting bad and the mkts at ath's why not just look out 12-18 months because surely it will be better. I knew the charlatans would say look business only down 80,60,40,20 %. BY that time with business down 20% from Feb the s@P should be at 4500 and stocks trading at 35 P/e's . Hopefully the lesson all learned is if you rationally think in this game you'll lose . By a basket of stocks down 60-80% and you simply can't lose .
LOL Enron was down 60-80% at one time. And WorldCom. And recently that Chinese Coffee Company was down a chunk. If only it was so simple to just buy ... all the time. BTW my trading time frame is seconds to hours lol.