Ken you’ve been smashed beyond belief the last 6 months . You’re a super permanent bear that has been shorting your whole life . I bet your accounts down 50% this yr
At this point one has to question Calhoun's judgement on anything. For example, on July 6th, after 9 months betting against trend, he says he's still "loving" UVXY and SQQQ. The natural question is why other then a ridiculous need to revenge trade and complete inability to admit he was wrong about everything. Performance since ( 17 days ) and YTD : UVXY : -15.7%, -75% SQQQ : -6.3%, -67.3% In other words, he's been wrong for 9+ months AND wrong short term. There just seems to be no market awareness at all.
I always give Ken he seems like a nice guy . But damm he’s the worst trader elites ever seen . There’s one simple reason . 95% of his trades are bear trades . He can’t help it he’s a perma bear to the core . I’m willing to bet it had a big play in his divorce . When you constantly lose money it pressures your marriage big time . It causes you constant anger and frustration. I know several perma bears it caused divorces for .
It's laughable how Thursday happens and of course they rip a V in your face on Friday. Every decent red candle this year has led to a V the next few days. Seriously, nothing on this earth can keep this market down for more than a few minutes.
with earning seasons still underway for the remaining faang stonks: amzn and aapl next week 7/24/23. u will have to wait until the 3rd quarter earning are over for most companies...so you have to be patient. and based on historical stats...the spy usually have a high probability of a down turn in the 3rd quarter...most likely gonna happen either in the month of sept., oct. or nov. so u gotta be patient if u are a bear...
Another lopsided trade is everyone on the Detroit Lions hype train. Their win total is 9.5. The only time they were expected to win 9 games was 1992 and 2012. They didn't come close. Better yet, when their odds to win the Super Bowl were 30/1 or better, they ended up with a losing record.