Market has topped on 2019/11/07. Get the hell out now.

Discussion in 'Trading' started by noddyboy, Nov 8, 2019.

  1. noddyboy

    noddyboy

    I know for a fact that there is no one indicator that can predict the market top. Give me one such indicator and I will refute it. Every peak is different and you have to look at the totality of all the evidence put together.
     
    #61     Nov 11, 2019
  2. Pekelo

    Pekelo

    You brought up lots of good points. Lots of those calls were right on the money though and although long term they didn't work out, but they made money for the poster short term because the market did drop after those calls. But a time frame should be posted.

    That being said, I have just sold SPX vertical 3100/3105 calls 38 days out. Why?

    1. Time works for me, instead of against me.
    2. My possible loss is predetermined.
    3. If the market goes sideways, I can still profit.
    4. Even if I am wrong, if I can time the market intraday, I can get out of it with no loss or even gain by closing the wings separately.

    It is a kind of a binary position, I either make X or lose X (and everything in between).
     
    #62     Nov 11, 2019
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  3. orbit23

    orbit23

    I was always having giggles seeing all those top calls, but one of them is bound to be right. And i think OP could be right. Timing seems to be right this time. Markets seem kinda toast.
     
    #63     Nov 11, 2019
    noddyboy likes this.
  4. noddyboy

    noddyboy

    I am surprised by the foolishness of "professionals" "investing" in WeWork. It will be the poster child of this upcoming crash, even if I am a month or two off. When you are down on your investment but have $3 billion to spend, do you throw it to give WeWork CEO severance? Or do you use it to buy out completely the largest competitor Regus with more customers (more everything) than WeWork? I think 5th grade kids playing basic checkers can make a better decision. Of course, an even better decision might be to fold completely, but it seems that even when trying to double down, they ask themselves what is the worst move that I can make and do just that.
     
    #64     Nov 11, 2019
  5. Overnight

    Overnight

    Then why the hell did you create a thread calling for a market top last week?

    Yikes!
     
    #65     Nov 11, 2019
  6. noddyboy

    noddyboy

    I believe both statements to be true
     
    #66     Nov 11, 2019
    tommcginnis likes this.
  7. Nine_Ender

    Nine_Ender

    Why would the timing "be right ? There is literally nothing going on to support calling a top yet.
     
    #67     Nov 11, 2019
    themickey and tomorton like this.
  8. noddyboy

    noddyboy

    Give me some examples of things that would change your mind.
     
    #68     Nov 11, 2019
  9. noddyboy

    noddyboy

    I would exit longs and scale into short positions in the coming weeks.
     
    #69     Nov 11, 2019
  10. Overnight

    Overnight

    *chokes on drink* You sure about that? You think the "Santa Rally" is truly dead?
     
    #70     Nov 11, 2019