My CALL made today Aug 26, 2022 ahead of Powell's words Deflation around the corner. Inflation is dead/dying/peaked. FED at most one more piddly hike at 25 to 50 tops. Then no more. DEFLATION will take over and gather steam That's my call
see quote for bod red text. Then observe how Q gave me my 38.2% minimum requirement hit and then reversed. Like I ssaid, I would have preferred her to go higher but hey 38.2% is a minimum see chart ............. 38.2% marked in white dashed line
Close out Short at 312.52 all 10k shares in one shot boom done done Flat and also the one from post #954 at 312.87 that was untriggered before but is now in play today
Nice juicy chunk of moolah. Just a trade though. One trade for under a 24-hr hold period produced more moolah than what most people make in a year before tax. There is a lesson here for me but it involves much higher risk ............ but I'll spell it out. Instead of accumulating and accumulating and holding for 2 years till the end of the BEAR why not just trade it like the trade done in the last 24 hours? By quadrupling the position size in one shot for just one trade per event I can bag 400k nett profit for just one trade and make a clean getaway every damn day or every 2-3 days. And then to add more juice to the equation why not go with 1/4th the position size for counter trend Long move and nail some moolah there too? I'm thinking about all of this as I devise and upgrade my own strategies. So once again ................ GREEN GREEN GREEN God, do I love it so!
For Overnight ................ God, do I love this guy but can't say the same about his cohort, vanzandt I have made my decision. I do not want to accumulate and accumulate and then just ride the BEAR tot he bottom like a chump. It will kill my life. How so? I would have nothing to do except to be a SELL & HOLDER, no different than a BUY & HOLDER. Been there done that. F**k it. Its too boring I'm just going to TRADE the BEAR like I have been doing thru' my Internship at ET. Trae, trade, trade, trade, TP, go Long or not go Long but get plenty of rest with no pending positions. I figure I can do 400k nett profit per 1-3 day position trading holding by using the strength of my capital base. I will need to evaluate RISK - this is a work in progress as its quite new in concept.
Good Saturday morning, amigos .................. be ready for action of Monday ............ I am FLAT as already stated. I await market open on Monday to decide what to do next. We are headed toward the June lows to take them out with aplomb. Thing to remember for historians: Market's worst day for ET = best day for MJ (yours truly) I am not a buy and hold investor nor more I am not a sell and hold investor no more I am just a trader of bull and Bear markets and ride and surf the TREND. simplicity itself. I enjoy it I love it Is there a better occupation? NO! Clint said, "we have the best work in the world, our craft ensures it" Wrong! You have bosses and financiers and producers who can kick your ass and you have to blow them and bow to them when they demand it. For MG (yours truly): there is literally NOBODY senior to me. No boss. Its a true one-man operation. No consultation required. A total Loner's ultimate game of Paradise. You don't have a clue, Clint, what its like to have nobody above you except God!!! I rest my case in having found the ultimate profession on Earth. God, do I love it so!!!
QQQ monthly showing next train station at $262/share. All red dashed lines are train stations where refreshments will be served. At $172 I will slap Overnight once At $ 107 I will slap Overnight a 2nd time At $69 I will slap him a 3rd time At $25 I will say to Overnight, "do you finally get it that you have zero foresight?"
QQQ daily ................ next train station is $262 Fasten seatbelts, hid and watch. Refreshments will include a Jackfruit pudding.
update on the plight of Mr. btfd aka vanzandt He died on Friday. But was already crippled for the few days prior to Friday except for the 2 days when he came out into the open during the Market's sideways no action move and bellowed, "btfd" Then the tsunami came in on Friday and took his to the promised Land!!!! Here is what intrigues me ............. How has such vanzandt ignorance gone under the radar for sooooo long? Baffling! I believe I do know the reason but even then it is staggering. Bull market shenanigansters get flushed out in BEAR markets. BEAR is killing ET's old timers left and right. Who ever survives this onslaught will make this a better place for everyone else. Which is highly desirable! Stupidity is a disease and should be eradicated. ET's slim engine will take TRADING to new heights and glory. Don't believe me? Hide and watch!! Once stupidity is eradicated word gets around and the real Men of substance show up to carry the Olympic torch of Trading. Of all the old timers only Clubber Lang and Scataphagos will survive to the new era.