it's in the first post of this thread... but I guess some update is due... although I have already posted many times elsewhere in the forum - 1) the fundamental back drop is still quite the same as 3 years ago when I was screaming all-in; equities are dirt cheap... and if something is this obvious but my pro boys are NOT advertising it, then it MUST be true. 2) price action wise, the oct-dec followed by the jan-apr rise, that's enough to confirm the pro boys plan. so it does look easy, after some practice this way of thinking becomes quite natural and you can feel what them pro boys are doing.
yw - for now, it is very easy because point 1) is overwhelming... just go all in until equities 'catch down' on the yields.... it's a no brainer when you have the most pro-biz president in office, who has even managed to hijack the Fed lol to pledge low rates.... so the bond yields won't catch up... equities have to catch down.. 3.5% to 5.5%, easy 50% under valuation hidden in the equities right now! so even if you don't take advantage of any price action my pro boys produce for price improvement, you will still end up very rich lol.
HOW TO BECOME RICH. I have been following the markets for 20 years.... I have never met 1 guy who got rich from short term trading, even though I have met some good, consistent traders... perhaps their mentality to make 25 cents a day made them consistent, but also limited their potential. I have met many rich entrepreneurs - people who own consulting firms, starting from a normal office career, establish some connections and then just provide bodies to do work.... by rich I mean a few $m to be set for life. I have met many landlords - commercial or residential... from a few houses in good areas, from 100's of apartments in urbans... rich enough to be set for life. You need a vision and good consistent execution, plus a little luck. People who accumulated real estate, in T-1 cities in China, or Toronto/London/Sidney/Vancouver/HK, etc etc... doesn't even have to be huge number, a small handful of apartments you are set for life... People had vision to catch such a super cycle got rich enough... I caught a small piece by luck. What's the next BIG game?
ok.... yes and no. for most people simple buy and hold and capture the 12.75% NDX is good enough.... I just happen to have some price action knowledge after so many years fooling around in the market so might as well capture a little bit extra price improvement
Yesterday I have taken a sell call in crude oil at 3873 and exited from the call Today 8:10 pm at 3849 Total Profit: 24
so here is an example of the story unfolding... so last week the market wanted to push new highs, only to change direction on the trade tweet... and the correction was about 3%... right now the overseas market down big, but it is an extension of the same story right, so is the 2% pre market drop illogical? on this note I bot more QQQ, based on my current portfolio composition.
here we go again... yield curve inversion, slow down somewhere in the world.... didnt we have this just a few weeks ago? and market pushed new high right? so is this a 'fool me twice scenario'? also the media is overwhelmingly bearish... this confirms the 'fool me twice'... therefore I am buying again. also - at the moment the downward momentum is big... usually I'd not buy like this... but today's drop speed is partly due to the trapped dumb money who bot yesterday... buying on some news is usually dumb money.
as you see all this stuff is basic logic.... stories are similar although never exactly the same.... but keep the previous sequences in mind, it's not difficult to reach a conclusion/decision for the current event.