some additional thoughts for today.. in the beginning we were all told to 'respect the market' and the 'market is always right'.... this mindset fits a beginner well because the market is such a mysterious monster... it's like religion... it makes you fearful to get respect. but after you understand what the market truly is... the market as a whole has an average IQ of about 115.... participants have more income than average and slightly smarter than the 100 IQ moron aka the general public.... 115, honestly, is still quite stupid. so what do you do.. please be honest with yourself.... if you are below 115, stop trading... just blind buy the qqq, your children and grandchildren will thank you. but if you are a smart dude, do NOT respect the market, you ARE smarter than it. it's OK to feel superior, that's how you feel comfortable to be on the same side with them pro boys and pounce on the sheep. what you SHOUDLD respect, is them pro boys, after rounds of shakes like this one we are going thru, you will see more and more clearly how they operate with laser precision.... well, not exactly laser but close enough is good enough because they have a HUGE advantage aka the media... you see how this round they can push an absolutely bogus virus to full panic? the market is not a single element, you have to look at it from the angle of the smart and the dumb.... you watch and learn how the smart take the dumb to the cleaners over and over, that's how you finally gain true understanding of the market. then at the end, you become ONE with it.... it's no longer a matter of respect or fear or whatever, you ARE the house, you know exactly what the house will do, only short of a seat at them secret meetings when they decide to shake it up a little. makes sense now? and with all due respect after so many rounds of explanation if you still feel foggy you are just a f'cking moron who will never get it, so go back to option 1 - blind buy the qqq and hold for ever. the free virgin is for everyone, even the f'cking morons. LOL.
Additional thoughts for today? These are your first thoughts for the day as posted on your journal. Your last post here was yesterday...? Not all of us can use the Force™ and get the bank to leverage our homes so we can all-in max lever in this for-sure up market. And option #1, blind buying the QQQ and holding forever has been your rally cry for quite a while, thus the reason we should mortgage our houses. Now it is an option only for morons?
Indeed. For how many hours does a date on our calendar exist on our planet, in a given week? For example, today is Wednesday March 4th. How long will it exist?
So are all the smart pro guys colluding against all the dumb amateurs? The pot from the dumb amateurs is too small to share. All the smart guys are too greedy to share.