He's an utter bafoon. He did it to me on May 5th, and he's doing it to me again. My YM long? I'll be lucky to get out with less than a $2000 loss now, as it was down about $850 at the close today. This guy needs to just go away.
The shitty thing about this is, I KNOW exactly what would have happened on Sunday night. Investors everywhere would have been ruminating on this over the weekend, and started to feel really really positive about the Lighthizer meetings. The markets would have gone up over Sunday night. Now that Trump just spewed this dribble? The markets are going to tank HARD on the Sunday open. And, they may continue tanking right through the Fed decision, because Trade is the heaviest weighting on the markets right now. So I have no choice but to dump my long, just like on Mar 5th. The Fed has just taken a back seat.
What this teaches me is that I was right all along to do my long/short offset trade in everything I do. It worked. And it would have worked today. FUCK I cannot stand this Trump asshole. People kept saying it made no sense. Well, it would have made sense today, for the Sunday open.
my goodness. how many times have I said... you got jump on the Trump train and everything will make sense and your trading account will thank you. first of all - why even jump in and out.... buy and hold until YM is 40000. secondly, I think you read this piece of news completely wrong... market has long priced in the delay in the trade deal.... and Trump is right, China is paying the tariffs... we are just raking in billions... Monday will be no event.
I trade futures mostly as a swing trader, so I don't give a shit about Monday. My workweek starts 1800 Sunday evening ET, and does not end until 1700 ET the following Friday. And yes, Monday WILL be an "event".
I wonder how Rickshaw is gonna' handle this severe drop in the futures overnight. Oh, right, he magically never suffers a drawdown.
Not saying this is the case.... but you might want to consider the fact he may have just said something like that... for the fun of saying it. There's not going to be a deal, but they already know what the outcome of this meeting is going to be. And they already have the positive spin written to spill when the meeting is over. Its pure Trump dude... hint at a disappointment, brace everyone for the worse... and then come thru with a (bs) win. Its all optics. All a game bud. Earnings are coming in strong. Don't listen to CNBC. We don't need 30% growth yoy in Amazon and Google to have a strong economy. Its all bs and its all a game. Watch what happens when they do cut rates. To the moon Alice. To the moon.
That you say this warms my heart, and makes me feel comfortable with my long. But on the other side of the coin, it makes me fearful, because you said the same thing in the beginning of May when I was whining about this sort of thing. And The thing pulled a Jan 2018 move, and recovered quickly. But this one could be another Oct 2018 move. Why does nobody fear this reaper of a correction, as if it can never again happen out of the blue, like the Oct 2018 one did? WTF people? There is risk! Good grief!