Trump just destroyed any hope of a trade deal. Bears, get ready.

Discussion in 'Politics' started by Overnight, Jul 26, 2019.

  1. Huge move? No, pal, I aim for around 20% per annum each single year. Sometimes I slightly exceed it, sometimes I undershoot. I never aim for "HUGE MOVES".

    Being snarky is ok, I can take the heat. But please stop putting lies into my mouth. I clearly said I remain long US equities for the time being. You can disbelieve me if you like but do not spin the story as if I mentioned I am not in any position. I am also short US treasuries since last week and am slightly underwater with those positions if that is somehow any consolation for you. I believe Fed will not cut 50bps, market expectations are misaligned with fundamentals in this particular regard. However, those are not meant to be medium or long-term positions. In the medium term I expect sovereigns to gain further in value, especially those that are still positive yielding.

    There you have it, you teased me, and I was stupid enough to take your bait. Now, go and enjoy the weekend, hang out at the pool, Sunday night is another day, nothing you can do for now anyway, but if you feel panic then you better spend some time overthinking your entire investment process because you most likely trade too much size or can't tolerate the volatility.

     
    #51     Jul 27, 2019
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  2. Overnight

    Overnight

    Lol, it is ONE contract!

    Do you have any idea how far one contract can move in a swing? Am I the only asshole in the universe who sees these swings as being possible? Dudes, a 20%+ swing is possible! It happened less than a year ago for NO reason, and it could happen AGAIN RIGHT NOW! Am I a shithead for thinking this and I should throw caution to the wind?

    Jesus.
     
    Last edited: Jul 27, 2019
    #52     Jul 27, 2019
  3. Please, can you stop behaving like an idiot? So you made your call for Armageddon at market open. Let's see how that works out.

     
    #53     Jul 27, 2019
  4. Overnight

    Overnight

    Yes, let us see how it works out. After all I HAVE a real money position long in the YM, at 27316, and I now see a 10% drop. Why? Because I am a swing trader with REAL money in the game. But you? Well, you are Groot.
     
    #54     Jul 27, 2019
  5. Overnight

    Overnight

    For Groot mannnnn.

     
    #55     Jul 27, 2019
  6. ironchef

    ironchef

    I don't understand human herding instincts:

    Back in 2009-12, the banks couldn't give them away. So we had plenty of time to pick up some real bargains but no one wanted one. Now, the herd in Southern Cal are fighting one another and pay triple the amount just to buy a fixer upper.

    Could say the same about trading, if only we bet with the market ...
     
    #56     Jul 27, 2019
    coplii and AAAintheBeltway like this.
  7. KeLo

    KeLo

    Last edited: Jul 27, 2019
    #57     Jul 27, 2019
  8. dozu888

    dozu888

    yup... of course not just southern Cal.. AZ, FL, NV, GA... so many markets if you cash bot a bunch of them at the bottom for $20k per, today they worth $250k per.... you set for life... and globally how many markets have seen a boom.... China, Sidney, Vancouver/Toronto, London, HK... I actually caught a small piece by accident lol.. $25k became $1m today lol.. pure luck.

    but, 20 years in the market I have never met 1 short term trading guy who's rich... some of them are good traders though... but have met so many landlords, set for life with a dozen nice property, or 200 apartments in the slums lol.... you go to a landlord board with $5-10m, people won't pay much attention.... you tell the same to short term traders people start to ask for brokerage statements...

    I've said before financial freedom needs a grand vision to catch 1-2 super cycle... high quality assets around the world... the only thing that is still yielding 6% is the SP, minimum 50% under-valuation in stocks right there... plus at least 50% growth in QQQ earnings in the next 6 years of Trump... an easy double... that's the grand vision, the rest is execution.
     
    #58     Jul 27, 2019
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  9. dozu888

    dozu888

    #59     Jul 27, 2019
    smallfil and KeLo like this.
  10. Why would you think certain people care about spelling when they don't even understand basic economics or the definition of inflation, for example. This site is littered with illiterate people but my main concern is those who can't go and check up on basic definitions and facts even when someone makes the effort to clearly points out their misperceptions. You can't help certain people to succeed in life.

     
    #60     Jul 27, 2019
    coplii, MKTrader and KeLo like this.