Found the moron who will be back in 6 months whining he lost his farm because he couldnt "predict" shit come to find out.
Until last week, I hadn't been on here since April. Back in April, I was saying that the S&P would go back up to at least 3100. Morons that remind me of you called me stupid... Look what happened. I would have increased money at 237% if I bought a ES futures and held it until the present. All for making the extremely obvious prediction that the indices would go up as the lockdowns and panic eased. Oh btw, that's 237% in 5 months, so 569% annually. Now my problem is that these easy predictions don't come along too often.
Again, there havent been enough lockdowns in US history to say your "predictions" are right in the long run. SO good job, you were right 2 times. Its no different than winning 2 trades in a row. They both mean nothing in the long run in terms of probability. You should have put all your money on a future then and really made some bank if you are so good at "predicting" But im tired of arguing with you about this simple truth of no predictions. Go ahead and predict your heart out. Just make sure when you lose the farm you come back so i can say i told ya so. And you didnt predict shit. What goes up must come down and vise versa - thats called common sense, not prediction. Again, over the long run your "predictions" will get shit on.
I didn't want to risk it. Because I have less risky ventures that I can make good money with. Things that don't feel at all like gambling.
It was a set of related predictions centered on how the economy would revert to a more normal state of affairs when lockdowns eased. Stock indices, oil and other petroleum products, a few currencies and currency pairs. The lockdowns created a unique situation where some easy predictions were available. I don't think that will be the case in the future. I'm starting to think you know nothing about economics. You're the guy who completely derailed my thread from the very first response.
Funny how some ET traders "predict" stuff but never seem to be making any money from their own predictions. Whatever.
Because it's extremely risky. And I realize there's a chance that I could be wrong. Or even if I'm right eventually, it could go bad in the short-term and get a margin call, etc.
My brokerage (Schwab) has $1200 maintenance margin for Micro ES. I guess I missed out. I currently have 3 RBM21 (gasoline futures). They briefly went down to the worst case scenario on my prediction and I almost was forced to sell at 100% loss (-$17,100), but they went way up towards the end of last week. I'm still slightly in the negative, but I think it will look better once the major economies open up more, and especially once vaccines start coming out. That's why I bought well into next year.