Investors reacting to bad job numbers, sold some to reload lower
Professional investors came back from their vacation yesterday and they did sell as some speculated (allegedly because of the job numbers).
I reduced my position size if the price retraces like it has kept doing (vertically) I'll joyfully reload lower, and I will use the profit to buy more than what I sold (with some profit to spare) ^^
I will mostly buy with tight stops, in case this is a bigger correction in which case if I buy I'll buy on a ~10% correction.
And if the price goes up I'll wait for the next pullback.
That's all, nothing more to it really. Simple.
I reduced my position size if the price retraces like it has kept doing (vertically) I'll joyfully reload lower, and I will use the profit to buy more than what I sold (with some profit to spare) ^^
I will mostly buy with tight stops, in case this is a bigger correction in which case if I buy I'll buy on a ~10% correction.
And if the price goes up I'll wait for the next pullback.
That's all, nothing more to it really. Simple.
Comment:
A theory...
Permabears are going to whine that it "barely just dropped 2% this is a joke market is manipulated" haha they're so funny.
I was watching a live market analysis this morning by an analyst for a broker and he cracked me up he was complaining that the S&P 500 was "too regular", "boring", "monotonous and repetitive no matter the fundamentals", and that he longed for a correction of at least a lousy 5%.
Lmao clearly this guy never made money investing (he's not allowed too anyway).
I hope this "boring" "repetitive" price action continues for the next years!
If EURUSD and GBPUSD and Gold and Oil and everything actually could be as "boring and repetitive"... Well I'd get pretty excited myself.
The more monotonous the price is the more euphoric you should be.
The pattern is a 1 month cycle, and the price overall has gone up in a straight line for 500 days. It strikes me as so obvious the market decides on your timeframe, it is not a matter of choice or preference. Investors are supposed to be in a position for over a year, and abuse the broken meta by selling some when it goes up a bit, buying on these predictable pullback, as long as it lasts.
Anyone trading this differently is obviously trading wrong.
Sorry but that's what is strongest, that's the meta. Investors don't get to decide otherwise. It's like a video game say world of warcraft I read about recently (because they ban people using the "racist" term greenskin now xd): If you build a wizard as a tank and with physical damage rather than spells well you're allowed to have fun but don't expect to be very high rank or get high loot or whatever.
Starcraft, League of legends, AOE 2, maybe these are better examples. If you play the weakest race or champion (non meta) and build random items on them, don't expect to go pro. It's fine if you just want to have fun, but I think most people that get into investing want to make money, not just have fun. So you are a slave to market volatility and a slave to the market meta. Meta just means what works best, and here with the price going up in a straight line for years in cycles of 1 month the meta is painfully obvious (and it's clearly not day trading or going "fundamental" short).
In these video games by the way the few players that climb with "non meta" champions still build all the strong item, do the strong jungle camps, level up the strongest skills, have the correct gameplay of going for kills early and objectives later on etc. And when they go pro they forget their weird picks and play the meta like everyone else. Either you do what you got to do or you know, Macdonalds and dev companies are always looking to hire.
And for those that can't help day gamble, or trade ranging weird markets, or hold bags like GME, well I mean that's all pretty bad I wouldn't bet on them to get far, but anyway I mean Stanley Druckenmiller & Bill Ackman are billionaires so no need to be perfect, but clearly they are not on the level of Warren Buffett or George Soros. Buffett worst mistake was insisting on building Berkshire and that's not such an obvious one.
So to get back to the subject I guess it's ok to be imperfect (but not using this as an excuse to be mediocre), but say you were to have half of your capital in "the meta" and then "play" with the other half. If things don't just go wrong, at least you have half your money doing ok, serving as a cushion.
Gee I hope I make more money than just with my S&P long xd Forex has been so slow and unpredictable and no returns zzz.
And remember that the top traders list on Bitmex are market makers and "scalpers" collecting interest and rebates, not bagholders. Virtually 0 risk money all day long I mean... Rince and repeat. Once again the concept of risk to reward but under a different angle.
Permabears are going to whine that it "barely just dropped 2% this is a joke market is manipulated" haha they're so funny.
I was watching a live market analysis this morning by an analyst for a broker and he cracked me up he was complaining that the S&P 500 was "too regular", "boring", "monotonous and repetitive no matter the fundamentals", and that he longed for a correction of at least a lousy 5%.
Lmao clearly this guy never made money investing (he's not allowed too anyway).
I hope this "boring" "repetitive" price action continues for the next years!
If EURUSD and GBPUSD and Gold and Oil and everything actually could be as "boring and repetitive"... Well I'd get pretty excited myself.
The more monotonous the price is the more euphoric you should be.
The pattern is a 1 month cycle, and the price overall has gone up in a straight line for 500 days. It strikes me as so obvious the market decides on your timeframe, it is not a matter of choice or preference. Investors are supposed to be in a position for over a year, and abuse the broken meta by selling some when it goes up a bit, buying on these predictable pullback, as long as it lasts.
Anyone trading this differently is obviously trading wrong.
Sorry but that's what is strongest, that's the meta. Investors don't get to decide otherwise. It's like a video game say world of warcraft I read about recently (because they ban people using the "racist" term greenskin now xd): If you build a wizard as a tank and with physical damage rather than spells well you're allowed to have fun but don't expect to be very high rank or get high loot or whatever.
Starcraft, League of legends, AOE 2, maybe these are better examples. If you play the weakest race or champion (non meta) and build random items on them, don't expect to go pro. It's fine if you just want to have fun, but I think most people that get into investing want to make money, not just have fun. So you are a slave to market volatility and a slave to the market meta. Meta just means what works best, and here with the price going up in a straight line for years in cycles of 1 month the meta is painfully obvious (and it's clearly not day trading or going "fundamental" short).
In these video games by the way the few players that climb with "non meta" champions still build all the strong item, do the strong jungle camps, level up the strongest skills, have the correct gameplay of going for kills early and objectives later on etc. And when they go pro they forget their weird picks and play the meta like everyone else. Either you do what you got to do or you know, Macdonalds and dev companies are always looking to hire.
And for those that can't help day gamble, or trade ranging weird markets, or hold bags like GME, well I mean that's all pretty bad I wouldn't bet on them to get far, but anyway I mean Stanley Druckenmiller & Bill Ackman are billionaires so no need to be perfect, but clearly they are not on the level of Warren Buffett or George Soros. Buffett worst mistake was insisting on building Berkshire and that's not such an obvious one.
So to get back to the subject I guess it's ok to be imperfect (but not using this as an excuse to be mediocre), but say you were to have half of your capital in "the meta" and then "play" with the other half. If things don't just go wrong, at least you have half your money doing ok, serving as a cushion.
Gee I hope I make more money than just with my S&P long xd Forex has been so slow and unpredictable and no returns zzz.
And remember that the top traders list on Bitmex are market makers and "scalpers" collecting interest and rebates, not bagholders. Virtually 0 risk money all day long I mean... Rince and repeat. Once again the concept of risk to reward but under a different angle.
Comment:
Breaking: French police arrested a natsoc man that built nuclear bombs (3 were fully functional) and was planning a terror attack. First nuclear terrorist ever, at least in west Europe (if you count Iran & North Korea I guess they are the first, by US standards).
"You'll need F-15s and nukes to take us down" they said...
They found "Division Charlemagne" badges at his home (SS badges).
Who knows what might happen tomorrow?
Well if there is a 2000 points gap I got guarenteed stops on the S&P anyway, but not in FX. Might gap the right direction thought. Ye if the S&P goes down and USD up my losses are limited and gains unlimited. They could both go down thought.
Damn, nuclear terrorism. The wokism has alienated people so much we got to the point of nuclear terrorism.
And french president got slapped.
Now is a good time for me to remind my calls of the past years:
- Whoever would win the US 2020 elections in the greater scheme will be the loser
- Far right / fascism will rise (as well as socialism but wake me up when they are capable of building nukes)
- The status quo powers will continue to not take the radical left seriously (tbh they got a point) even if they are annoying like mosquitoes, and claim the far right is the real terror (the far right hasn't done much and "wasn't" the real threat but when they start getting violent they certainly will be)
- A revolution in France, can be something like May 68, or 1848/1830/1789.
- The west will collapse and be humiliated, people will make jokes worse than they did about "France surrendering"
- Progress will fall apart
- The economy, magic beans, crypto magic beans, stock bubble, etc, will all pop
I think that's it. I hope the S&P goes up vertically before the big collapse, it's hard to mindlessly just hold when I know it's going to all fall apart, a bit like Peter Schiff he can't buy knowing it's all bad, it's like putting your hand on the stove when knowing it's hot, easy to do it if you think it's cold, next to impossible when you know it's burning. Well at least I got limited risk with the contracts I use.
This weekend scares me :(
"You'll need F-15s and nukes to take us down" they said...
They found "Division Charlemagne" badges at his home (SS badges).
Who knows what might happen tomorrow?
Well if there is a 2000 points gap I got guarenteed stops on the S&P anyway, but not in FX. Might gap the right direction thought. Ye if the S&P goes down and USD up my losses are limited and gains unlimited. They could both go down thought.
Damn, nuclear terrorism. The wokism has alienated people so much we got to the point of nuclear terrorism.
And french president got slapped.
Now is a good time for me to remind my calls of the past years:
- Whoever would win the US 2020 elections in the greater scheme will be the loser
- Far right / fascism will rise (as well as socialism but wake me up when they are capable of building nukes)
- The status quo powers will continue to not take the radical left seriously (tbh they got a point) even if they are annoying like mosquitoes, and claim the far right is the real terror (the far right hasn't done much and "wasn't" the real threat but when they start getting violent they certainly will be)
- A revolution in France, can be something like May 68, or 1848/1830/1789.
- The west will collapse and be humiliated, people will make jokes worse than they did about "France surrendering"
- Progress will fall apart
- The economy, magic beans, crypto magic beans, stock bubble, etc, will all pop
I think that's it. I hope the S&P goes up vertically before the big collapse, it's hard to mindlessly just hold when I know it's going to all fall apart, a bit like Peter Schiff he can't buy knowing it's all bad, it's like putting your hand on the stove when knowing it's hot, easy to do it if you think it's cold, next to impossible when you know it's burning. Well at least I got limited risk with the contracts I use.
This weekend scares me :(
Or it's just big institutions in their black boxes?
There's nothing special I know of that happens monthly at around that date.