SELL ALL new All Time highs Long/Short Strategy
I have a long trade on right now, so don't mistake me for what some call a "Bull". Being a Bull or a Bear is a 50% strategy, you will make money half the time in the long run. I trade futures, and on a typical Monday we go UP, so yes I hold longs.
I have a long term trade with the Maximum number of contracts my broker will allow, June contracts. On days like today when i expect us to go higher I also hold an equal number of March NQ longs, which i sell at the new ATH. When you hear "Traders"
( are they really a trader if all they ever do is buy the dips?) they talk about "roasted bears", or when you hear them say "Bears are all gone" thing like that you know you are listening to someone who is going to get 50% success, maybe 99% success
when the market goes up, but Retail traders never beat The House in the long run. Hopefully most of you have heard me talk about "Paper" and "Retail" Buying the dips only is exactly what Paper wants you to do, They bought hundreds of thousands
of contracts to sell at 12,000, and they are happy to sell them all the way up to new ATHs. Paper doesn't buy in our exchange, you won't see them buying, they buy in Dark Pools, in the ICE exchange, where you don't see them buying in massive bulk.
If you don't know how to short what are you going to do when the music stops and paper takes us down so they can load up again? I will add more to this post over time. Keep in mind the statistics. 97% of people who actively trade lose money
so what you hear the most people saying in the trading room is dead wrong. When the selling finally starts if you don't want to short at least get out of the way, cause when we go down it is fast and hard. This chart shows the results of
my short all new, All Time Highs strategy.
I have a long term trade with the Maximum number of contracts my broker will allow, June contracts. On days like today when i expect us to go higher I also hold an equal number of March NQ longs, which i sell at the new ATH. When you hear "Traders"
( are they really a trader if all they ever do is buy the dips?) they talk about "roasted bears", or when you hear them say "Bears are all gone" thing like that you know you are listening to someone who is going to get 50% success, maybe 99% success
when the market goes up, but Retail traders never beat The House in the long run. Hopefully most of you have heard me talk about "Paper" and "Retail" Buying the dips only is exactly what Paper wants you to do, They bought hundreds of thousands
of contracts to sell at 12,000, and they are happy to sell them all the way up to new ATHs. Paper doesn't buy in our exchange, you won't see them buying, they buy in Dark Pools, in the ICE exchange, where you don't see them buying in massive bulk.
If you don't know how to short what are you going to do when the music stops and paper takes us down so they can load up again? I will add more to this post over time. Keep in mind the statistics. 97% of people who actively trade lose money
so what you hear the most people saying in the trading room is dead wrong. When the selling finally starts if you don't want to short at least get out of the way, cause when we go down it is fast and hard. This chart shows the results of
my short all new, All Time Highs strategy.
Comment:
selling new ATH pays off again
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ