Continuing coverage of the short taken at 2940 SP and 2800 SP..
Yes, were in profit.
No, we're not in profit.
What? How could this be???
Trade management, explained.
Here is our 90% Bayesian probability study in simple terms:
This would be a place capital leaks out of the SP.
I did leave 10% of an upside possibility (see: Bulls can rip your face off with this short)
The 10% UPSIDE is: That reasoning: TRUMP. HIS MARKETING MAGIC. HIS ABILITY TO PROMOTE IDEAS OF FREE MONEY, STIMULUS AND "RE-OPENING".
The 90% DOWNSIDE is:
Yes, were in profit.
No, we're not in profit.
What? How could this be???
Trade management, explained.
Here is our 90% Bayesian probability study in simple terms:
This would be a place capital leaks out of the SP.
I did leave 10% of an upside possibility (see: Bulls can rip your face off with this short)
The 10% UPSIDE is: That reasoning: TRUMP. HIS MARKETING MAGIC. HIS ABILITY TO PROMOTE IDEAS OF FREE MONEY, STIMULUS AND "RE-OPENING".
The 90% DOWNSIDE is:
- technicals
history (every bear market bounce since 1929 usually goes 50-62%)
Weekly 12 EMA at resistance
Former resistance in April 2019
6 weeks of the steepest slope EVER in the SP
Fragile hands speculating on "cheap stocks"
Algos selling off, and then...REALLY SELLING OFF (see March 8-15)
No revenue
CEOs "withdrawing guidance" fro future profits (how do you value stocks?-- INCOME...EPS)
2T in stimulus
Me being home
You being home...
Seeking.