After a huge run up, even compared to the post 2000 bear, this market is going to fall deeeeeep.
Now, I have to say that I'm not exactly trading it like this - but I'm picking off pull back and going short in small peices. I'll cash out and buy part of Florida when I'm done, then make it part of Canada. But I'll make the purchase after the next hurricane wipes it out. Because I'm cheap and like to buy stuff on sale, like the SPY for the short on pullbacks!!!
If you like to short, bitcoin was your go-to - take a look at my earlier idea telling you that its a peice of crap and nobody cares any more, at least the people with money. Bye bye bitcoin. Maybe the rich are still short bitcoin?
Back to the SPY. I know you see the reverse head and shoulders - so does eveyone else. The pattern will turn out to be something else when we look back in a year, thats the way this game works, although its not a game. Its real money. Over and out. Mic drop. (to dramatic?)
Trade active
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Not much to update, it's still going down. Another 6 months to 24 months left. Trade futures on the down, its the cheapest instrument, and safest. Or reverse ETF's, but not the multiplier ones for more than a day hold. Bye Bye SPY
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We are half way there already!!! Now we will bounce back up. I'm going to go balls deep on ES futures once we get back up... a selling we will go, a selling we will go!!! Thanks to the top few percent rich people in Amercia for being so greedy and screwing up the markets!!! I'm on a highway fast track to retirement!! Boom. *drop mic*
Yes, half way there - look for a bounce - then sell hard - HARD. Ready, let's all scream at the same time... PANIC!!!!!! HAHAHAHAHA
Also, make sure you use stops and manage your risk. I could be wrong. I've been wrong before. Quite a few times. But I still make money.
UnknownUnicorn1694303
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I think you pretty much have this pinned, we are on the edge of a BIG DROP in the next 2-4 months at best.
filabonic
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haha...I think your strategy is spot on...sell on lower lows...in 'pieces' or as you put it 'peices' lol...Am from Africa...but trading actively from up here...It is a worthwhile watch and earn!!!When you buy Florida,spare some space for me...(to buy).All the best
Also, make sure you use stops and manage your risk. I could be wrong. I've been wrong before. Quite a few times. But I still make money.