Stonks: Where to buy
Updated
Remember when I said a few months 80% retail traders were short DJI & SPX? Well they kept hodling to their losers, and probably adding to them.
Well... this week shorts have dropped by 30 to 40% and now there are more longs. They held onto losers forever, and then exited the very WEEK the price went down!
Breakeven bagholders. The typical really dumb bad speculating that every article & book on trading talks about, and the majority does "oh noes I don't want to take a loss I rather bagHODL a giant loser for 6 months and risk losing everything for a shot at breaking even", and when it goes their way "quick quick I have to lock profit because this is what you do, when it goes your way, you take profit" (??????).
Going to keep going down as more retail turn long?
If the price would fall as low as described in the following screenshots, I would buy there on the SnP & DJI:
Not if it trends down... If it capitulates very rapidely there.
If we got there by early april as SARS V2 The return of the CORONAVIRUS disappears, now that would be perfect.
Can't tell for other indices, gets too complicated for me.
I'd use a stop of about just 5%, and if it gets hit I would look for another chance to buy.
Goes up from there well I wait for the trend and hold for a while.
I hope we get to see some real panic, some FEAR.
I want to see sweat & fear out there :) Would be perfect.
If CNBC calls for a mega bear market then you know it's time to buy :)
Oh btw, an ABC very extended C would be perfect:
Point of the story is these slow hesitant "disbelief" trends are very weak and drop way faster than it took them to go up.
Always have to be the first to exit. I don't like fighting the drop until 100% retrace.
And the opposite is:
Go up fast go down slow, go up slow go down fast. Always the same story (well not always not what I mean).
The bounce will probably be fast at first, then a disbelief slow trend up.
Like this:
Well... this week shorts have dropped by 30 to 40% and now there are more longs. They held onto losers forever, and then exited the very WEEK the price went down!
Breakeven bagholders. The typical really dumb bad speculating that every article & book on trading talks about, and the majority does "oh noes I don't want to take a loss I rather bagHODL a giant loser for 6 months and risk losing everything for a shot at breaking even", and when it goes their way "quick quick I have to lock profit because this is what you do, when it goes your way, you take profit" (??????).
Going to keep going down as more retail turn long?
If the price would fall as low as described in the following screenshots, I would buy there on the SnP & DJI:
Not if it trends down... If it capitulates very rapidely there.
If we got there by early april as SARS V2 The return of the CORONAVIRUS disappears, now that would be perfect.
Can't tell for other indices, gets too complicated for me.
I'd use a stop of about just 5%, and if it gets hit I would look for another chance to buy.
Goes up from there well I wait for the trend and hold for a while.
I hope we get to see some real panic, some FEAR.
I want to see sweat & fear out there :) Would be perfect.
If CNBC calls for a mega bear market then you know it's time to buy :)
Oh btw, an ABC very extended C would be perfect:
Point of the story is these slow hesitant "disbelief" trends are very weak and drop way faster than it took them to go up.
Always have to be the first to exit. I don't like fighting the drop until 100% retrace.
And the opposite is:
Go up fast go down slow, go up slow go down fast. Always the same story (well not always not what I mean).
The bounce will probably be fast at first, then a disbelief slow trend up.
Like this:
Note
Vultures are still disappearing. People still don't care.SARS v2 Coravirus is back is still a fart in the wind that makes people afraid.
The disappearance of vulture is what like 1 billion times worse than the little corona blip? Not even exagerating.
People busy believing incredibly stupid claims like "CO2 is a dangerous pollutant" I have no words for how stupid this is and "muh drink must have no straw to save the planet".
Meanwhile...
In 2014 diclofenac was authorised for veterinary use in Europe
In 2014 diclofenac was authorised for veterinary use in Europe
This is a main reason for why vultures which are literally our only defense against the litteral zombie apocalypse times 10 are facing extinction.
In 2014 diclofenac was authorised for veterinary use in Europe
In 2014 diclofenac was authorised for veterinary use in Europe
In 2014 diclofenac was authorised for veterinary use in Europe
Sweaty mentally struggling politicians, scientists, and voters.
It's unbelievably easy to make money betting against such morons, but at the same time, the flip side is... Are humans too stupid to survive?
All this ultra easy money won't matter if every dies because too stupid to survive will it?
Markets didn't become more efficient.
Players have a harder time to make money because THEY are dumber, not markets fault.
Countertrend moronic insanity, always. Easy millions.
Man I really hope the US indices drop to my entry and every one calls for a mega bear. Drooling imbeciles.
Any way to short sell human intelligence? Or humanity period?
Note
Biden is gaga, Sanders is nuts and Hitler with less charisma, Warren is a troll.Trump will win and start his EU trade war, stocks will hesitate but generally keep going up.
And even thought Biden, Warren and Sanders will lose the election, they will at least still get to identify as US president :)
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