The Death of the Stock Market and Why Most Traders Suck
Updated
The good traders never get famous. They're lone wolves. They won't give you what you want because being a good trader requires peak IDGAFness.
What you want is 8 meticulously detailed and data intensive paragraphs about why the stock market is going down 53% from the ATH and how you could have know that back in October. But you actually don't need to know anything about finance to see it in the chart.
Why waste my breath? I posted the chart. A picture is worth a thousand words.
The people who will benefit from this trade idea are the people who are free thinkers. You will see the chart and think for yourself: How could this be 99% accurate and/or how could this be 99% wrong?
You need to be able to envision both possibilities in your head and manage your risk around what is the most probable scenario. Forget the narratives, forget the "news".
.....But I dont need to tell you good traders that, if you see this post your already figuring out what you can learn from this chart; the rightness and wrongness of my idea (statement) based of of your own interpretation.
Like modern art it tis.
This is honestly just a normal market cycle. A measly correction is unlikely. Once we fall past the MA200 its a rippity rippity wrap. (but first Im gunna long the bounce off the MA200 before it continues to break down)
BEAR GANG GOING FOR THE SLAM DUNK
What you want is 8 meticulously detailed and data intensive paragraphs about why the stock market is going down 53% from the ATH and how you could have know that back in October. But you actually don't need to know anything about finance to see it in the chart.
Why waste my breath? I posted the chart. A picture is worth a thousand words.
The people who will benefit from this trade idea are the people who are free thinkers. You will see the chart and think for yourself: How could this be 99% accurate and/or how could this be 99% wrong?
You need to be able to envision both possibilities in your head and manage your risk around what is the most probable scenario. Forget the narratives, forget the "news".
.....But I dont need to tell you good traders that, if you see this post your already figuring out what you can learn from this chart; the rightness and wrongness of my idea (statement) based of of your own interpretation.
Like modern art it tis.
This is honestly just a normal market cycle. A measly correction is unlikely. Once we fall past the MA200 its a rippity rippity wrap. (but first Im gunna long the bounce off the MA200 before it continues to break down)
BEAR GANG GOING FOR THE SLAM DUNK
Note
Stop loss is MANUAL I will not get stopped out, any higher than that area though I will consider cutting my losses early, invalidated at a new ATH.Note
imagine being a bull when I posted this....neccccccccdnt worry relief is coming swenish, 2350ish im eyeing, and yes i think the pump will be pretty epic
Note
first target area reached, gunna start lookin at calls now, yu can imagine puts were on fiyahhh, all covered as of 2day.i never trade counter trend without STRONG confirmations of a temporary reversal
dont be fooled by the relief rally (luukin at 2600ish possible top), we just getting started
hope i helped some of yall, cheers
Note
longs are not safe, more lower sewn, this rally was faster than expected and so may end sooner than expected, tomorrow will be most intriguingNote
SHORTNote
Scaling in up to 2620ish, invalidated if we hold above 2600... wow this is going to come down hard if we hit that levelNote
2630 is likely the top, best believe staircase up, elevator downpatience and conviction
next week there will be blood
Note
I bought puts during todays cash session at resistance fwi...will buy the rest at 2630-2620 or on a breakdown of 2560Note
The ideal short is upon us brethren, were almost thereNote
I think the top is in, best R/R here.....continue de dumpinvalidation, any higher than 2630 for more than an instant
or 2600 holds as support
otherwise, this next dump will be harder than the first,
adding the bulk of puts here, keep position sizes responsible and if continues higher ill be out no hesitation
Note
well technically i havent added yet so ill update when i actually added (soon), still think top is in, but waiting a bit for some LTF confirmationNote
ok all loaded up :), stay safeNote
LMAO worst timing, we go straight back down or im outNote
Did not sell a thing. Pain comes next week.Note
did I say next week because i meant next next week obviously ;) forgot about the obligatory bull trap. firm invalidation is consolidation above 2675
Note
invalidation was for options btw this trade aint overi thought we were heading a bit higher but were getting rejected at the start of my resistance zone which got me ready to go again with puts today at the close
stay safe
Note
in staying safe i mean if you play options keep your position sizes small and go big or go home, i target big reward and keep risk small via position sizingotherwise holding short until we approach a new ath or i get my 53% drop m i n i m u m
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.