Competitive Markets are Competitive
Updated
Nice surprise today! I shorted at bell ring but not holding it. Closed after hours.
For the swingers, you're dead already.
For the noobs, you're wrong.
For the intraday warriors, it doesn't matter, you'll make money no matter what.
Competitive markets (BIG MARKETS) hunt liquidity.
Breakouts from ascending channels retest.
That means your ludicrous stop loss and "I know what the market should do" mentality will get you raked over the coals. Only the fittest survive.
The market is full of pavlovian dogs. "They" ring the bell, you come running in, salivating.
You say "the market only goes up!" because you got a cookie every time you said it.
And to all the confident shorts on the breakdown, you think you know what the market should do. It should go down. Respect the market. It will go and hunt your stop and humble you first.
I expect absolutely MINT trading conditions. Market will likely drop, build liquidity higher on the short interest, and go jab it out for a final hurrah and H+S setup. Maybe even higher again? There is always that last rip up where you think "oh yeah it just goes up forever" because you're the last, most basic schtick, you hold the very top of the the market when every fund has sold every position to ever simp on earth hoping to get rich.
But M2 is expanding, so maybe just so much money will be printed and spent by the US gov't that it looks like you are winning as inflation lifts all markets all the more, without any real gains.
Because there are so many chartists utterly detached from reality, I do expect some nice rallies in the downtrend. I'll keep selling into you on the rips. I'm sorry if that's you, but I appreciate the liquidity in those moments.
Expect the unexpected. Greed is in the market but the smart money is spending to get the market up only so they can sell it back after the lift.
"We'll just sell to those breakout idiots." - Quote from an actual fund manager.
For the swingers, you're dead already.
For the noobs, you're wrong.
For the intraday warriors, it doesn't matter, you'll make money no matter what.
Competitive markets (BIG MARKETS) hunt liquidity.
Breakouts from ascending channels retest.
That means your ludicrous stop loss and "I know what the market should do" mentality will get you raked over the coals. Only the fittest survive.
The market is full of pavlovian dogs. "They" ring the bell, you come running in, salivating.
You say "the market only goes up!" because you got a cookie every time you said it.
And to all the confident shorts on the breakdown, you think you know what the market should do. It should go down. Respect the market. It will go and hunt your stop and humble you first.
I expect absolutely MINT trading conditions. Market will likely drop, build liquidity higher on the short interest, and go jab it out for a final hurrah and H+S setup. Maybe even higher again? There is always that last rip up where you think "oh yeah it just goes up forever" because you're the last, most basic schtick, you hold the very top of the the market when every fund has sold every position to ever simp on earth hoping to get rich.
But M2 is expanding, so maybe just so much money will be printed and spent by the US gov't that it looks like you are winning as inflation lifts all markets all the more, without any real gains.
Because there are so many chartists utterly detached from reality, I do expect some nice rallies in the downtrend. I'll keep selling into you on the rips. I'm sorry if that's you, but I appreciate the liquidity in those moments.
Expect the unexpected. Greed is in the market but the smart money is spending to get the market up only so they can sell it back after the lift.
"We'll just sell to those breakout idiots." - Quote from an actual fund manager.
Note
Oh I want to say, if Trump gets in he may throw out JPow and set interest rates to 0% so if you are from the future, use US100/USCPI to ensure you're looking at real numbers. Real dollar nasdaq has a double top w/ 2021, check my other idea. You only think it's at an all time high.Note
yeah I'm pretty split right now - either the dollar dies or the market dies. Pretty much hinges on the election.
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