LordWrymouth

LordWrymouth Updated 

Bear markets provide exceptionally nice volatility and are a really great opportunity to trade. But because they trade big ranges and go after both highs and lows, humans don't like them. Why? Because people want to push buy on something and have it go up in a straight line with little or no pullback. If that's what you want, go loan someone with good credit...

LordWrymouth Updated 

Something I am aware of is that traders get trapped primarily because they get laser focused on one specific side of the market and one specific price target. This happens either because of greed in wanting to get it allllllll from a winning position or simply being caught underwater. Amazon, a formerly $1+ trillion company by market cap, lost 30% of its value...

LordWrymouth Updated 

I came across this stock because of a Wall Street Journal article focused around some meme traders who were holding bags and bullish despite being on the cusp of a recession and a colossal market crash. So I started to take a look at it. Fundamentally, UPST is down a lot, like all the other r/WallStreetBets and Reddit cesspool pump and dumps. From the...

LordWrymouth Updated 

The truth is that a difficult market will forge a trader (assuming you stay solvent, lol), whereas markets like the 2020-2021 bull run, which everyone so desires to reappear, do not. There is nothing to achieve by buying calls at literally any point, whether high or low, and watching it immediately turn green and run for days. Of course, a lot of people still...

LordWrymouth Updated 

This post is a continuation of a previous post, which is based on a longer-term analysis: Natural Gas / NG - What, Truly, Is a Bull? With Wednesday-Friday and Monday morning's long-awaited dump into the fabled double bottom around $7.4, natural gas can only be considered to have formally shifted into a bearish market structure, based on both the 4H and...

LordWrymouth Updated 

This past week's trading was a good refresher course on what bear markets actually trade like. As opposed to dips during bull runs that suck to short and aren't so scary to go long on because price action continually rips back and makes highs, bear markets will take out a consecutive series of downside lows while terminating virtually each and every rally. At...

LordWrymouth Updated 

When crude was trading at $120 a few months ago, all you would hear on Twitter from people like Javier Blas from Bloomberg and other propaganda pundits is about how the fundamentals of oil are so bullish, because OPEC production is maxed out, the Russian Federation's invasion of Ukraine, domestic demand because summer, the government donating the strategic...

LordWrymouth Updated 

This is a call I wanted to make yesterday, but didn't have time. With the time I had, there was a choice between this and a Nasdaq NS call and made the Nasdaq call: Nasdaq NQ - 8 Days & 1,700 Points But in fairness, I did pick up November options during yesterday's session, so at least I can say that much for myself, since this has some vibes of hindsight...

LordWrymouth Updated 

Before we begin, to substantiate what I'm about to say, I would suggest everyone blow 8 minutes watching this video . Professional bull riders attempted to ride Asteroid 76 times. Asteroid bucked off and stomped professional bull riders 71 times. You should know professional bull riders aren't some Cletus-style hicks. These are professional athletes in very,...

LordWrymouth Updated 

Under normal circumstances, with the Ethereum Proof of Work merge being less than three weeks away, you could regard a swing like $2,000 --> $1,500 as a buying opportunity. However, you should always remember that today, crypto, especially both Ethereum and Bitcoin, have futures contracts and ETFs (The TSX has an Ethereum ETF) being traded by major Wall Street...

LordWrymouth Updated 

I have witnessed much consternation on Twitter over the last months and weeks about how Copper, a critical industrial element, continues to decline in price. All the while, like most other metals, the exchange vaults are being raided of thousands of tons of physical spot, which futures markets need to back short positions. One would think this would result in a...

LordWrymouth Updated 

The terms "bullish" and "bearish" when used on Twitter and TradingView and in the media are more or less just poorly positioned synonyms for "going up" or "going down." Yet, it's a misnomer because some of the craziest pumps you'll ever see are during bear markets, and some of the craziest dump-a-thons you'll ever endure are during the most parabolic bull...

LordWrymouth Updated 

After observing recent price action in addition to the sentiment in trading communities and Twitter, I've been doing some hard thinking about the notion that we are now in a bear market. All the fundamentals say that there's such and such skyrocketing debt, food crisis, inflation, energy crisis, Europe crisis, currency crisis. And all of these fundamentals are...

LordWrymouth Updated 

I hear that the economy is pretty bad right now. So bad that we're in a recession, although the Government doesn't like the word "recession." The real word to describe the situation humanity is facing that nobody is saying yet, however, is "Depression." Here in North America, we aren't quite there yet, but no amount of money printing and astroturfing is capable...

LordWrymouth Updated 

I don't normally pay much attention to Tesla, but when I was eating cake and looking at charts today, I noticed something significant about this stock, and that's on the monthly: Specifically, despite all these months of severe market correction, Tesla has never broken a monthly pivot on the way down from the top. So much so that neither did the June...

LordWrymouth Updated 

After last year's massive heat damage to Canada's fruit crops , there were some cherries I bought at the farmer's market from British Columbia that looked totally fine by any reasonable inspection. Whether you squeezed it, touched it, looked at it, smelled it, or cut it open, everything appeared to be fine. But once you bit into it, it had this twisted, sour...

LordWrymouth Updated 

Bitcoin may not be something that a lot of regulated markets traders pay attention to, and duly so. Digital currencies are heavily centralized in the hands of Chinese Communist Party affiliated entities, and have virtually no inherent, real, or long term value. Yet their price activity often has a correlation to equities and indexes. After all, these do have...

LordWrymouth Updated 

Human beings, especially retail traders, can only really handle themselves in trending markets. Many people, especially the old men, have grown used to mashing buy on blue chip equities or the indexes no stop, and watching it go up every day no matter what. "Bought the top? Who cares? Made 3% this week!" Unfortunately, that money printer tractor pull is no...