If you’ve been dropping by the lair for more than a few weeks then you probably know that I’ve been a huge Metallica fan since the mid 1980s when they released Master Of Puppets. So the other day I’m at the gym listening to some testosterone inducing station on Spotify. And out of the blue ‘Moth Into Flame’ pops up, which confused the heck out of me as I had been completely unaware that Metallica was releasing a new album. I thought to myself ‘wait a minute, this sounds like some of their old stuff but somehow I must have missed this one‘. You can imagine my joy when I later realized what was actually going on.
Over the weekend I had a bit of time to reflect on the past year or two, and in particular how increasing randomness and intra-day volatility has affected market sentiment as well as participation right here on the blog. Quite obviously the comment section has become noticeably quieter with less active participants and more sporadic discourse, especially compared with just a few years ago. Which in my mind is a clear sign that more and more retail traders have been relegated to the sidelines; either by their own choice or by being forced out.A Market In Flux
As a financial blogger I have the dubious pleasure of talking to quite a few traders across the gamut on a daily basis [...]
We’ve got a lot to cover today, so I will spare you the pleasantries and dive right in. Yesterday’s session once again must have been frustrating for many participants due to a continued lack of direction. But I expect resolution to be delivered swiftly and brutally as the equities are now coiled up like the proverbial snake.
Today’s the last session of August and the expected EOM candle wrangling will obviously add even more fuel to the already explosive cocktail of intra-day volatility we had to up with all summer. Part of what transformed me into the humble host of this evil den of market domination is my passion for technical analysis, my quest to recognize and act upon the most probable scenarios, and last but not least my ability of aiding my audience in maintaining an edge on a long term basis. This blog thrives if you do and you are only as good as your last trade. However keep in mind that ‘being good’ in trading does not always mean winning. Sometimes it just means surviving [...]