If you still pay any attention to the incessant clickbait peddled on perma-bear frequented watering holes like ZeroEdge then ‘thank God it’s doomsday’ has probably become your daily maxim since back in 2010, give or take a year. Most likely you are either not a trader or were eventually forced to give it up after watching your account being taken to the woodshed on several occasions. To the more nimble and reality focused rest of us this does however not mean that we should let ourselves grow complacent. After eight plus years of almost continuous upside advances the question bodes as to how much upside we have left here before we’re forced to endure a deep [...]
Alright, so it’s time we take a closer look at the situation across equities. Which is annoying me to no end to be honest any natural laws involving gravity seemingly have been abandoned. It’s not that I want this market to fall as trading up is usually a lot easier than trading down. But while uni-directional market may look like fun on the surface, unless your name is Bill Eckhard it’s a major pain in the rectum for most traders who don’t enjoy buying on the way up.
I remember spending one hour each way in L.A. traffic commuting to and from my job as an engineer. That was about a decade ago or so shortly before I decided to ‘retire’ from the software industry and dedicate myself exclusively to my passion, which of course was trading. It’s been a very turbulent time since that day but as I’m sitting here now in my beautiful Valencia apartment overlooking two gorgeous 15th century buildings I don’t know how I survived that traffic ordeal back then.
No dancing Oompa Loompas thus far and that means we’re still in the game. Both the gold and silver campaigns are looking pretty good this morning so I hope you had a chance jump on board yesterday. Whatever you do keep your hands and feet inside the boat and don’t touch anything! Like Mr. Wonka the market can be rather unforgiving if you don’t know how let your winners run.