To tell you the truth – I’m a little frustrated with you. Ya’ know…….
I’ve written the articles. I’ve posted the charts. I’ve outlined the underlaying factors, and have even gone as far as to suggest effective methods of protection – should things go South.
But you don’t listen. You don’t care.
You’ve got it in your head that “everything’s gonna be fine” and “scoff” at suggestion to the contrary.
You refuse to consider the fact that you’re not in control, you don’t have the answers, it’s bigger than you, stronger than you, wider than you. You can’t accept the fact that if you don’t make a decision fast……this thing is gonna crush you like a bug.
Well……news for you my friend….welcome to the club!
You don’t think I feel the same? You don’t think I question the same?
Give in to mother market ma man….. cuz she always wins. ……….She always wins!
Best advice I could give…………get to cash.
Stop worrying about the “returns you’re getting”. Aleve the pressure and do some math. Consider 6 months to a year with no exposure to the market – and the amount of money you’d of made…..or more importantly ……the amount of money you’d have lost. It’s just not worth it.
This is a top not a bottom. I can assure you – you won’t miss a thing.
Great to hear from you!! If I understand your post and tweets correctly, you are still long JPY. I realized that there was one overnight to cash in on the short Yen / long Nikkei — Tuesday’s overnight, and I missed it. No worries.
Wednesday, I thought maybe metals would be up, so I went long GDX — quickly stopped out of that trade and went short GDX: 35.50 puts for Friday. That was a healthy day trade, though I did fumble around a bit on timing. Still, I managed to quickly cut losses and turn the funds into profits.
Thought about the Stock Market — both long and short — quickly decided to remain on the sidelines. SP futures before the open “didn’t look right” to me on the long side; short side correction factor was there, but risk/reward told me to not even look at SPX/SP futures at all during the day — way too much action in miners — GDX puts.
Looking at Thursday — Nat Gas inventories are out at 10:00 EDT. Not sure what I will do yet, but I will certainly be watching to see if we get a plunge, around 2-3%. Nat Gas has been consolidating since you wisely took profits on Mar 28. Is it ready for another upleg?
Funny thing about coils and pressure build up and such. In the past five years, I have actually lived more than a year in two places: Yunnan Province, China; and Lake Atitlan, Guatemala, about a year and a half in each. Such extended stays are certainly above my moving average. Both are stressful places to live, but full of natural beauty. Each of those pressure buildups was followed by a trip to Thailand — where my stress level plummeted immediately, both times.
Market pressures work similarly, I reckon!
Kong – Any interest in the 22 weeks squeeze set-up in the AUD/USD pair? This is the longest period of such compression since 04 on a weekly TF. One way or the other once this fires based off how explosive neg or positive fire may well dictate the coming trend in the next 65-90 day & extending for the remainder of 2013. Just throwing this out for discussion… chew it up pick it apart… Right now copper, & financials sector look to be possibly showing early signs of a chink in the armor.
I understand you do not put much weight in such set-ups – however I am still throwing it out there. I have been monitoring this set up for a while & previously posted.
I am also still holding my Aug -puts on the DOW – adding a little here and there since taking the position. This only has my approved of 3% of my total PF with a limit of 5%.
I got short the pair earlier today Schmed….as well – still can’t wrap my head around this “squeeze” u speak of.
At best – a longer term view has it in a massive range between 1.01sh and 1.06sh – and it’s 100% risk related so…..my current view is down,down down.
Hey kong, as a 20 year old college student I was hoping to start studying techniques and opening a fake account.
Any recommendation of a fake account site? Also, something extremely interesting was created last year called “Infinity Prosperity” was wondering if you’ve heard of it and think it is valuable….I believe you pay as you advance for different levels of membership with lessons building on each other until you are done and are ready to trade…naturally I don’t want to spend money on that just yet but it was started by the successful girlfriend of a successful youtube personality and it seems well set up
Wow….great plan getting started at such an early age man…I wish I would have!
Download the Metatrader 4 software – I think from their own site, or any of the many brokers that use it. It’s totally free.Don’t worry about the broker / site – but get started with the software.
I’ve never heard of “Infinity Prosperity” but will go and have a look here over the weekend, and give you my two cents.