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Futures down regardless of Sentiment


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#1 pdx5

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Posted 12 June 2022 - 05:57 PM

 
 
 
 
 

 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#2 fib_1618

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Posted 12 June 2022 - 07:00 PM

As we have seen over the last several months, what people say and then actually do with their money can be an emotional wildcard in this area of analysis.

 

Like everything else technical, you just have to go with what the market gives you to work with, and then do your best in making the correct call.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#3 pdx5

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Posted 12 June 2022 - 07:18 PM

As we have seen over the last several months, what people say and then actually do with their money can be an emotional wildcard in this area of analysis.

 

Like everything else technical, you just have to go with what the market gives you to work with, and then do your best in making the correct call.

 

Fib

I am 82% flat,, began nibbling longs in index funds couple of weeks ago on days when market is down big.   Can't make any money by staying out of the game.


Edited by pdx5, 12 June 2022 - 07:20 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 fib_1618

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Posted 12 June 2022 - 08:35 PM

 

As we have seen over the last several months, what people say and then actually do with their money can be an emotional wildcard in this area of analysis.

 

Like everything else technical, you just have to go with what the market gives you to work with, and then do your best in making the correct call.

 

Fib

 

I am 82% flat,, began nibbling longs in index funds couple of weeks ago on days when market is down big.   Can't make any money by staying out of the game.


In this casino, capital preservation is far more important than capital appreciation.

It’s always better to pay attention when things “don’t work” then to play the game of slippery slopes.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#5 MDurkin

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Posted 13 June 2022 - 12:54 AM

 

 

As we have seen over the last several months, what people say and then actually do with their money can be an emotional wildcard in this area of analysis.

 

Like everything else technical, you just have to go with what the market gives you to work with, and then do your best in making the correct call.

 

Fib

 

I am 82% flat,, began nibbling longs in index funds couple of weeks ago on days when market is down big.   Can't make any money by staying out of the game.

In this casino, capital preservation is far more important than capital appreciation.

It’s always better to pay attention when things “don’t work” then to play the game of slippery slopes.

 

Fib

 

Couldn't agree more.



#6 pdx5

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Posted 13 June 2022 - 04:29 AM

All depends on time horizon to hold longs. For ST trades it is counter productive to buy longs in a bear market. My trades are strictly long term. 1-3 year horizon.
In the past I have done well to begin buying longs after 15-20% drop from 12 month highs. Bear markets usually are much shorter duration than bull markets. Buying early results in earlier long term taxable gains when the bull market resumes. I bought early during 2020 crash as well and the selling was all at mlong term capital gains tax rate. Whew. Paying tax on 60% gains at short term rates would have hurt awful.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#7 slupert

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Posted 13 June 2022 - 05:46 AM

99

 

 

 

As we have seen over the last several months, what people say and then actually do with their money can be an emotional wildcard in this area of analysis.

 

Like everything else technical, you just have to go with what the market gives you to work with, and then do your best in making the correct call.

 

Fib

 

I am 82% flat,, began nibbling longs in index funds couple of weeks ago on days when market is down big.   Can't make any money by staying out of the game.

In this casino, capital preservation is far more important than capital appreciation.

It’s always better to pay attention when things “don’t work” then to play the game of slippery slopes.

 

Fib

 

90 some odd percent of Americans don't know the importance of a 6 sigma event (2 in 2 billion odds). Even less realize we were at 5 sigma a couple months ago.....be careful out there!!


Edited by slupert, 13 June 2022 - 05:46 AM.


#8 fib_1618

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Posted 13 June 2022 - 06:34 AM

All depends on time horizon to hold longs. For ST trades it is counter productive to buy longs in a bear market. My trades are strictly long term. 1-3 year horizon.
In the past I have done well to begin buying longs after 15-20% drop from 12 month highs. Bear markets usually are much shorter duration than bull markets. Buying early results in earlier long term taxable gains when the bull market resumes. I bought early during 2020 crash as well and the selling was all at mlong term capital gains tax rate. Whew. Paying tax on 60% gains at short term rates would have hurt awful.

 

Sounds like you have been well conditioned by fundamentalism.

 

When faced with capital preservation, you need to have your money consistently working for you at all times...not 2 weeks, 6 months or 3 years from now. Knowing the technical difference between bull and bear market environments will always keep you on the right side of the trend and satisfy this "prime directive". And you can only do that by trading strictly on the directional flow of money. Everything else is just guess work with no real basis outside of hope.

 

Fib


Edited by fib_1618, 13 June 2022 - 06:42 AM.

Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#9 K Wave

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Posted 13 June 2022 - 08:30 AM

And this may not turn out to be your ordinary bear....

 

Never seen this much termite damage...

 

And the Main beams AAPL MSFT GOOGL TSLA AMZN have not even fully broken yet.

 

Wait til you see what things look like when they do.....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#10 linrom1

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Posted 13 June 2022 - 08:57 AM

And this may not turn out to be your ordinary bear....

 

Never seen this much termite damage...

 

And the Main beams AAPL MSFT GOOGL TSLA AMZN have not even fully broken yet.

 

Wait til you see what things look like when they do.....

AMNZ, waiting for $100 like many others. LOL