Financial topics

[richard5za]

Today is the low of a panic cycle. The question therefore is how to take advantage of that - what to trade. My thought Friday and this morning was to look for a segment of the market that appeared to be in a temporary state of irrational panic. What I mean by that is usually in these cases there are good long term reasons for something to have gone down but there is an exaggerated flush at the low. Snap was one stock I considered and I traded that one on Friday. The report wasn't really that bad and I read an interview I think with a CFRA analyst where he said he was surprised at how much the stock was down on the report. One possible candidate for today is long term bonds. I picked Alibaba stock and am already out with the stock up about 7% off the low. I don't want to hold the stock because it's a Chinese company and who knows what will happen longer term. And, for that reason, I don't buy much. But I thought the reaction to the news was very extreme.

Now I see Snap is up another 9% today. I got out on Friday and hadn't even looked at it today until I finished writing the above paragraph. I got out when it was up 3-4% from Friday's low.

In the current market I am finding low profit targets much more reliable, just scalp a little bit and do more trades. Yes, you might take 2% and then it goes on to 9% Who cares if you are making your daily / weekly profit targets with lots of trades. The other consideration with longer times between the opening and closing of trades is that whilst "your line is in the water" there are less funds available to do other trades

[richard5za]

Yes, and BTC will take a share of that new era realization, and got to ATHs again as well.

Are you sure that you are not married to BTC?

[Higgenbotham]

Today is the low of a panic cycle. The question therefore is how to take advantage of that - what to trade. My thought Friday and this morning was to look for a segment of the market that appeared to be in a temporary state of irrational panic. What I mean by that is usually in these cases there are good long term reasons for something to have gone down but there is an exaggerated flush at the low. Snap was one stock I considered and I traded that one on Friday. The report wasn't really that bad and I read an interview I think with a CFRA analyst where he said he was surprised at how much the stock was down on the report. One possible candidate for today is long term bonds. I picked Alibaba stock and am already out with the stock up about 7% off the low. I don't want to hold the stock because it's a Chinese company and who knows what will happen longer term. And, for that reason, I don't buy much. But I thought the reaction to the news was very extreme.

Now I see Snap is up another 9% today. I got out on Friday and hadn't even looked at it today until I finished writing the above paragraph. I got out when it was up 3-4% from Friday's low.

In the current market I am finding low profit targets much more reliable, just scalp a little bit and do more trades. Yes, you might take 2% and then it goes on to 9% Who cares if you are making your daily / weekly profit targets with lots of trades. The other consideration with longer times between the opening and closing of trades is that whilst "your line is in the water" there are less funds available to do other trades

Seeing Snap and Alibaba moving well after closing those trades for me serves as confirmation that I picked good low risk trades. There's the famous quote, "You can have the first 20 percent and the last 20 percent and I'll take the 60 percent in the middle." For me the first 20 percent is the low risk and what I prefer to do. Those who do the 60 percent in the middle and the last 20 percent, I applaud them. Whoever bought my Snap or Alibaba, job well done. It's not the risk I prefer to take or the risk that I'm good at taking.

[Higgenbotham]

I'm going a little more short here with the S&P down 6. I don't know if the market can shake off the Google and Microsoft earnings news. One wouldn't think so. But at least near unchanged today the market should dip back before moving higher, if it is really going to move higher.

[richard5za]

I'm going a little more short here with the S&P down 6. I don't know if the market can shake off the Google and Microsoft earnings news. One wouldn't think so. But at least near unchanged today the market should dip back before moving higher, if it is really going to move higher.

On a 30 minute chart the 15ema has crossed the 50 ema strongly; 10:53 am Eastern time. Looks like another up day

[Higgenbotham]

I'm continuing to add shorts as the market rises. At 3890, if it gets that far, I will have doubled my position from where it was yesterday. So far I have added 70 percent. It may be that the Nasdaq will be the index that will test unchanged.

[richard5za]

Its a down day after all! You called it right Higg

[Cool Breeze]

Yes, and BTC will take a share of that new era realization, and got to ATHs again as well.

Are you sure that you are not married to BTC?

What would your definition of "married to" be? I have conviction and reason to believe in cycles and return, since that has happened many times before. It's possible that it won't ever rally back to ATH, but I very seriously doubt it.

[Higgenbotham]

Its a down day after all! You called it right Higg

If Apple also disappoints tomorrow maybe this high can stick. Until then, the market may just sit in this area.

[Tom Mazanec]

Fed Folds With a Soft Pivot - Ep 850
38,277 views Oct 26, 2022
· Interest rates are the Achilles’ heel of this bubble economy.
· Shelter costs are going up, even if housing prices are going down.
· Gold will be gaining value as the dollar loses value.
https://www.youtube.com/watch?v=OR9Dj5I09cM