Generational Dynamics Forum - New Site

Higgenbotham wrote: Mon Oct 24, 2022 1:25 pm 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.

Cool Breeze wrote: Mon Oct 24, 2022 12:04 pm
Yes, and BTC will take a share of that new era realization, and got to ATHs again as well.

richard5za wrote: Wed Oct 26, 2022 5:36 am

Higgenbotham wrote: Mon Oct 24, 2022 1:25 pm 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

Higgenbotham wrote: Wed Oct 26, 2022 10:24 am 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 wrote: Wed Oct 26, 2022 9:10 am

Cool Breeze wrote: Mon Oct 24, 2022 12:04 pm
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?

richard5za wrote: Wed Oct 26, 2022 3:07 pm Its a down day after all! You called it right Higg