lol, the Dow has rallied 6000 points since last month. Ofcourse could go higher but not a very good Risk:Reward from here.
One of us said go long when the market was down. One of us said it only after the market has rallied extensively, missing tons of upside. I think everyone knows who is who.
I believe the best social network for buy and sell tips is the market itself. Anything else is just noise, biased and incomplete information. Since Oct 12th on the SPY We had 1 lower low vs 4 higher low. Should be speaking by itself.
I'd rather buy more expensive with a better R:R Than to buy cheaper with a looser R:R Price is meaningless in itself, So is his bullish call. Talking reward without risk is for daydreamer. It's like recommending betting on X without knowing the payoff. Daydreamers ...
Very confusing advice, isn't it? What he is effectively saying is he is back into zero-risk mode, because he has a perceived 60K unrealized profit, and so doesn't care what calls he makes. He is using zero macro analysis to advise us all.