Sounds like B1 persisted with his perverse bear market definition and now others believe. tsk tsk... nothing but broken clocks. B1 *HAD* a good call near the July "top". AFAIK, he failed to take ANY profit based on that call. Amazing what passes as good trading these days. Carry On.
anyone recommend easy book to understand options, nothing complex, just for few days swing. etc for hedging purposes, specifically GC.
Basically stocks of companies that are sensitive to the overall economy. Companies that sell products that do well when the economy is expanding and consumers are spending more money. When things start cooling off, they usually lead the way down. They get hammered in a recession. High interest rates really hurt cyclical stocks. Low rates however are no guarantee they will go up, although lowering rates certainly gets consumers to spend more and as such just as cyclicals lead the way down, they oftentimes lead the way back up.
Here is a good article on cyclicals: https://www.cnbc.com/2019/08/13/thi...lay-a-cyclicals-comeback-etf-expert-says.html
Today I was in a prominent E-Mini day trading webinar with live charting and trading. I took advantage of their two day free offering (come-on now, that's being cheap.....one week is more like it). I would say that 80% of the calls were wrong.....and this on Fed Day !!! As the day progressed, it quickly became the poster child for how and why not to day trade. It was quite an eye-opening experience.
Anyone notice how Rickshaw has been conspicuously absent from the thread lately? Just a query. Zero risk.