When you have traders relying on the lies and disinformation by ET trolls, in addition to lies by hacks on CNBC and Bloomberg, they only have themselves to blame. Do your own due diligence and use your heads. Trading is a lot simpler than you think. Anyone spreading lies and disinformation, you should block outright so that, you do not see their BS posts. These guys feed on the attention you give them and fattens their egos. Ignore the chicken littles, ask yourself, are these ET trolls, highly successful traders, you should even believe or are they just clueless idiots?
Most people lost money for failing to take correction / reversal / U turn. When they miss this good opportunity, they started to get mad/angry/frustrated/furious & have sleepless nights. Then they started to do revenge trading and all sorts of trading mistakes. correction/reversal/U turn - price goes up massively. Then price reverse direction, and go down massively. and vice versa.
& still sharp. Wonder how much capital he helped to accumulate over the years, through his teachings. Would be a thing to know.
there are a lot of terms coined by investors. they talk about swans and clouds and falling knives and those things. terms coined by investors are not suitable for traders.
Corrections happen on all time frames ... and everyone ummm most everyone (traders or investors) understand the correct usage of the word. Haven't you ever heard that markets are fractal? Most traders and investors I've dealt with have - so a correction can happen on any scale. But it is always counter trend regardless.
I think any intelligent person who is eye candy and knows enough to be dangerous, can be a pundit. Think of all the deceptive 1/4 truths one could spin to those greedy for information for easy money. Now with the internet anyone can be a pundit. It is just another form of (financial) conclusion shopping. We should start a thread call "believable BS". It would be VERY long.
peter lynch ran one of the most successful mutual funds for decades. He might be one of the top five investors since the Great Depression. he wouldn’t fit the definition of “eye candy and knows enough to be dangerous”
Nobody likes a drawdown sure, but the problem with gay bears(and there are a lot of them on ET) is that they cannot do simple math. You buy XYZ asset at all time highs and it doubles. Now that asset halves. Ignoring opportunity cost(which is real but not the point here) what has the loss been from the initial entry price? Let's try another scenario: You long XYZ asset @ 100 and it doubles. That's a 100% gain. You then short XYZ asset @ 200 and it collapses to 20. That's a 90% gain. Which number is larger? 100% or 90%? To sum up, gay bears can go get fucked. Yes that's you @S2007S and whoever else is in your permabear gang.