“There is a battle of two wolves inside us all. One is evil: it is anger, envy, greed, arrogance, jealousy, resentment, lies. The other is good: it is joy, peace, love, hope, humility, kindness, empathy, truth. The wolf that wins? The one you feed. —Cherokee proverb”
VTI total US stock market etf with SMA200 mega trend channel (SMA200 is center green), SMA50 bull/bear trendline, 50 day H&L pivot price print & tickerTracker MFI oscillator set to 50 with VTI, SPY, QQQ, IWM & DIA. March 23rd, 2020, was the bottom of the Covid market drop. There will be a bottom and a bullish reversal at some point. Within the next 24hrs-3 days this is a screaming buy for investors.
Hello dear traders. It's bittersweet profiting on short trades under these circumstances. Meaning I thought hedging with puts was smart since the beginning January downtrend. But now since Feb 17th profiting on puts because of wacko Vlad attacking the good Ukranian people just doesn't sit well with me. It feels off, kind of unethical. If you want to short something short oil people or at least trim your position and find profit elsewhere. I think it'd be fantastic if traders & investors flip the script and go long soon any day now steady uptrend till at least 3/16 FOMC. lol.
Showing solidarity and bravery against this geopolitical crap. Everyone's chicken out there trading out of fear. I know that I have to listen to the market and trade accordingly for precision to consistently profit. But I'm over it personally by feelings I'm saying. Anyways, not to write a philosophical decertation. But for example, everyone piling into oil driving the price up exponentially is stupid for society, yet a smart easy profitable trade. What are your thoughts about this juxtaposition of trading for obvious profit in conflict with what's good social behavior?
It's really the Wallstreet fat cats, Hedge funds, Institutional investors & Fund managers who are pushing the market movements. We retail traders just have to react and trade accordingly for profit. It sure would be great to see a bullish reversal within the next few days. I'll be paying close attention as always and trade on technicals when fundamentals are not in play, yet reluctantly short anything except oil, RSX & RUB anymore. I'm calling on Wallstreet, Hedge funds, Institutional investors and Fund managers to change course ASAP.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation
7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list
After a gigantic delta play yesterday, it's Looking sidewaysish to burn straddles and strangles, naked calls and puts till 3pm, maybe a theta play for most of the day until 3pm., then release the spreads. Just speculation, nobody actually knows, lol.