@TheJoeySwoll Im 45 and my wife and I still like to go out dancing once in a while.
We have always liked dance music
I too worry we would get judged but never less we always have a good time together
Fear & Greed Index just hit 10 out of 100.
That is Extreme Fear territory. Why it matters?
Fear and greed are the twin passions that drive every market. Technicians have called them by other names for a century - overbought, oversold, support, resistance. All of those are visceral responses to price.
The Fear & Greed Index just turns it into a number.
It is built from 7 components: market momentum, stock price strength, breadth, put/call ratio, VIX volatility, safe-haven demand, junk bond demand.
Each one measures whether money is running TO risk or AWAY from it.
Right now every component is signaling away.
The trap most retail falls into: they buy Extreme Greed because everyone is winning, and they sell Extreme Fear because everyone is losing.
That is exactly backwards.
Fear & Greed is a contrarian instrument. Extreme Fear is when smart money quietly accumulates because panic has driven prices below value. Extreme Greed is when smart money quietly distributes because euphoria has driven prices above it.
But here is the nuance: it is a sentiment instrument, not a timing instrument.
Extreme Fear can stay extreme for weeks. Sometimes months.
It tells you the regime, not the day.
So at F&G = 10 today, the message is not "buy now." The message is "the accumulation window has opened. Watch for the structural confirmation."
The bottom prints when no one wants to call it. The screen is already showing you that nobody wants to.
Got it?
I don't net short with leverage. Nothing against people who do it well, and there are some that do and are very talented. It's just not my strength and not my style. If I'm bearish I go to cash, or hedge spot a little bit. You will see me disappear during those times bc I'm just not trading.
The math is why. Longs can go to infinity, they are uncapped on upside where as shorts are capped. Essentially best case it goes to 0 and you make a 2x.
SNDK did 60x or so in the past year. 50% fall pays you 50% whether you nailed a parabolic top or shorted something like ETH which has already been cut in half if it fell in half now. The short doesn't care how extended the move was. People who've been trying to call tops with levered shorts, well, it's typically an ego thing. More often than not. it's better to short the thing that has been performing like crap anyways. idk what the obsession is with shorting strength repeatedly
Then in equities you have other things that go against you. It's carry. Shorts bleed, you pay the borrow, pay the dividend, fighting stock buybacks, inflation, etc. The timing has to be pretty precise. And then there are naked shorts, where you end up shorting something and end up losing 3-4x the amount you invested. Short MU at $250, it goes to 1k. It happens all the time.
It is so much better to just have a few good plays, and then every once in awhile you find a high conviction bet to really just push to the max. Even for me, most trades I take are pretty consistent, and once a year I hit a trade that makes up like 70% of my years gains bc I knew it was the one. But that's just my style.
A look at #Bitcoin historical bottoming pattern using Fibonacci levels
2013 - 2017 - 2021 - Present
Fibonacci instant reversal zone has never failed to be the EXACT bottom.
Will this time be different?
@CharlieCo15989@Dearme2_@DearS_o_n Same here, we achieved that goal but after a while that wasnโt what she wanted and she felt like a slave to us although I helped with the house chores as well as working
Sheโs back doing a low paid part time job and loving it
While Australians are tightening their belt, the government isnโt.
They continue to waste billions on net-zero projects, higher immigration and divisive departments like Aboriginal affairs.
Government over-spending is making inflation worse, which means youโll pay more on your mortgage.
Itโs time for the government to get their spending under control to fight inflation.