My only goal with this account was to help traders not blindly follow accounts that promise massive gains or worse, pay for that advice, and instead to think for themselves and make plans for the risks they take.
I hope I’ve helped some along that path and wish you all success.
@MarkMleziva Thank you for the message. I’ve considered starting again but I prefer to keep my trading to myself. The ignorance and negativity I receive drowns out kind people such as yourself.
My only goal with this account was to help traders not blindly follow accounts that promise massive gains or worse, pay for that advice, and instead to think for themselves and make plans for the risks they take.
I hope I’ve helped some along that path and wish you all success.
I was going to do the Irish goodbye but figure I owe it to those who follow me to write one last post.
I’ve decided what I receive free m Twitter isn’t something I need for in my life so I’m going back off line. I’ve made this decision before but this time it’s final.
YTD I’m beating the Nasdaq by 25% in my base account, even with recent losses and missing the rally of the last week.
No matter what it’s not enough in the times I’m wrong and the posts I get back negatively affect my trading and me personally. I’ve had enough.
Trading guidelines from the great Stan Weinstein. Ignore all the faux gurus who have twitter spaces, constantly looking for setups. These short term traders who don’t post track records are guaranteed to lose money. You know the type! @leadlagreport @Convertbond
Retweet as this appears to apply this week.
If you have big profits this week from stocks that have crashed 70%+ in the last year, have a plan to profit. Set stops to capture gains if it were to fall back to recent lows. Know and control your risk.
Growth stocks that have fallen 70%+ from highs will take years to recover. Many never will.
There will be sudden rallies that get traders bullish. Some may rally 50% or much more. It will be extremely hard to profit from.
4 I still see pumped: $PTON $PLTR $SKLZ $FSLY
7/15
Bulls feeling pretty invincible after a 4-day rally. To me, this still looks like a short squeeze bounce fueled by OPEX.
I’m still bearish where I see downside potential. Despite the rally, my shorts look fine. $GE $INTC $NOK $BA $XLF
HAGW
I messed up a short term entry but the downtrend continues.
The lists I track are hitting fresh lows:
Crown knowledge August: -53%
IBD Top 10 October: -52%
Sunrise YTD: -36%
Bourbon YTD: -33%
Plus HYG still declining, dollar still rallying. Risk off for me.
I’ve traded this year better than 99% of fintwit. If your reaction is to unfollow after I’ve shared my strategy of how I’ve done it then I wish you the best of luck.
You’ll need it because you won’t be a successful trader if you are that stubborn about your opinion.
I lost a lot of followers yesterday on saying I was making bearish lottery bets during a 3-day rally where I “missed the bottom”.
I may be wrong, but it’s the best way to play the downside risk that I still see as likely.
I’m watching stocks that I believe have the most bullish potential and will share them before I take positions. This includes beaten down small caps due for a real bounce. Some are very bullish now, but are also likely to pull back.
That’s my desired entry. Riding an uptrend.
Just noticed my sentiment indicator popped in to give another reading. I guess he only quitting the days he’s down.
He posted after the decline bounced of course.
Here’s how I’ve decided to play this so far… I’m buying lottery puts to capitalize if there is a steep decline very soon. I am playing with profits and am prepared to lose the entire position.
Other than that I may play some bear ETFs, but am more inclined to look to go long.
Here’s how I’ve decided to play this so far… I’m buying lottery puts to capitalize if there is a steep decline very soon. I am playing with profits and am prepared to lose the entire position.
Other than that I may play some bear ETFs, but am more inclined to look to go long.
I always watch the things that have had the most extreme moves recently to see if the current trend may be changing. #oil and $BABA are two examples in the headlines. #Lumber also made a significant move yesterday.