I called the exact bottom of the Oct 2023 bonds and equities markets, 15 minutes before Bill Ackman.
My Fibonacci strategy was lighting up on $TLT.
I bought 600 weekly call options Monday morning at the open.
Tripled my money and got back into longer dated Dec calls on the next pullback, and later in $AVGO.
This was the start of turning $30k β‘οΈ $732k in 6 months.
Full Story + Proof Thread Below π§΅
Not Financial Advice. Past β Future 1/8
I see a lot of stocks at their 50% extensions or halfway back shorts....
Tough for me to get into a new long here and hold overnight, which means we probably rip tomorrow...
I have to wait
This Nebius interview lives with me. I've watched it over two dozen times. I've never seen Arkady's tone and demeanor like this in the past as he discusses how debt market and asset backed loans are "temporarily" closed.
He sounds under extreme stress and duress as he discusses it and looks almost uncomfortable as he speaks.
Here the end of that interview and how he says this: "We are working with customer advances and several other instruments which will probably provide us enough finance to build this GW"
Stumbles over his words big time as he says "probably can provide" and also just quickly mutters off the end of his sentence.
We will see if this is a sign to come for tomorrow's report, as Nebius has a huge funding gap to reach their plans and only so many avenues to achieve that.
I see a lot of stocks at their 50% extensions or halfway back shorts....
Tough for me to get into a new long here and hold overnight, which means we probably rip tomorrow...
I have to wait
Linda Raschke: Why I Never Scale Out Of Positions
Most traders are taught to take partial profits. New Market Wizard Linda Raschke doesn't. She's all in, all out.
Her logic: if there's a reason to take off part of a position, there's a reason to take off the whole thing.
And look at what scaling out actually does. You take small pieces off your winners, but when you get stopped out on a loser, you get clipped on the full size.
"That does not make sense to me. I'm usually all in, all out. That's my trade."
π¨βTHE REAL MONEYπ° IS MADE IN UNDERSTANDING THE OUTLIERS AND UNDERSTANDING THE ABERRATIONS.β
HOW DO YOU DETECT SIGNAL FROM NOISE?
I love how @LindaRaschke explains this.
You don't need to understand every little move on a 1-minute chart.
π§ GET THE MAIN IDEA RIGHT.
Is it a high-to-low day or a low-to-high dayβοΈπ€
And then look for the unusual stuff.
Huge gaps, insane volume, massive bars or changes in historical market relationships.π§
Linda also talks about something I really like.
She trades the smaller intraday moves herself. Nothing wrong with that.
But the really big money is made when something exceptional happensβΌοΈ
That's where the gold is buried. And that's what you need to be waiting for.
In the meantime, you can play the smaller games. Intraday moves, 1β3 day swings, whatever fits your playbook.
But understand what you're doing during those periods.
The goal is to protect your P&L, avoid giving back your profits and stay ready for the big opportunities.
This really resonates with how I approach my own trading.
Not every day is a day to press. But when the right opportunity comes along, you want to be ready.
Huge thanks to @LindaRaschke for sharing all this knowledge and @WaqarAsim10 for another great interview!
π Bookmark this and share it with other traders, friends! β€οΈ
Fact: Gold and Silver miners (at least the largest and most efficient miners) did not stop mining just because prices dropped. If anything they started and continue to mine marginal property. The price of miners ($GDX) has NOT broken out if the trading range dating back to 2015.
I am prepared to favor miners over bullion, but at a breakout I want to greatly favor the miners. $GDX.GC1!
I will let Factor Members know when this occurs
$SPY is above it's previous weeks open, $QQQ about to do the same... this is looking more like an April bottom now... we'll see next week if there is a continuation