$1,000 follows their calls into $1,035
Felipe Guirao@FelipeGuiraoThis is an awesome write-up by @KobeissiLetter, highlighting a special market condition labeled as a "Bull-Bear" market. The thing is, this is nothing new. It happened before, and it completely supports the point WHY I'm trading a portfolio of 3 strategies (breakouts included).
Felipe Guirao@FelipeGuiraoFinally someone using data to back up the fact that there is a much higher probability of a move higher than a bear market crash here, and not just spreading fear for the sake of it. If you judge where the QQQ would be based on sentiment, we would be looking at a bear market
Most Ridiculous Chip Market Ever@MRBullMktEverWe’re 1.5% off of the SPX all time high and you’d think we were down 20% based on sentiment on here. The past times NYSI has been this oversold or more 9 out of 11 times it has marked a bottom. Minimum rally was 15% back to new all time highs. This ain’t the top.
Felipe Guirao@FelipeGuiraoPeople have a hard time understanding that sometimes the best thing is to do NOTHING. This comes from a lack of understanding of how trading/the market works. Let me give you an example. I haven't taken a breakout in a long time now, but here is the catch: • not because I
Felipe Guirao@FelipeGuiraoHere is my market timing model for trading momentum breakouts. When you trade momentum breakouts, having a timing model can hugely impact the overall profit, and most importantly the drawdowns. It's important to understand that even the best-looking momentum breakout trigger
Felipe Guirao@FelipeGuiraoSo many people having a hard time with trading this market, being impatient, and getting frustrated. but this is how the market really works. Setups work well when the market supports it, and not all setups/systems work at the same time. Breakouts are my bread and butter, and
Felipe Guirao@FelipeGuiraoTrading multiple setups is one of the smartest things you can do when trading stocks Here is the raw truth: we are 100% dependent on the market phase for the setup/system you trade. No exceptions. • If you trade breakouts, the market favors those heavily a few times a year.
Felipe Guirao@FelipeGuiraoTrading multiple setups is one of the smartest things you can do when trading stocks Here is the raw truth: we are 100% dependent on the market phase for the setup/system you trade. No exceptions. • If you trade breakouts, the market favors those heavily a few times a year.
