I am flexible for my day trading but easily a permabull for investing.
Very simple reasons why
1. Monetary policy targets inflation so money is always being created. Any sort of policy will always be aimed at creating wealth and not destroying. I don't need a chart to tell me that, hence I am always a permabull.
2. Betting against the market is betting against monetary policy. I trade on the side of big money.
I'm a bear, because a bear market creates the most opportunity.
Aside from the positive gearing I've got no idea where the market is going- no one does.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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this is probably geared towards people with equities exposure or doing portfolio management. For a day trader probably there should be no strong bias...well could be wrong. anyways have been more into equities exposure from 2014 while trying to firm up ES bad habits.
anyways am a bull just due to optimism, but seen that the market has already given 10-15% gains already for the year if cashed out, another 10-15% from here is not too bad. anyways currently do not have long term exposure....and could be wrong footed here. But also believe in a bull market the market typically gives a good entry on retracements. am actually out as i see few of my momentum equities acting like a dud.
markets seem a lil strange.....and not in a hurry to get in especially at this time. as mentioned willing to be wrong footed. lol am a bull but will let the real Big Bulls take this ahead.
also gone into some research and observations on ES trying to identify under the hood sells which is working quite well in the sense big sells in a day or AHs which is my concentration or big buys in after hours or in a day.
well in 2011 the market needed a good 2 months to retest the lows. 2015 maybe different...as we may have already seen the lows or maybe not ...from my standpoint there has been good liquidation since the early Junes.
well if she heads much higher that is 2050 and can maintain above...will try to get into equities again. and if she drops during this historic time will try and look for signs to get in.
well just a few observations into prior yrs especially 2011 reference which in true sense had the R word over it and 2015 which still does not. There seems to have been great Troughs in this Sell...so she might be good for the bounce if the Bulls can take this....else a liquidity crunch if she heads lower....well will not anticipate as am out of Pos and waiting to see what She does.
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