I just came back to my house. There are 4 police cars and 6 police officers in my home. The front door had been knocked off the hinges, stuff everywhere, and apparently they were looking for something. So I’m stuck outside with this police officer and they are inside searching through everything, even our laundry.
They checked inside my closets under my mattress. They tore my things apart. So, as you can imagine, I’m getting upset, and I’m trying figure out what’s going on.
I asked if they had a search warrant, and if I could see it.
The cop in my bedroom yells, “Where did you hide it at? We know it’s here! We are searching.”
Then I yell back, “If I had an idea of what you’re looking for sir, maybe I could help!” He shoots me the “you wanna go to jail?” look, so I shut up and watch one of the other police officers look down at his phone.
Then he shouts, “Guys Stop! Hold on. We’re in the wrong house! The #Pokémon is next door!”
The above post got a lot of attention on my facebook personal page – I got so much heat from my family and close friends, I could relate to why most traders have heard the statistics…”95% of traders lose money,” “Only 5% of traders can make a living at it,” or “Only 1% of traders really make money.” Whatever the particular number is from recent studies, the fact is, many traders will lose money and it simply cannot be avoided. All sorts of reasons are given for it, such as poor money management, bad timing, bad government policy, poor regulation or a poor strategy.
These are all well and good, and some of those do definitely play a role in individual trading success, but there is a deeper reason. A deeper reason as to why most traders will lose regardless of what methods they employ, its simply not understanding the truth, that the market is probably rigged, probably setup this way!!
Retail traders fall in the pitfall of listening to other friends, fellow traders who bought the stock that went from $20 to $200 (or whatever number %) and analysts all over the TV saying it is, then you feel that you are missing out, to only jump in too late!!. Or they might decide to wear a bear hat, just because they are skeptic and want to be contrarian, to find out that they lost shirt shorting on a breaking out stock.
If you fell for the above joke, like I did, feel free to share this post. Don’t take life too seriously, and enjoy your day.
Oh and Remember this chart?
Many traders felt that we are at the top every time we hit record all time high
Market is quite this morning, with no change to the trend as the Intraday for $ES_F as follows:
240 minute is Bullish
60 minute is Fast Line Over Bought
Vector Vest indicator AD : 1.82 Bullish
In Conclusion for today – its Mixed – no clear edge for Daily swing trades. will be looking for scalp opportunities. There is no sync for 1st 15m trade
Trade setup for the AM session, as the 30 minutes turned DOWN TREND, it would help if Bonds go Up north for further Action in the Indexes.
Notable Underlying – High IVR (above 50), IV (above 15), and no future earnings within 45 days (source: TastyTrade)
Daily $ES_F Chart Show in a squeeze that may Run higher..
As the DOW and S&P 500 making new all time high. There is also the most hyped tech IPO of 2016 is living up to expectations. Twilio inc. the cloud computing company is up 200% since IPO, good call from Jim Cramer.
Tuesday, 9 Aug 2016 | 4:06 PM ET
Jim Cramer said on Tuesday that the cloud communications company Twilio is the future of cloud computing as demand for its services rises.
Marc Faber once again brings his dim view on the stock market and this time he takes on Tesla $TSLA.
He believes that due to fierce competition, the stock will stand no chance but to go back to ZERO. Is this another classic false titanic alarm?
“What they produce can be produced by Mercedes, BMW, Toyota, Nissan. Anybody in the world can make it eventually, at much lower cost and probably much more efficiently,” Faber said Monday on CNBC’s “Trading Nation.”
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You don’t want to have a boss or to answer call from your work? or
Wanting to retire early and have enough money to travel the world!
Possible solution? The StockMarket!
2 key investment risks
Returns are not guaranteed – While stocks have historically performed well over the long term, there’s no guarantee you’ll make money on a stock at any given point in time. Although a number of things can help you assess a stock, no one can predict exactly how a stock will perform in the future. There’s no guarantee prices will go up or that the company will pay dividends. Or that a company will even stay in business.
You may lose money – Stock prices can change often and for many reasons. You have to be comfortable with the risk that you might lose all of your money when you buy and sell stocks, especially if you’re not planning to invest for the long term. If you use leverage to invest in stocks, like buying on margin or short selling, you could lose more than you invest.
Therefore, you will need to understand the risk of having your hard earned income put in the stock market. Having first hand experience from putting earned dollars into the stock market only to realize painful losses after losses, has to put the importance of understanding what is Risk.
At the beginning of 2013 analysts speculated that the era of Risk On, Risk Off might be coming to an end because there were signs that the US Federal Reserve might be leaning towards ending quantitative easing at some point during 2013.
The market sentiment seems to flip flop back and forth on a daily basis between a “Risk On” and a “Risk Off”. Reading Risk Sentiment is as simple as following the direction of the US Stock Market.
Each day, it seems a new rumor is produced and the stock markets shifts accordingly. The seesaw action can take a toll on a trader’s emotions
Previous: How a Stock Move Translates to a Currency Trade The market sentiment seems to flip flop back and forth on a daily basis between a “Risk On” and a “Risk Off”. Reading Risk Sentiment is as simple as following the direction of the US Stock Market.
RISK ON
In Conclusion, you have to ask yourself, is this RISK worth taking? A lot of people realize when they look back, it seems they were better off spending the hard earned money buying a car or fulfilling any small tangible dream.
