Midway florida
Posts: 243 since May 2021
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Good morning traders!! inflation commodities memes all heating up as crypto tanks.
buy weakness and sell strength. im looking to long into btc futs here soon if i see a decent bottom.
this is what its like near the end while you are ina parabola. you never know how far it will stretch so dont miss out on it but DO NOT
short into it too early if you do exit fast
what are you going to work on today? everyday you should wake up look at your mkts and say to yourself.. what am i working on today is it patterns
is it psychology is it cutting loss is it making a better entry just work on 1 thing and get great at it and then do it over and over.
I am looking to buy a dip in the NQ off the open if we get it.
russell being run by memes and when they sell off be ready for a russell sell off out of the blue!
in 1999 it was hot ipos going to 400 to 700 a share on ipo day now it is memes.. the chase is on and it is real lately we had a lull but its back now and the major crypto are not part of it....yet. smart players in btc.. shifiting from stocks to crypto crypto to stocks..
potentially we see profit taking every quarter before earnings in btc and crypto as those "hedges" are unwound of thisw new asset class to help corporate earnings disguise well how bad ernings really are!
Yellen keep syellen about taper.. dont think they arent worried and feel a lil trapped. but the taper and perhaps a 50 year bond and a50 year mortgage may be on their way i mean how else can you afford to buy or sort of rent ha ha with an avg house price of almost 400K !!
going to have to shift this debt some how!!
mkt is highly senseitive to rates obviously . tapering will be the beginning of the end of these amazing times. at least for a lil while.
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