So let's open up the conversation today.
What do you think about the market?
What do you think happens in the future.
What trading strategies would you like to share?
Conversation
We are coming down from a sugar high. SPX 3500 by the end of the year, but not in a straight line. Probably 4500 first to get people back in long again.
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After what you have shared.. I think the drop will not stop anytime soon.. may be similar to the 2000 dot.com bubble.. there are no good reasons for the market to recover now and stay long anytime soon. Should stick to cash and do abit of day trade.
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We are not even down from the top as much % wise as Dec 2018 and things are much worse now. So drop in AAPL seem like next stop and an even lower market.
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S&P 6000 by end of the year. Volatility will remain high
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SPX probably will bottom around 4k. Slingshot to 6k EOY. Same with Bitcoin 100k EOY
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Do we just stay away from trading SP500 until the market makes the bottom? So hard to trade it lately
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I think the market right now is all about day trades. Holding overnight have been hard because everyday there is a new sector that gets the heat and everything else drops.
In 5-10 weeks, i think we see a big drop. Inflation, war, oil, raw materials is to insane. Recipe for chaos.
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All about following the trend and secure profits. I think oil will have another go, not as big but a bounce for a day or two.Also with the new spending bill that biden signed for cybersecurity might escalate a bounce there to. But who knows.
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1). A lot of speculation and big movements based on media reports
2). I’m only going to trade the top 3-4 hot sectors weekly. If there are no trades then so be it. “A rising tide lifts all boats”….. opposite as well (shorts)
3) worried about a real estate bubble in 2 years
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This is my current trading style. No long holds. Ride the trends and trading 1 risky play with 2 more secure technical trades. And cutting losses quickly as some of the drops are crazy.
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