Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I wrapped up deploying my cash this morning. I am all in. Of my many positions, there is a certain class of them which are gargantuan rounded tops that I believe have particularly good downside potential in terms of good old simple raw dollar value to lose.
From $100,000, in a matter of half a year, I’ve built up a nice nest egg within Slope virtual trading.
It’s fascinating how pop culture can intersect with the financial markets.
Early in 2021, Dogecoin was all the rage, and one of its main proponents, Elon Musk, was surprisingly slated to host Saturday Night Live. The boys on reddit figured this would be just what the doctor ordered to launch $DOGE into the stratosphere, since Elon would pump it up on the show. Thus, the 19 year olds loaded in. A contrarian would assume that, paradoxically, Elon’s presence on SNL would not only not mark a new bull market in the coin, but in fact be an important top.
And it was. But, uncannily so. Elon’s SNL gig wasn’t merely the same month as the DOGE top. Or the same week. It was the same goddamned DAY (almost to the millisecond). The odds of him nailing the precise top, with the coin having traded thousands and thousands of days, is vanishingly small. But………..
(more…)Time for a bit of a victory lap, even though it’s about a post from just Friday. On that day, I did my Range Exhaustion post for Gold & Platinum members, suggesting that the measured tool in SlopeCharts was indicating the good prospect of a fall in the metals fund XME:
