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Metaphors and analogies are how I tend to make sense of the world, and a new one occurred to me today between two unlikely situations: the purchase of my company in 2005 and the price of Bitcoin, show below (with an arrow marking the Presidential election).
Greetings from Bermuda!
As you can tell from the title of this post, I wanted to say something about someone who really pissed me off today………….me! Let’s start with this minute bar chart of SLV:
As traders, we know to be nimble, to quickly react when price turns against our thesis.
Last week was a good example of the current dubiously controlled markets – the tape bombs, the announcement of change from the former normal, the next issue that may, in a flash, change the market direction.
The best-looking setups don’t always play out, still, we place our bets from what the charts show us. Win or lose (remembering the biggest winner is a tiny loser), one thing we can be assured of is that the markets will provide another opportunity, directly; wait for it.
(more…)As a card-carrying Amex Platinum member ($695/year fee! Yay!) I find this chart interesting:
Remember this chestnut? I used it constantly during the first Trump term. Some things never change, so I’ve dug it up again, and I suspect it’ll be getting plenty of mileage.
