This is what happens to a society when every human becomes wired to their phones 24/7.
Only the Lonely
Slope of Hope Blog Posts
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.
Insights from My Fake Longs
Hey, stupid! Why not just buy longs and be done with it?
Yep, that’s the kind of cruel query I pose to myself after times like, oh, the past eight trading days (kicked off on the morning of 9/11, appropriately enough, when Jensen Huang talked up his own stock and kicked off a multi-trillion-dollar worldwide equity rally). The lifetime-highs-every-day rallies we get compel me, from time to time, to put together hypothetical “what if I just bought a bunch of good-looking stocks?” portfolios and track them over time. I’d like to share this updated data with you now.
The construction of these portfolios is easy to explain: I go through all my charts as I normally would, and I try to pick out the very best setups. Here, for instance, are a dozen stocks (a pretend $120,000 portfolio evenly divided into starting $10,000 positions) that I “bought” on July 31st. As you can see, in spite of us being at lifetime highs, it’s a mixed bag: 5 winners and 7 losers, yielding a small loss and an annualized -3.1% return.
(more…)PTSD Friday
Good morning, everyone. That’s not something I would have typed yesterday, and given my experience twenty-hours ago, I was bracing myself for God-knows-what this morning. For the moment, at least, everything is down (ever, ever, so slightly) as we’ve been during a very slow burn all night long leading up to this massive OpEx day.
The Rule on the Hill
I’d like your help, and it’ll be helpful for us both to do so.
I’ve decided to bring back a list of Trading Rules, which has missing from Slope for years. I’ve taken a good crack at it here, with ten rules I’ve created, and I’d like you to examine them and tell me:
- If you’re found any errors (Violet will probably save the day on this one)
- If you think any aren’t worthy of being included
- If I’ve left out some oh-my-God-how-could-you-forget-this rule that you think should be included.
Please give it a close read and let me know your thoughts in the comments section below!
Even the Bears are Bullish
I read as much as I can, and I’m fairly familiar with regular contributors at the sites I visit. There’s one chap, Graham Summers, who has an outfit called Phoenix Capital Research. He has a well-earned reputation on Zerohedge for being apocalyptically bearish. He makes me look positively even-tempered in comparison. Most recently, however, there’s been a 180 degree change.
