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.

The GME Canary (by XerxesTraderGF)

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I’ll start off by stating that I am not trading GME. That is to say, I am not placing trades on it directly, but I am certainly watching it intently throughout the rest of the year. My reason is simple. Of all things a trader would want is a window into the mindset of their opponent (the market). And the two biggest emotions which drive the market in either direction is Hope and Fear.

In Bull markets, I was trained to watch price action and a handful of indicators for entries/exits, potential reversals etc. But I was also taught to look at the market leaders, which for the past few years had been FAANG. When looking for big moves in the broader market, one could usually look to the leaders first to see how strong they were. Big strong moves by markets leaders usually preceded and led the market on big strong days. This was all open to interpretation and sounds a bit obvious, but as you get more experienced you start to look for tells in the market versus noise .

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Man Without a Website

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I’m starting to feel like a bit of a stranger on Slope. The reason is there’s so much optimism. I think the reason is simple enough: people have 2009-2021 on the brain. In other words, things were never allowed to get more than a little bad. And the bad never lasted long at all. So even the likes of Slopers have been conditioned to believe that bad news will not be tolerated, pain will not be permitted, and help will always be on the way. Indeed, strolling into the Slope comments section gives me a true Cramer zeitgeist:

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