Lancaster Posted March 4, 2021 Share Posted March 4, 2021 8 hours ago, nuckin_futz said: Do you guys consider yourselves investors or active traders? If you're investors then carry on doing what you're doing. If you're active traders you need to think about incorporating some short selling into your game. There's no need to limit yourself to trading in one direction. There's no need to fear the futures in the evening. I don't know anyone who is successful long term in trading who doesn't do at least a little short selling. I do have a longer-term position, but I do swing trading. Link to comment Share on other sites More sharing options...
Down by the River Posted March 4, 2021 Share Posted March 4, 2021 ARKK hit my stop loss today. Link to comment Share on other sites More sharing options...
inane Posted March 4, 2021 Share Posted March 4, 2021 bought today, we're near/at the bottom Link to comment Share on other sites More sharing options...
Tortorella's Rant Posted March 4, 2021 Share Posted March 4, 2021 14 hours ago, AriGold2.0 said: Ugh.. Futures red AGAIN.. Please make the bleeding stop.. I'm starting to feel like this guy... People like that all over WSB crying about how they lost money/their savings on GME. One guy says he's out 200k. 1 Link to comment Share on other sites More sharing options...
nuckin_futz Posted March 4, 2021 Share Posted March 4, 2021 (edited) Powell speaks. Bonds drop like a rock, yields surging. Powell really isn't qualified to do his job. Oil +6.1% to $64.78 because that's not inflationary. Edited March 4, 2021 by nuckin_futz 2 1 Link to comment Share on other sites More sharing options...
KoreanHockeyFan Posted March 4, 2021 Share Posted March 4, 2021 (edited) Oh shoot, I forgot Powell was speaking today. Anything of significance? Bond yields pushing 1.5 again. Edited March 4, 2021 by KoreanHockeyFan Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted March 4, 2021 Share Posted March 4, 2021 30 minutes ago, nuckin_futz said: Powell speaks. Bonds drop like a rock, yields surging. Powell really isn't qualified to do his job. Oil +6.1% to $64.78 because that's not inflationary. Trump replacing Yellen with Powell was not a smart move. Should have kept Janet Yellen. She did a much better job than Jay Powell, especially when it comes to communication. 2 Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted March 4, 2021 Share Posted March 4, 2021 anyone buying the dip in Tesla, currently down by more than 6%, stock price now at 615 US-$. Link to comment Share on other sites More sharing options...
nuckin_futz Posted March 4, 2021 Share Posted March 4, 2021 5 minutes ago, KoreanHockeyFan said: Oh shoot, I forgot Powell was speaking today. Anything of significance? Bond yields pushing 1.5 again. US dollar and Treasury yields rise as Powell offers no hints at anything Thu 4 Mar 2021 17:33:24 GMT Not even a pat on the back for the bond market Powell has stuck to almost the exact same script as Brainard earlier this week, saying that rising rates had caught his eye but not coming anywhere close to saying he didn't like it. Here are 10-year yields, which are now just shy of last week's closing high: The US dollar is strengthening across the board as risk aversion picks up. There's nothing coming on March 17 from the Fed and Powell doesn't seem to care about rates at 1.5%. Will he care at 1.75%? At 2.0%? We might be finding out sooner rather than later. Meanwhile, he's not making any friends at global central banks. The US dollar is moving up with rates and also with the kicking and screaming in equities. Besides the literal messages here, the equity market wants a Fed that will always be there in any adversity. Probably most-notable is that Powell won't fold to mild/modest market pressure. That has implications down the road. Link to comment Share on other sites More sharing options...
HI5 Posted March 4, 2021 Share Posted March 4, 2021 Powell says he expects inflation to rise above 2% at some point. It’s a far cry from the hyperinflation people have been going on about, and interest rates won’t be rising until employment is in full swing. Is this not okay, for the immediate time being? Link to comment Share on other sites More sharing options...
themcdeal Posted March 4, 2021 Share Posted March 4, 2021 I love a good blood bath Fell below the 50 day MA. 100 day support at 3,683, so another 100 basis points away. Link to comment Share on other sites More sharing options...
nuckin_futz Posted March 4, 2021 Share Posted March 4, 2021 18 minutes ago, HI5 said: Powell says he expects inflation to rise above 2% at some point. It’s a far cry from the hyperinflation people have been going on about, and interest rates won’t be rising until employment is in full swing. Is this not okay, for the immediate time being? Every Central Bank has a 2% inflation target. It literally means nothing. If Powell had his way he'd never raise. He raised 1/4 point in late 2018 and the market had a tantrum. Don't look to Powell for signs of inflation. He couldn't find inflation with a compass and a bloodhound. The Bond market will tell you all you need to know. It always does. The smart money is in the bond market. The dumb money is in equities. 1 Link to comment Share on other sites More sharing options...
themcdeal Posted March 4, 2021 Share Posted March 4, 2021 3 minutes ago, nuckin_futz said: Every Central Bank has a 2% inflation target. It literally means nothing. If Powell had his way he'd never raise. He raised 1/4 point in late 2018 and the market had a tantrum. Don't look to Powell for signs of inflation. He couldn't find inflation with a compass and a bloodhound. The Bond market will tell you all you need to know. It always does. The smart money is in the bond market. The dumb money is in equities. BINGO Link to comment Share on other sites More sharing options...
HI5 Posted March 4, 2021 Share Posted March 4, 2021 4 minutes ago, nuckin_futz said: Every Central Bank has a 2% inflation target. It literally means nothing. If Powell had his way he'd never raise. He raised 1/4 point in late 2018 and the market had a tantrum. Don't look to Powell for signs of inflation. He couldn't find inflation with a compass and a bloodhound. The Bond market will tell you all you need to know. It always does. The smart money is in the bond market. The dumb money is in equities. I’m stuck in dumb money 1 Link to comment Share on other sites More sharing options...
HI5 Posted March 4, 2021 Share Posted March 4, 2021 Let’s see where and how the dust settles, I was initially thinking the stimulus would come, people would forget and buy non stop again. Giving me ample opportunity to move into commodities. Otherwise just hold, forever and ever ever. Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted March 4, 2021 Share Posted March 4, 2021 10 minutes ago, nuckin_futz said: Every Central Bank has a 2% inflation target. It literally means nothing. If Powell had his way he'd never raise. He raised 1/4 point in late 2018 and the market had a tantrum. Don't look to Powell for signs of inflation. He couldn't find inflation with a compass and a bloodhound. The Bond market will tell you all you need to know. It always does. The smart money is in the bond market. The dumb money is in equities. What about commodities? Link to comment Share on other sites More sharing options...
KoreanHockeyFan Posted March 4, 2021 Share Posted March 4, 2021 Time to take some profit on my shorts 1 1 Link to comment Share on other sites More sharing options...
CBH1926 Posted March 4, 2021 Share Posted March 4, 2021 TIMBER!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
NucksPatsFan Posted March 4, 2021 Share Posted March 4, 2021 My retirement/long term portfolio manager is super happy with how it's performing given he has most of that money in bonds, commodities, banks, etc. My fun money trading account feels like Lisa Ann after 8 hours of shooting. 4 Link to comment Share on other sites More sharing options...
HI5 Posted March 4, 2021 Share Posted March 4, 2021 1 hour ago, NucksPatsFan said: My retirement/long term portfolio manager is super happy with how it's performing given he has most of that money in bonds, commodities, banks, etc. My fun money trading account feels like Lisa Ann after 8 hours of shooting. What’s a retirement portfolio? 1 Link to comment Share on other sites More sharing options...
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