Indices & ETFs

No bears can consistently make money. Panda confesses to be a bear at heart. Therefore I doubt he makes much if at all. Maybe he can sell his voodoo snake oil EWT + astrology to the novices and make money that way?

:-1:

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He sold his service to a billionaire.

Anyhoo, I guess you didn’t internalize his statement below…

Catching 1 crash at its full length is good for retirement

Screen Shot 2021-05-06 at 4.40.44 PM

Well since he is not retired yet that means Panda has never ever caught any crash, despite years of trying his voodoo.

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My thinking is an issue with trading. No traders dare to put all-in, always use position sizing and quite often on sideline missing big runs now and then… I think you should know, there is one active trader here who is still struggling while buy n hold investors like @wuqijun and me are having fun poking people here :slight_smile: The only formula that work is ALL IN BUY N HOLD (hopefully forever). Trading can’t go too big, even Jim Simmons, the legendary algo trader, says he can’t become more wealthy than WB. What I mean is the best trader can’t beat the best buy n hold investor, the return of an average trader is lower than the return of an average buy n hold investor. Because buy n hold is always ALL IN. IMHO, trading is for entertainment. Is why JC is an entertainer.

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That is why RE us the best investment. Sticky hard to sell long term hold. Traders just give all there money to Uncle Sam or are limited to IRA accounts

If not Apr 23-29, should be May 10 week :slight_smile: Thought likely date is May 11, Panda says is May 13.

One fast up, down, dash to 4244-4274 (my target range, Panda amended target from 4256 to 4256-4265). So expect peak this week. After the peak, is one decline (expected to be an expanding leading diagonal), one bull trap and then crash.

Crash is defined as 10% over 3 days or 30% over 1 month.

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Another backtrack? I was looking forward to that promised blowoff top tomorrow? Is it still gonna happen?

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Are you waiting to unload your stocks? SPX is behaving according to forecast. Anyhoo, the climb is fairly vertical.

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PM SPY high is 423.59, should be above SPX 4240. So now is in Panda w-4 (very sure @manch would confuse :slight_smile: which w-4 ).

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Almost there yet no DTK red alert???

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Screen Shot 2021-05-10 at 2.31.15 PM

My short position is now…

BTO 3 SPY put(Sep30 $420)

Getting ready to swing for the fence… :scream:

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I did BTO 3 SPY put for Jun 18 420.

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Is today’s 1.04% drop classified as blowoff top?

:thinking:

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You need to go back to school!

? behind the sentence should be interpreted as “Will there be a blowoff top for SPX 2mrw or Monday” The answer is no. Anyhoo, 1-2% up from where it is is not classified as a blowoff… just messing around… you need to go back to school to learn what ? mean and how to read the tones of the sentence to deduce what is actually said.

Btw, please :pray: don’t take up on me for your losses :smirk: You have been warned for months.

Operation top killer started?

Does it mean DTK red alert today? Have to wonder whether today HoD is the peak or still going to 4244-4274. Anyhoo, didn’t add any short position, still BTO 3 SPY put(Sep30 $420).

Screen Shot 2021-05-10 at 4.05.40 PM

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Well done. Look like I am the worst trader here.
Jun $420 put 41%+
Sep $420 put 14%+

Any1 bot May put? Juicy 200%. Again don’t know how to capitalize on the forecast… f… trading skill has plenty of room to improve.

VIX shot up 23+ if didn’t close below 20 at the end of the day, mean yesterday was the top. Should be at least start of a correction (in EWT lingo, is at least retracement of the impulse from Mar 2020)… will have to see price actions to see whether it is indeed start of a century corrective wave.

Crash started or 2 days later?

Damn! My SPY put limit orders didn’t go through other day…missed by $0.05. :man_facepalming: Would’ve been a nice 300% and 200% gains. Oh well, won’t chase now. Sold some crypto just in time though. I’ll be ready to pounce on them in a week or two…seems ripe for the next run up.

In other news, https://twitter.com/SquawkCNBC/status/1392092518196695040. If this happens, SPX will be discounted heavily.

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May put? I have GTC buy above 423.59 (AH ATH). Didn’t trigger too.

Yes, May and June put. I always buy 2 or 3 different at varying expiration if conviction is strong.

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Not sure this bounce is DCB/ bull trap or is wave v (the final dash)… so not adding to Sep put yet… since I am not good at day/swing trading, I go back to what I know… position trading :slight_smile: Frankly I use to trade LEAPS only :slight_smile:

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Technically, there are many reserve currency, US dollar is just the largest reserve currency held by most nations. It is inevitable that as more nations become developed and started trading amongst themselves more and trade with US less, the need for holding so much US dollar as reserve would reduce. The reduction of US dollar as the major reserve currency is a gradual process and I think has already begun… is why Fed has to buy back Treasury. So I am not sure what that guy is saying, no nations would flood the market with tons of US dollar. They just don’t top up after spending them.

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