As the market bottomed at the end of September, we had 59 trade ideas in two weeks and only 8 of them were misses for a very nice 86% success rate. That only took us through October 4th, when the S&P was at 1,675 and on the way down to 1,646 on the 9th so here comes a tricks couple of weeks (hopefully we get to 3) where we start on a downturn and finish making new highs. This is always exciting for me as these are our untracked trade ideas, so I always wonder how they turned out!
Keep in mind, these are fairly arbitrary snapshots and we make both bullish and bearish bets on a regular basis and the trick is to keep a generally balanced portfolio so you can take advantage of moves in either direction. When we are bearish, it's 60/40 bearish or 70/30 bearish but not 80/20 bearish! BALANCE is very important in trading, and in life…
October, however, was marred in the beginning by the Government shut-down.
Oct 7: Monday Market Meltdown
Sometimes, all it takes to end a wicked bull run in the markets is a nice, cold splash of reality and what can be more real than the idiocy of the US Government? This is a country where almost 25% of the World's GDP takes place! When you
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