, 11 tweets, 2 min read Read on Twitter
1/ "The tape does not concern itself with the why and wherefore. It doesn't go into explanations. I didn't ask the tape why when I was fourteen, and I don't ask it today at forty."
2/ "The reason for what a certain stock does today may not be known for two or
three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now — not tomorrow. The reason can wait." ~ Jesse Livermore
3/ The why is not important. When you see arguing or obsessing about the WHYs of the investment world, you should know that 9 times out of 10 they are not traders/investors, they don't have real skin in the game and they are just economics/academics/journalists on a salary.
4/ Perma-bears have had million and one reasons why the stock market should be lower since 2014/15. They have been bearish for almost half a decade and yet the US stock market hit another record high last week.

It will eventually top and correct, too. No doubt about it.
5/ When? And for what reasons? Why? Predicting the future is impossible and why's are irrelevant.

So does that mean we just give up and leave it on God's hands? No, definitely not. Observe the market price and pay attention to the flow of money!
6/ Jesse Livermore said:

"People don’t seem to grasp easily the fundamentals of stock trading. When I am bearish and I sell a stock, each sale must be at a lower level than the previous sale."

Why are there so many bears, when all that the price has done is go higher?
7/ And the perma-bears laugh at investors who are still in the game of making money, regardless of "why's". To quote Livermore again:

"When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stock on a scale down, I buy on a scale up."
8/ As long as the price is rising, it is a bull market. When it fails to make higher highs and eventually starts making lower lows, it is not a bull market anymore.
9/ So please, stop with the why's. When it tops, it will top & it will tell us all it's topped. Not based on your opinion or mine, but on the price.

Your reasons, which we are all smart enough to comprehend ourselves, are irrelevant. Pat attention to the rising price (for now).
10/ This thread is assuming you are after the gain of profits and positive returns on your capital.
11/

Love this video by @akfallible
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