1/2 My hopes for the overall market $SPY going into next wk
I want to short puts again (bullish play), because some reversal factors have lined up, EXCEPT for the most important one.... retail has not aggressively bought puts yet going into next week (they're not scared enough)
I want to short puts again (bullish play), because some reversal factors have lined up, EXCEPT for the most important one.... retail has not aggressively bought puts yet going into next week (they're not scared enough)
2/2 And as a contrarian, I have to be patient and wait for dumb money to position themselves first. So I'm sitting on the sidelines hoping that we get a massive selloff (or gap down) to break retail's confidence, instigate a panic, & force them to buy puts at inflated premiums
when they do, the ADF shop will be there to sell them all the goddamn puts they want lol.
if we bounce instead in the next few days (without a panic selloff 1st), then i'll just miss the bounce play & just wait for the next setup (long or short). Patience grasshopper, patience.
if we bounce instead in the next few days (without a panic selloff 1st), then i'll just miss the bounce play & just wait for the next setup (long or short). Patience grasshopper, patience.
so dont FORCE setups. Dont force yourself to see patterns that are not there. B/c if u look hard enough u can find a reason to buy/short anything
Just let the most impulsive traders place their bets first.
THEN bet.
Their shitty track record is your security
#BearTipOfTheDay
Just let the most impulsive traders place their bets first.
THEN bet.
Their shitty track record is your security
#BearTipOfTheDay
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