Beetlegeuse: It’s Showtime!
Show me the charts and I will show you the money.
[08:27] E: we never expose ourselves to undue risk
[08:28] E: volatility is our best friend
[08:28] E: manipulated markets also our friend if we understand the game
Since August 6th when I returned from vacation, I surmised the election run was in progress, and we were on our way to 1446.25 and 1449.25 basis the July contract.
On breakout days, we look for buying the pullback, and assume the first high needs to be taken out for any more progress.
Easier to join the party.
Analysts like zero hedge worry and complain.
Traders trade the charts.
Our inner tiger knows what needs to be done.
Accept the risk, use discipline. Manage the trailers.
If we are wrong, admit it, go to the sideline, decide if there is anything that needs to be done. We can always rejoin the party when momo is still strong.
like a bridge over troubled water…