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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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From: POKERSAM11/2/2021 9:33:41 PM
1 Recommendation

Recommended By
techtrader73

   of 1780
 
It is a simple fact that to gain and keep a following as a market analyst you must remain bullish always.
Why must a market analyst who is out to gather followers always be a perma bull?
The answer to this question is a simple one. It is human nature to be bullish. It is the natural state of man.
Think of the farmer, the builder, the banker, the fisherman, the hunter or any other professional or business undertaking. All are looking for success in the future. They all count on improvement and growth or reward for their effort. Every human effort begins with optimism.
Motivational speakers tell their listeners to flee from the Nay Sayers who dampen your determination and destroy your positive attitude. People love positivity. They do not like negativity.
Listen to the vast majority of talking heads on the tube and you will find that most have learned this truth and they are bullish regardless of what the market may be actually doing. In a correction it is downplayed no matter how deep it may be and is presented by them as a great buying opportunity regardless of the immediate losses. No matter what the market does it is great and cause for rejoicing.
If it loses 50% of its value and portfolios are cut in half and fortunes are lost it is still said to be a wonderful thing and very positive for the markets. No matter how rapid and deep the market plunges it receives a positive spin. The analyst who lives off his followers knows what they want and he does his best to provide it.. Some get so caught up in this maniacal euphoria that they deny corrections even exist. He is loved for it.
This mania is, of course, exacerbated by the fact that every correction that has ever occurred since the market began has seen a recovery and move to new highs. The sad truth is, however, that all who see the collapse and suffer the lose of capital, are not around to get to break even and very few ever get back to profitability.
In spite of this reality it is natural for humans to figuratively put their fingers in their ears and cry "nanananana I do not want to hear it" when confronted with something negative. The talking head analyst has learned this.
Buffet says his first rule is "never lose money" and his second rule is "never forget the first rule".
Being optimistic or bullish is the most natural and easiest thing in the world for a human. It is his natural state. Humans would not have survived and prospered were it not so. Every advancement and every discovery in every area of human endeavor is the result of the natural optimistic bullishness of man.
But do not let this natural inclination cause you to act foolishly.
Do not let a positive attitude and natural optimism cause you to get in the ring with Conor McGregor.

MY advice is that you protect your capital. The benefit is that you live to play another day.
The three positions you can have in the markets are Long, Short , and Flat. Each have their time and purpose. All three can be used for your benefit. Timing is everything.
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