To: sense who wrote (154393 ) 3/15/2020 4:33:37 AM From: TobagoJack 1 RecommendationRecommended By Secret_Agent_Man
Read Replies (1) | Respond to of 218030 Re <<I took Friday off... which was a good thing. When you think you've lost "the feel" for what you're doing, as the markets swirl around you insanely , rather than acting as you think they obviously should ... probably best to anticipate and be honest about that. ... Yesterday, I decided to "revisit" fundamentals. ... One emphasized " back to basics " ... Overall, that leaves me pretty confident that the directional indicators are probably sound. Even the MA looks like you might trust it as far as routine indications of the change in direction... the big moves still ahead after the 50MA crosses the 200 ? I know that challenges people " normalcy bias "... but that's what the chart says. ... When they move 50% in a day, you can't use a stop loss to reduce risk ... But, notice what happened on this chart... when the ATR hit 6 ? And then, how disproportionate the moves were in relation to changes in the ATR... once it becomes disconnected as a directional indicator ? ... Anyway... that's how I spent my #staythefuckhome weekend >> Sense, I bow down. I read your note 5-6 times and shall likely read a few more times before Monday open. A few of your thought elements chime particular bells. Yes, when we find our dancing is off tune, best to step to the side and get back in rhythm. Been there and done that. During this current episode it was not so much as I was off tune, but I wished to be not distracted from my main thrust, shorting TSLA, that saved me Message 32571695 - no brilliance; just dumb fu*&^king luck. I face my truth squarely. Here in Cape Town I am limited by need to sleep during NY time, and so cannot be full-on all the time unless there is some particular good reason to do so. We are fairly near the particularly good reasons, I suspect. Am now at Message 32602397 , a good-enough place to plot and launch offensive. It is not that I believe we would be saved from the almighty crushing and then bloody drip by drip bear market. It is just that what has happened is 'quite' outrageous, that grandpa / grandma along with the wife and baby and family pet thrown out with the bathwater and chicken soup. Should the authorities not be able to 'fix' the market, they shall just keep trying until they do, else game-over for many empires. 'They' got to do what they must do, and 'they' still have the needed ammo. We are not at the end-game. Pondering Message 32604586 Key words vortex-ing around mind which I find in your note, I highlighted in red, Re disconnected , on Friday I had offered to sell Puts at below the bid on whatever and I did not get a fill. Tells me the crushing blow has not yet elicited true sincerity, as many expect rebound. There is little one can do when one does not get a sell-fill below the bid or a buy-fill above the ask. The market is broken. The game now, however we play it, is for all the marbles, win or lose. Cash is king, for now. At some near juncture cash may be trashed. Issue: trashed against what? Basics say dividends are hard to fake, but even that they can fake for awhile until they cut the fake part. What a game. Am an intuitive / philosophical player, but take in strategic macro and tactical micro views to triangulate, else have no basis for intuition. Thank you for the note. Yes, I admit that I am between concerned and scared. However, anyone who is not may not understand the situation. All the marbles. Like it.