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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169532)	3/15/2021 2:37:46 PM
From: Rarebird	Read Replies (2) \| Respond to of 217654

I rarely pay attention to the major indices during the session. I am to busy monitoring my portfolio and searching for new adventures. Today I went long OTEX, UBER and XAR early in the morning. I try to take positions which don't converge with one another. I like my positions to move to the beat of their own drum and not all move together. Today, 90% of my positions are moving in the same direction and are strong. That's a bit scary because I know they can move all together against me. It has been a gradual transition, but I primarily look at my positions in terms of price. I stay away from the story as that doesn't help me maximize profit. Each of my positions has support and resistance areas. If violated, I act accordingly. I do try to keep the emotion out of my positions. I am not 100% there yet, but I am getting there. I try not to judge. Sure, I am not very good at that in regard to people when we talk politics, but I am getting good at this in regard to my positions. I have been calling for $1424 POG for a while now. I think Gold is done in this environment. It's role as an inflation hedge is greatly exaggerated. I am long GBTC from $43+, a couple of Uranium stocks, CCJ and URPTF for the past 5-6 months and went long MJ last week. For the most part, I am long a lot of boring, dull, unexciting, but very profitable stocks. The piper is always paid; it is just a question of when. That's where timing comes in - though prices tend to extend to very irrational levels and that's not so easy to determine. That's why some have no problem being long at the Top. Not a bad approach if you get out in time or near the Top ( within 5%-10%). When you think about it, fundamentals have become a secondary to non factor since 1997.