Amazing weekend at @Traders4ACause !
So much fun meeting new and old friends, hard working aspiring traders, and veterans I've looked up to since my early days!
@McClellanOsc I was curious about that with SQQQ. If people are buying the ticker how would it correlate to QQQ? Wouldn’t discretionary sentiment dictate price instead QQQ behavior?
The deeper question is this: Since TLT is not "the bond market", but just a derivative partial representation of it, should we take any meaning from TLT's chart behavior apart from that of bond futures?
Question for all those with that stat about how the bear market ends if we're over the 200 dma for a month (or something like that).
If we go back under it, how do you deal with that?
tyia
@gregtangmath Solving the problem this way with a place value chart and especially base ten blocks is very helpful for student understanding of regrouping.
Should we be teaching this? The obvious, but not necessarily correct answer, is no. So many "experts" use this as an example of poor teaching. But life is rarely that simple or obvious. Vertical algorithms are in the standards, so kids actually need to see this. Why? Decimals!
@ACesmadziski@TradingComposur I agree, I love my cats too. I also have struggled with the sentiment you are describing @TradingComposur and sympathize. What helped me was becoming an elementary teacher. The amount of joy/pride from my work lets me enjoy my life when I am not working. I feel satisfied now.
Financial success is one thing.
But are you happy with your life?
I don't think I am, and I don't know why.
Maybe it's my brain?
Meditation, philosophy, positive psychology, and overall a calm life have helped A LOT.
But still...
Regardless of your positioning, today's session highlights the market's reliance on the Fed.
We have gotten to the point where markets rarely move unless the Fed speaks.
If we do move prior to a Fed meeting, it's all based on Fed speculation.
The Fed has become too powerful.
Potential Fed meeting outcomes:
1. Fed finally “pivots” bear market likely solidifies bottom
2. Fed doesn’t “pivot” and we form largest bull trap in history
It’s difficult to achieve an outcome anywhere in between those two scenarios.
This market is more polarized than ever.