
Mike Captain 727
99 posts

Mike Captain 727
@mikecaptain727
Vattention AI Founder & CEO. Building Video PostPro AI Agent.



Transformers VIII is coming?! SANDSTORM CONCERTO - Transformers Epic Fan Film - made by me. youtube.com/watch?v=9XfAMw…

Transformers VIII is coming?! SANDSTORM CONCERTO - Transformers Epic Fan Film - made by me. youtube.com/watch?v=9XfAMw…












If you had one $SHOT or one opportunity…. To seize everything 😂😂 Last shot pun but will share charts from yesterdays -13k loss and todays +23k gain. Traded yesterday pretty poorly but came in today prepared. Still not recovered from drawdown but a great start to bring some momo back.


The averages are oversold and could rally at any time. However, it's concerning that the market is unable to rally much from an oversold condition, and with volatility rising and distribution dominating the tape, all the major averages are now trading below their respective 200-day moving average lines. A market that stays persistently oversold is a weak and risky one one. At the same time, based on the current conditions, sentiment is too complacent. It would be wise to stay on the sideline and wait for some signs of stabilization. Even if we do get a sharp bounce, during this correction snap-back rallies have been short-lived before selling pressure returned. Maybe the market bottoms here, and those that point out in hindsight that I was bearish at the low will prove they were clueless about managing risk in real-time. I am never looking for the lowest price... my goal is to buy at the right price. And that price is never the lowest price. So yes, I will always be wrong at turning points. And that integral part of my approach - being "wrong" - has made me a personal fortune and consistently delivered superperformance over a 40-year career. Most active traders haven't even been alive for 40-years or were in diapers when I made my first million trading stocks. My success came from respecting risk and bending with the trend. Right now the trend is down and the tape looks like shit... until it doesn't. Since August 3, I've been in mostly cash and my clients have been advised to do the same. As a result, we have felt near zero pressure or pain in the form of drawdown and volatility. Currently I'm still in cash... until I'm not. minervini.com









