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If you could see inside my brain a few days ago, you knew this day was coming. I was actually toying with just giving up and buying dogshit like KLAR, only because it seemed the market was never, ever, ever going to go down again.
And then Friday happened…………
I’d stand before God almighty and declare two things with absolute certainty: (1) there is no greater chartist than me; (2) it is doubtful there has ever been a worse trader.
OK, maybe the second is a bit rough, but today looks like today could be sensational, and I am INSANELY lightly positioned. It’s a damned travesty. One of my accounts is 103% committed, but that’s about the best I can offer. Another one is all cash. Good God, Tim!
Anyway, the market was already weak, but we just got the jobs report……..
Trading, like life, is full of ironies. The one I’m faced with right now is that my most successful and consistent short, Bitcoin, is one I resisted for months (years, really) because I thought crypto was too volatile and scary.
Not so. It is far and away the most reliable and chart-friendly market I’ve ever seen. Bitcoin, a key short position for me, just keeps withering away precisely as predicted.
