Live example of a market cycle euphoria phase coming to an end

9 thg 8, 2018

What happens when a car keeps going forward, but slows down?
Same principle.









Here is a quick summary about market cycles:
investopedia.com/articles/technical/04/050504.asp

If 200$ was indeed the top, what we should see next are lower highs. And a long bear market.
It has already been going up with less strength for a while. Retail investors getting dumped on.
Well I say retail investors, but institutions too, they don't do anything special.
The difference is institutions will be the first to "panic" sell when shit hits the fan.
It will be too hard for retail to do, but trust me, when something is hard to do, most of the time it is a very good idea to do it.
Making the hard choices is what the masses cannot do, and being able to do that gives you an incredible edge.
That... or being logical to start with and not emotional lol... I personally fail to see the logic. That should not even be a hard decision, just binary.

Oh and by the way, having your money managed by pro's does not shield you if you invest in overvalued crap (not saying AMGEN is crap).
Novogratz crypto fund dropped by 30%, his clients money is gone.

"Strength in numbers" does not apply to finance :p
Think of it rather like cattle going to the slaughterhouse. Do they have strength in numbers?

Get ready to see Amgen feature on bagholderquotes, in a few months, by 2020 at the very most:
twitter.com/BagholderQuotes

6 thg 9, 2018

Ghi chú

GO DOWN ALREADY I WAITED 1 MONTH.
This is just like crypto, no, even worse.
Only FX & commodities are worth our time.
Get the same gains in 1/50 th the time.