Comments
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CBI still can not understand the idea of being a short term trader, especially on a retail level, in stocks. The deck is so stacked against you, the transaction costs, the hfts, the competition, and the skew towards positive returns when going short. I think it is the narrative that Wall Street tells, “you can get rich”. Even though the probabilities tell you that is a complete fallacy.
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DIlol this on GM and and yesterday's Canopy "trade ideas" couldn't be timed better. Maybe its better to be contrarion to Real Vision experts.
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REThe mea culpa is appreciated but how can you say 'there was a news event we couldn't see coming' when anyone who follows the company should know the value and potential of their autonomous unit and could sense that it would be monetized in some way?
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JPI don’t think the potential sales decline matches how beat down the stock already is. There are better shorts out there.
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RKNormally Max's call are correct. But it would have been more helpful if he had talked about the background of the GM and it's fundamental picture , debt situation etc.... Just rising interest rates and rising oil price only won't be a much of a conviction.
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TBWould be interesting to get an update on his gold trade. The market has changed since that trade idea was put out there.
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ZYcheck out weekly, it is oversold, not good time to short, till back to MACD center line, unless one have interest in this check out trend line it holds the long term uptrend since 2009, intermediate term just broke the downtrend with good price volume action at current bottom. Why ask the people to jump in, unless this guy himslf have interest in. This guy is really interesting. Sorry for this outburst.