Michael Burry first tweet in years... It's going to burst.
(media.scored.co)
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He also posted 'sell' year or two ago....then the market went up 30%.
I trade futures contracts— Mostly indexes, oil, gold, and some fx.
I have no idea what’s going on. The derivatives are stacked to the sky, and bundled with dogshit. In 2008, the mortgage-backed dogshit securities crumbled… Now it’s like 10,000x/leverage… but everything… even bonds, treasuries are trading sideways and unpredictable—Fed cuts rates, you expect the market to act one way— poof.
Company share buybacks have gotten out of control. That’s the main factor, apart from “speculation” that is pumping the market.
All of the major hedges are just playing with each other and juggling…
He was right about two years ago— but credit default swaps happened and credit ratings were extended here and dropped there…
Blackrock just committed major fraud by claiming to have been frauded by some Indian dude who had NO REAL asset sheets or collateral or anything. Allegedly, they didn’t check out any of his credentials before loaning him $150bn.
They really think we’re that retarded.
so whats the play to make gains now? stay cash?
100%.
I’m doing scalping on dow jones right now, but really just for funsies. Took me far too long to learn to set limits before going in. I do 3:1 risk/reward ratio.. And hit 2/3 times usually.
Just fiddling around with house money.
Example. Dow is at 3000 I buy 1-2 micro mini futures contract. Set limits: eat loss and sell back at $150 loss and take profit at $50. So my loss will be a max of -$150 And my max gain will be $50.
Between 9:30 EST and 1:00 PM EST is when i play.
Make no mistake—It is a casino. Nothing about it makes sense, I’m only diving in at the middle of a trendline and hoping for the best.
It’s the equivalent of gambling unless you control millions of shares like the hedges… i just try to do what i think they are doing when they do it.
Watch the candlesticks at 15m and 5m, bet toward trendlines and keep last week’s daily movements in mind—there’s usually a baseline (average) and it’s supposed to trend back to that line.
thanks! are you actually making any profits on a monthly basis with this strat?
ive been trying to trade crypto for a solid while and never found anything replicable and consistent