fbpx

Don’t be stubborn

March 24, 2019 / / No Comments

The markets seldom move exactly as one expects them to move. A few weeks ago, when the S&P 500 was trading at 2800, I was wondering if the move higher had exhausted itself (see Shakeout before higher?). It seems I was a bit too early, the S&P rallied a bit further, to 2860 on Thursday. This was just a day before we saw a nasty reversal with the close at the above mentioned level 2800.

At first Thursday’s price action looked constructive to me. There were quite a few breakouts out of solid bases, the market convinced everyone into believing it can continue moving higher for longer with very shallow pullbacks. But then, on Friday, reality struck and we realized the market fooled us. Most of the breakouts failed hard, and as it seems, most likely marking a short term top.

As stated many times before, I believe we are/were most likely in a cyclical correction and not rolling lower into a full blown recession. However, the key is in managing risk, so don’t be stubborn.

Read More

Had retirees invested, they wouldn’t have financial issues

March 15, 2019 / / No Comments

No matter where you live, you probably face similar financial issues to people elsewhere in the world. As a society today, most people have to rely on others. For example, we rely on others to get our salaries on time, or that others will grow our retirement fund big enough to support our current living standards in retirement. But unfortunately the current demographic in the western world is not optimal and is particularly challenging for the pension system.

The current generation of retirees probably can’t do much to improve their situation. However, the active generation still has everything at their disposal to guarantee themselves a better and more stable future. To get there they must learn how to invest and use the power of the compounding interest. As Einstein said so many years ago, compounding interest is the 8th wonder of the world.

Read More

Trading workshop in April

March 10, 2019 / / No Comments

I’ve organized a test workshop in February. I got a really nice feedback so I decided to organize another one. This time a public one.

The workshop will be held in Ljubljana, Slovenia between the 16th and 18th of April. It is an advanced workshop, but it’s also suitable for beginners, because we’ll cover the basics of every topic. You can read everything about the workshop in the blog I posted recently, Trading workshop.

My Slovenian speaking readers can go to a Slovenian version of the page with all the necessary information and a sign up form there, Delavnica Kako postati uspešen trgovec in investitor.

Read More

Are cryptos trying to bottom?

March 6, 2019 / / No Comments

Cryptos have been hit hard in the past 15 months or so. Most of them fell in price by 90% or more. This was needed, there was just too much junk, too much shitty projects and scams. The main question is, are we cleared of this now or not yet? And can the developments and improvements, that kept a strong pace, turn the trend around?

Last summer I was warning my readers that if Bitcoin falls below $6,000 you should get out as the space could shrink yet again. I know that some people like picking bottoms, there are strategies that make people buy down trends because they think they’ll miss a rally otherwise. I greet that, not because it would be a great strategy, but because we can find buyers when we need to get out.

If you follow me regularly you know by know that bottoms and tops are always a process, never an event. Don’t believe anyone who’s trying to convince you otherwise. They’ll most likely gain something off of you.

Anyway, cryptos are in the middle of a process that could end up being the bottoming process.

Read More
%d bloggers like this: