Posted by kevindeng0727 on 2nd of Feb 2023 at 09:01 am
Matt said he was under the weather yesterday so maybe that's why
he did not cover the systems.
I have no compliants about the system but as a member for 5th
year now, I personally would prefer the newsletter to be a bit more
'clear cut' and concise. Just give an example, David Ryan a few
weeks ago said something like 'trading rally now underway to 410
SPY' and that's it. I feel like our newsletter always have so many
bull & bear cases.
This is also the longest report I subsribe to and I think it can
definitely be made more concise which will be good for Matt/Steve
as well. like someone else said, sometimes there is a 30 min talk
about the systems. Thanks everyone.
Let’s admit it. We are always celebrating 50 point drops over a
100 point rally. And calling it bear market rally. By doing so lot
of people will hesitate to take long entries. Human
psychology
Posted by DigiNomad on 2nd of Feb 2023 at 09:46 am
I have to disagree. I wouldn't subscribe if they didn't have a
healthy amount of skepticism about, for example, their Elliot wave
counts and present both bull and bear cases as a result. The
guy calling the rally to 410 on the button is going to make some
very bad calls over time. I wouldn't trust anyone who is that
confident about calling the market...and I do this for a living.
You can use the "New Player" option to only watch the slides
you're interested in.
thanks for letting him know about the new player feature
also, I agree with you about over confident analysts - one thing
I've learned about the market is that it's fine to be confident and
have a conviction in your analysis, BUT you always have to stay
humble, do not get cocky - the 'market gods' will eventually punish
you. I've followed many over the years, and one guy in particular
who was so hot last year, also go VERY cocky making comments like
he's figured it all out etc, well guess what, he's been dead wrong
now for a while. Stay humble, and always be willing to adapt
and adjust to what happens.
as I said on the weekend - we are always students of the
market, unlike school or college where you eventually graduate from
- we never graduate from the markets, we are forever students
Otherwise as far as the market, as you may know my bias for the
past month has been an eventual upside move to 4300 - 4350, and
that 50% retracement we had into December the higher low, which I
favored was a nice gift to go long index ETFs. Now we are up
near resistance and we are in Feb, which is not the best most
usually
anyway I have to go lie down and get off this computer.
Basically I had the worst stomach cramps and pain than I've had in
10 years or more, it was horrible. I so wished I would vomit to
feel better. And plus I have a fever on top of it, was just a
horrible night
Posted by kevindeng0727 on 2nd of Feb 2023 at 10:05 am
Matt I know how to use that feature. I was not complaining. Just
some personal feedbacks that I thought may save you and Steve
sometime. Not a big deal for me to just listen to portion of
it.
I discussed the systems here yesterday, discussed on Monday,
again that one system trade is what it is, you will have shitty
trades once in a while, it happens. It's one system out of 23 this
time that has a loser. It will be stopping out at any
moment
anyway I have to run to the pot, LOL
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Matt said he was under
The systems returned thousands of points in the past year. ...
Posted by kevindeng0727 on 2nd of Feb 2023 at 09:01 am
Matt said he was under the weather yesterday so maybe that's why he did not cover the systems.
I have no compliants about the system but as a member for 5th year now, I personally would prefer the newsletter to be a bit more 'clear cut' and concise. Just give an example, David Ryan a few weeks ago said something like 'trading rally now underway to 410 SPY' and that's it. I feel like our newsletter always have so many bull & bear cases.
This is also the longest report I subsribe to and I think it can definitely be made more concise which will be good for Matt/Steve as well. like someone else said, sometimes there is a 30 min talk about the systems. Thanks everyone.
Let’s admit it. We are
Posted by arun on 2nd of Feb 2023 at 10:05 am
Let’s admit it. We are always celebrating 50 point drops over a 100 point rally. And calling it bear market rally. By doing so lot of people will hesitate to take long entries. Human psychology
I have to disagree. I
Posted by DigiNomad on 2nd of Feb 2023 at 09:46 am
I have to disagree. I wouldn't subscribe if they didn't have a healthy amount of skepticism about, for example, their Elliot wave counts and present both bull and bear cases as a result. The guy calling the rally to 410 on the button is going to make some very bad calls over time. I wouldn't trust anyone who is that confident about calling the market...and I do this for a living.
You can use the "New Player" option to only watch the slides you're interested in.
thanks for letting him know
Posted by matt on 2nd of Feb 2023 at 09:55 am
thanks for letting him know about the new player feature
also, I agree with you about over confident analysts - one thing I've learned about the market is that it's fine to be confident and have a conviction in your analysis, BUT you always have to stay humble, do not get cocky - the 'market gods' will eventually punish you. I've followed many over the years, and one guy in particular who was so hot last year, also go VERY cocky making comments like he's figured it all out etc, well guess what, he's been dead wrong now for a while. Stay humble, and always be willing to adapt and adjust to what happens.
as I said on the weekend - we are always students of the market, unlike school or college where you eventually graduate from - we never graduate from the markets, we are forever students
Otherwise as far as the market, as you may know my bias for the past month has been an eventual upside move to 4300 - 4350, and that 50% retracement we had into December the higher low, which I favored was a nice gift to go long index ETFs. Now we are up near resistance and we are in Feb, which is not the best most usually
anyway I have to go lie down and get off this computer. Basically I had the worst stomach cramps and pain than I've had in 10 years or more, it was horrible. I so wished I would vomit to feel better. And plus I have a fever on top of it, was just a horrible night
Sorry you feel bad Matt
Posted by iaranger on 2nd of Feb 2023 at 11:06 am
Sorry you feel bad Matt Market gives us all ulcers ! get better my friend ...
Take care Matt; maybe it's
Posted by cozz101 on 2nd of Feb 2023 at 11:13 am
Take care Matt; maybe it's food poisoning or GI bug? Regardless, those are always the worst. Feel better soon!
Sorry to hear about your
Posted by arun on 2nd of Feb 2023 at 10:07 am
Sorry to hear about your illness. Feel better Matt
Matt I know how to
Posted by kevindeng0727 on 2nd of Feb 2023 at 10:05 am
Matt I know how to use that feature. I was not complaining. Just some personal feedbacks that I thought may save you and Steve sometime. Not a big deal for me to just listen to portion of it.
Hope you feel better soon.
I discussed the systems here
Posted by matt on 2nd of Feb 2023 at 09:43 am
I discussed the systems here yesterday, discussed on Monday, again that one system trade is what it is, you will have shitty trades once in a while, it happens. It's one system out of 23 this time that has a loser. It will be stopping out at any moment
anyway I have to run to the pot, LOL