Everyone Is Right

Trust Me They Will Tell You

The “wheels on the bus” go round and round. Where they will stop no one knows but in the interim it is best to listen to what everyone is saying. No one is always right or wrong and their words have meaning.

As a firm believer in selling when they buy that’s what I do. I took a flyer with Orange Juice earlier this week and trust me, it is just that, a stab in the dark as Orange Juice is well over its all time highs. The world thinks it’s going higher. That’s when I make my move. Am I going to be right, who knows but at least I’ve minimized the upside move and maximized the downside if I’m right. I do not expect you to follow my lead as it is a real pain to trade this market and exchange. I do expect you to watch and learn. That is the best I can do.

Nothing else has changed. What I made on the initial upside in the “widow maker” is dissipating, only half of the upside remains. I’ll look to enter using February options going forward but again, I do not recommend trading this commodity unless you are experienced and have the money to lose.

I’m down more than 5% in my TLT trade but I’ll keep buying on dips. In a one to two year period I’ll come out smelling like a rose. My best trades are long term and usually go against me from the start. That was the case with gold and the potential for higher prices is opportune. I’m not looking to add more gold contracts at this time but will be on the watch for the commodity to keep increasing in this geopolitical dilemma.

Back to work on the eBook with Amazon / Kindle. Getting ready to formalize a special version of “The Ticker’s Bible” for those of you who have signed up with me for a paid subscription on Substack. Udemy courses are almost done and yes, I sleep to when all of our grandkids aren’t performing somewhere. Stay tuned and my best to all.

I was not kidding when I started with the “Wheels on the Bus”. It’s true, it’s how you learn. Everyone learns by listening to others, especially me. I practice it every day and you should too. I’m just a single source; there are many. Look for those that are always consistent like I am. There’s lots of day traders I have learned from. There’s a couple AI, ML and Algo based traders I find to be excellent. Keep an eye out for them as once I’m happy they know what they are doing I’ll introduce them to you. In the interim I suggest you listen twice as much as you speak. It works.