Totally! Randy did the same thing after the COVID low.. Kept recommending shorts. . Didn’t see the new bull market begin.. We didn’t even see a minor pullback..I thought sometime a minor pullback at least will come.. I’ll at least break even..Well it didn’t.. I was out of a pretty good sized account..Not until the election approached did we get a pull back.. Small pullback that too..I learned this v important lesson then.. only people who don’t really trade keep recommending these divergence trades.. they can share zero stats as to how the strategy performs over a long period of time..in the long run sound risk management is the most important – appropriate position sizing, being objective and getting out when you’re wrong with the least loss.. something never really covered on this channel.

AAPL alone is bigger than entire Russell 2000 by market cap! Its CRAZY but we can’t argue bcoz their revenue and free cash is also larger than entire Russell 2000 revenue and free cash!

I am sure one day everyone will realize what happens when you keep adding to your short/long when the indexes or any securities keep making new divergent high or low.

It may play out few times but in the long run eventually everyone will blow up their account/s simply because when you add on to the existing short/long positions, the size of that trade get bigger and bigger exponentially resulting in bigger loss than anticipated!

Watch NVDA get to $1tn.. truly stupendous .. It’s currently under $40bn away.

IWM tanking, people selling everything to get into the Tech 5 stocks. Guess we’ll soon have 5 stocks make up 50% of the SP500 market cap.

I still don’t get it why we were shorting the Strongest sectors like QQQs and SEMIs?

If we were really wise we would have thought Russell was the best bet to Short. In the high interest rate environment, small business will have the biggest impact.

Not sure how long we all can last if we keep shorting the strongest sectors!

I don’t think a short will work with so much fresh short money funneling into the stock. This is the most hated stock having the most hated rally. If anything, NVDA has now broken out and any pullback back toward the breakout level from 345-330 will likely be a massive buy.

Check out Randy’s statements from yesterday – ” I am early into the trade, not wrong’.. ‘ if am wrong I’ll be wrong by a lot’ ( aren’t you already?).. he recommended a strong short in NQ at around the 12300 level.. It’s in his posts from around mid March.. even without all the scaling into shorts that’s close to 15% drawdown to today’s high.. then he says he has different kinds of trades ( short term of days) to long term ‘ swing’ trades of months.. Well.. Can he tell us what duration trades he is taking BEFORE he recommends them? His stop losses are arbitrary, his risk management parameters barely defined with constantly moving levels.. The more he talks the more am convinced of one thing – dude doesn’t trade.. Not like many of his subscribers do at least.. traders who last in this business don’t talk like that.. People who are interested in covering their asses do.

wait for 400… then take full short position.

I’m not worried. US has the biggest defense budget in the world. I have no doubt the US has done the same if not more to China. A war will never be fought between US and China. Each will say , “surrender or else.” Then the world will see who has been preparing the best.

this is good. means we are closer to the bubble pop. The air will start to come out after the debt ceiling is over.

well Randy had right idea, but needed to short ANYTHING but QQQ. Staggering divergence between that and other indicies. He should have seen that 15 to 20% ago, now he’s in deep dodo with no real idea how to recover.

AI will fix this, so non-event /s

Am sorry..I know ( since I’ve been on this side way too often) how devastating such a move can be for anyone who was short the semis… Specially NVDA.

But NVDA projections are truly mouth watering.. the consensus eps was $1.09.. this puts it above $2 post earnings.. that’s like a 100% jump.. with the stock close to the $1tn market cap mark, I wouldn’t be surprised to see it get there. Also, I don’t see the debt ceiling game of chicken as a true trend reverser for stocks.. If anything, I would say a raising of the debt limit has the potential to suck some liquidity out of the market ( more on that later.. Once there is a debt deal). Also, as this event has shown, don’t underestimate the AI trade.. it has legs.. And can continue to run.

Still neutral.. it’ll take more than a couple days of negative returns to get bearish. But as I mentioned earlier I am expecting a pullback in the NQ ( to the tune of 10%+ ).. will wait patiently.

P.S. best wishes to Randy for a quick recovery.

100 % agreed for sure… ive mentioned more than once when a bear mkt is
ending neg div is irrelevant..some people are just to full of themselves and
stubborn to realize it…

only screwed the people who couldnt see the obvious and listened to
the neg div nonsense…plain and simple .. is it possible to be any more
wrong than this website has been over the last month or more… hint…NO

After hours SPY future is up 0.6% and QQQ futures is up 1.54% :((((

In short, NVDA screwed us all!!

I was using hyperbole when I said 400 tonight but were only a couple points away now.