GM. AM Market Thoughts
- RKLB Earnings dumped last night. Like labubu says below, never bet onto ER seems like a lesson that I too have to learn because I didn't take enough profit đ still have 1/2 my position
- Gold is absolutely running away - blasted some here.
- Again, this PA confirms what I said last night:
" We continue to be in the phase of "slowing of musical chairs" and you can feel it in the markets - rotations are much quicker, profit being taken. It's a tough environment right now. In times like this I like to have more cash, and just be patient. Remember, cash is a position. That, and zooming out and holding to your core longs."
Frankly, I think the right move is to consolidate into few positions and just long them. RKLB was a trade that made money. Now I'm going to focus on Gold.
Most importantly though is also knowing what NOT to touch. I feel like semis just don't offer any interesting risk/reward here - memory pumped, then dumped. photonics pumped, then dumped. There are no trending assets here - they're good for trades, but goddamn the PA is absolutely brutal and I have no interest in holding anything
- RKLB Earnings dumped last night. Like labubu says below, never bet onto ER seems like a lesson that I too have to learn because I didn't take enough profit đ still have 1/2 my position
- Gold is absolutely running away - blasted some here.
- Again, this PA confirms what I said last night:
" We continue to be in the phase of "slowing of musical chairs" and you can feel it in the markets - rotations are much quicker, profit being taken. It's a tough environment right now. In times like this I like to have more cash, and just be patient. Remember, cash is a position. That, and zooming out and holding to your core longs."
Frankly, I think the right move is to consolidate into few positions and just long them. RKLB was a trade that made money. Now I'm going to focus on Gold.
Most importantly though is also knowing what NOT to touch. I feel like semis just don't offer any interesting risk/reward here - memory pumped, then dumped. photonics pumped, then dumped. There are no trending assets here - they're good for trades, but goddamn the PA is absolutely brutal and I have no interest in holding anything