Every year I ask traders to donate something to my favorite charity. One of my best friends runs the Fiona animal refuge in Mexico. She does amazing work caring for neglected and abused dogs. We’ve made a ton of money over the last 2 ½ months (over 80%). If everyone would just donate a mere $10 Dottie will have enough to run the refuge for another year (but feel free to donate more 🙂 ).
I’m also going to offer the first month half off deal (create a monthly subscription and I’ll rebate $25 back) to anyone that would like to join the SMT and help out a wonderful cause. The first 20 subscribers I will donate to the refuge.
It’s simply amazing to me how difficult it is for traders to break free of their bias. So many peoples brains became cemented in bearish mode during the 4 year cycle low last year that they just can’t flip the switch and convert to bullish strategies now that we are in the advancing phase of the new intermediate cycle. I’ve watched as analyst after analyst has tried to pick a top all the way up.
I warned people that a buying opportunity was brewing. During the advancing phase of an intermediate cycle price doesn’t stay oversold very long before rallying again. The employment report was the obvious trigger event to complete the cycle pullback. The market had been anticipating the poor number for a week. So instead of selling the rumor and buying the news like a smart money trader would…or anyone who understands how cycles work… most started loading up on shorts anticipating a retest of the December low (the bearish analysts thought they had finally caught the top) . And of course they are now caught in a short squeeze as the cycle bottomed on Friday. Instead of picking tops they should have been buying dips.
Folks in order to make money in the markets you need to recognize when we are in the advancing phase of an intermediate cycle. When we are then trade from the long side only.
When an asset is in the declining phase of an intermediate cycle you either look for something else to trade while the correction runs it’s course, or you can try to trade from the short side.
Stocks and oil are in the advancing phase of an intermediate cycle.
Gold is in the declining phase of an intermediate cycle.
I’ll do the 50% discount (on the first month) for new subscribers special again today. Good until the market opens tomorrow. Sign up for a monthly subscription and then notify me ([email protected]) and I’ll rebate 50% back on your first month.
We are just beginning a new daily cycle and now is the time to start getting positions. Don’t wait until we test the all -time highs before you finally become bullish.
- Mustang Sally +90% (But currently taking a large drawdown)
- Dale S. +87%
- Michael G. +81% (but currently taking a large drawdown)
- Gil N. +59%
- Manuel K +44%