BIO Forum subscribers know a top call was made at the end of April and those who follow my plays saw that I was rotating out of plays heavy in April despite having Calls that didn’t expire until May. Sometimes, the hardest thing to do as an investor or trader is to watch the markets after you have played your hand.
It’s during times like these that its good to reflect on where we have come from, why the market is doing what it is doing, and where we might be going. I find re-reading recent posts does a good job framing the recent past so we can gain perspective for the near future.
Here are some KEY posts that are worth re-reading to get your head screwed on straight.
It’s OK and normal to be wrong on some plays, it’s not OK to stay wrong. I’m an optimist at heart and this bear costume I’m wearing is hot and sweaty and I don’t like the shit bears eat or the crap they talk about!!!!!!!! More of the same today…..so the info contained in the above posts frames where we are at and where we are going…..
The market is actually on track to repeat it’s pattern of making a top every 7 days and, for the most part, it has done so with LOWER highs since the beginning of May….I split the peaks between June 9 and 14th in the following chart: