You did not miss the top, and the downtrend has not been picked up yet by the media in general.
The 52-week lows began to expand vs 52-week highs in May of 2021 but the nominal FAANG index did not top until November 4, 2021, and the Dow until January 4, 2022.
We don’t need a bull market to make money! Plus the one-day wounders will be great for bull trades in and out in a day or two.
There are no relations between high risk and high reward, high risk is simply high risk there is no relationship to the size of its reward. Point is that any risk – even a small one – can precede a gigantic profit.
How do you think the great traders see it?
“You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can’t afford to do is throw away your capital on suboptimal trades.” -Richard Dennis
They find low-risk and high-reward setups, and full stop.
I have a dozen ITM one-sided option strategies for the coming week, when I post them, followers will know as the ALERT will say “As Advertised, 350.00% 416.67% 566.67% 900.00%”
High Delta Long Put and Call Options
If and only if, I make you 25% or better you pay me $50. It trades both stock and sector ETF options, taking advantage of the “Great Cash In.” and the big swing bounces to come.
Ten to One Reward to Risk
If and only if I make you 25% you pay an incentive fee of $35, no matter how big your profit. Pay nothing if the outcome is less than 25%.
Five to One Reward to Risk
If and only if I make you 10% you pay an incentive fee of $25, no matter how big your profit. Pay nothing if the outcome is less than 10%.
Everything Else – a Personal Hedge Fund
If and only if I make you 10% you pay an incentive fee of $20, no matter how big your profit. Pay nothing if the outcome is less than 10%.
Gain access to all the products for only $10/month take the trades you want and only pay for the winners as outlined above.
Find Contrary Thinker and Subscribe
If you do not have a USA app store, use your local app store to install Trade Exchange it’s free and from there subscribe to Contrary Thinker.
Contrary Thinker since 1989,
Great and Many Thanks,
Jack F. Cahn, CMT
Copyright 1989-2022
Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA
92264 USA. 760-459-4681 OR
25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889
— Contrary Thinker does not assume the risk of its client’s trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.
— Pricing is subject to change without notice. My indicators and strategies can be withdrawn for private use without notice at any time.
–Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options
