It has been a tumultuous 2016 so far! Volatility though not properly reflected by the VIX has been through the roof. You are seeing 60 point swings in the S&P 500 and 400 point swings in the Dow. If you feel like your head is spinning, do not worry - there are lots of you.
It has been a crazy two weeks for us here at Equity Sense. We've had an unprecedented number of new clients as well as class orders. This happens after we have raised rates on everything. I'm definitely not complaining. It does bring up an all-too-common theme: when people panic, they turn desperate. Let me explain my last sentence. In November and December of 2015, we ran a lot of discounts and promos for memberships and classes. We still had a good number of people joining us then but that was only eclipsed by the last two weeks. The last two weeks saw a huge crash in the markets which led to a lot of panic. Now that we are not running any promos, we suddenly saw a huge spike in new members? It's just the way human nature is, I guess. Most people won't be pushed to do something until they are on the brink. The last two weeks has seen an incredible amount of profits from all of us traders here. I am the permabear of the group while the others at EQS try to stay on an even keel. However, this market is far from being back to normal. With traps at every twist and turn - you can't afford to be using old techniques that only will get you slaughtered by the algos. As Mike and I do our best to steer the Equity Sense ship to clearer waters of profitability, we do welcome the new clients. We hope that your time here with us no matter how long you choose to stay will be an enlightening and profitable one! -G
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Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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