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| TAOST Wrap Thursday 6 September 2018 |
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Quote of The Day "The tyranny of negative compounding returns may be the hardest lesson that far too many investors never master."
-- David Rolfe
Don't think you have any negative compounding in your life? Have a look at your mortgage... any consumer loan you have... your credit cards... These are negative compounding vehicles... and the source of many of your money problems.
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ES 15m
The ES bounced for about the first 30 seconds or so this morning then proceeded to fall apart. Price came back quite a bit by day's end, so we won't know the full measure of the fall until tomorrow.
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ES Swing Chart 120m Yesterday's buy signal was good... today's was better. |
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YM 15m
Drop and return today... range wasn't as big as it looked, but was big enough to profit with the right strategy. |
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Chart of The Day
Bitcoin [BTC] -- Yet again with Bitcoin I know... but it's the source of the most questions from folks... I think it's only a matter of time until price breaks support... It's challenged it multiple times... and I think it wants to see what's down below.
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As always, make up your own mind and mind your risk no matter what you do.
KIS,
The Trader
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Copyright The Art of Simple Trading, LLC 2018 All Rights Reserved |
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