[QUOTE="sprite09,
LOL, the markets rallied for pretty much the entire year except Q3 which is typical. As a supposed trading genius, you should know that, ahahahha.
Anger? Nah, just saying how it is--you think your system outperforms the market consistently over time, but just by 2023 alone I know it's utter BS.
You don't need "magnificent" skills (crypto or stocks); any experienced person in markets would have told you 2022 was a fantastic buying opportunity yet people like yourself were calling for Doomsday in 2023 (think you used the term "shitstorm"). Simply dollar-cost averaged in 2022 and 2023 and have essentially 7xed thus far. Cycle ain't over yet so more to come.
Have fun with your systems.
That is one hell of a fantasy you got there, just make sure you keep it in your head. Only in you mind in dimentia 5 did the markets rally the entire year. The markets were flat as interest rates were rising. Only in your distorted Bizarro world you do not need experience and skills in the crypto and stock markets to make a profit. So, in your addled mind you can dollar cost average for 24 months and 7X your portfolio? This must be the way you posted your stock purchases and came up with a 20% gain. I calculated your postings and there is a 20% loss, but this is in the real world.
Show us how you 7X your money in 24 months. ( The cycle is not yet over, it may e more than 7X )
My guess is that sprite09 will disappear in the wind like the odiferous greasy flatulence that he is.
[/QUOTE]
AHAHAHA, dementia (nice spelling, btw)? And you say "markets"; did you not notice the BIGGEST and MOST IMPORTANT one? The US market, which has had an amazing run since the Oct 2022 lows, despite STICKY INFLATION, BANK FAILURES (e.g., first republic, SVB, etc.), and HIGH RATES. Nikkei and Footsie did quite well in 2023, as well.
China gave back its gain by the end of the year (flat), but even though a market timer / trader would have been able to take advantage of the ebbs and flows (esp since there was a clear double top, crests at mid May and beg of August).
Your description fits the TSX, because you're confined to your little Canadian bubble. This is why you can't believe someone had multiples over 24 months. It happens in STOCKS, too, but you just haven't noticed cause you're confined to the Canadian market. Have you not heard of NVIDIA? META? COINB? ARM? SOUN?
And, I already told you how I did it--I DOLLAR-COST AVERAGED, you just don't know how hard crypto can rip (and there's more to just bitcoin in crypto, FYI, so don't counter with "bitcoin only did a ~5x since the bottom until now.").
LOL, I just looked at the TSX chart (attached)--that was a trader's / market timer's DREAM. It was essentially channeling the entire year until the end of Oct. If you weren't playing the channel (where you just buy at support, short/sell at resistance, rinse and repeat), there were other obvious TA patterns:
-Rising wedge from mid March to mid April (bearish, hence the fall thereafter)
-Inverse head and shoulders breaks the neckline mid July (bullish, small rally)
-Inverse head and shoulders again, but fails to break above the neckline and thus the drop mid September-
-Double bottom , troughs at beg Oct and end of Oct, breaks the resistance that's the top of the middle of the "W" and thus the massive rally after
You're probably gonna spout off about your system being "only picking MACRO tops and bottoms, not local, system is beyond the typical technical analysis, blah blah blah." Plus, your supposed amazing system should be adaptable to ANY STOCK market at MIMIMUM since TA is applicable to ALL trading markets (stocks, bonds, forex, crypto, commodities, etc.).
