I was going to open a forex account and they reminded me over and over, while filling out the application, that 60-70% of retail Forex accounts lose money.
I am in that 60-70% and am an idiot, hence why I was hoping there was a smart nice and rich person to drop me some wisdom
I trade stocks over currencies myself. The future is absolutely 100% inflationary. If we slip into a bear market its nothing more than cover for the fed to restart its full QE purchases and possibly expand them. There's too much money in the system and we have reached critical mass.
I'd say short term put options in big names and retailers going into Q4 earnings in a few months. Once the fed changes their mind about rate hikes, start looking for cheap calls. If fed asset purchases ever increase the "bull" market will blow your fucking hair back. So when the fed capitulates and starts the printing press back up go long.
If you want some intermediate trades to make. Jan 21 SPY 480 Calls and 440 Puts can man you some money if your right from the open. Just buy whichever is cheap inversely to its open.
EDIT: For price predictions, I ran a small program to calculate the "Half price percentage" which was the mathematical probability of the next days price being at 50% of whatever the previous days move was. It was extremely high for whatever period of price data I ran through (usually 60% or higher), a side effect of algo markets perhaps. Low open to 50% of yesterday, maybe some puts. Higher open and at 50% of yesterday? maybe some calls. Or you can straight gamble on the open. At its core it's all gambling. For retail at least.
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