As someone who has been an individual trader for a very long time, I have yet to meet anyone who focuses solely on economics who has any clue what markets even are. They literally do not even know what a trading market is. And you’d think they would, because economics is (was) mainly about supply and demand. What do they think markets are about? So how come they are so out of touch?
Today’s trades here – .04 loss in TRXC (1%), and a .80 profit position in IMGN (15%) enter discussed in the previous video, and still INFI. Others discussed – INTC, CREE, OSTK (still long), MZOR (still long), NUGT (still long), DRYS (out), AMD (still long), LPTH, XNET, MRK, QQQ.
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
The “well-known economist” makes a “bold” prediction. What? It’s the same prediction he’s made for nine years. What? In what kind of world can he possibly make money, lots of it, from anything having to do with markets.
Speaking of the devil…
http://www.kitco.com/news/video/show/Kitco-News/1752/2017-10-31/Economist-Harry-Dent-Says-To-Brace-for-the-Economic-Winter-Dow-Could-Plunge-18000-Points
The “well-known economist” makes a “bold” prediction. What? It’s the same prediction he’s made for nine years. What? In what kind of world can he possibly make money, lots of it, from anything having to do with markets.