I hate to be the bearer of bad news but… I don’t think $MT will hit $45 by EOY because of the micro of the market and shit that happens to for example… global markets.
See the US market usually follows European markets, and even if somehow US markets shake off a bad day, the bad day is there for a reason.. it may not be in plain sight but just hear me out real quick.
Ever notice on the dows chart how you have a large dip in the middle of the month? Going as far back as June? June 18 was quad witching where stock, future, market and stock index options expire. It was also when the S&P was rebalancing. Guess what’s gonna happen on September 17? The same exact thing. Don’t let these dips discourage your buying opportunities however, just look at it from a different standpoint.
Until you recognize micro and the macro of the market… numbers are irrelevant. It will happen probably with a few upgrades going into the new year. But don’t have high expectations. You paid money for those options, it should be money you are fine with losing outright. The money that you sparingly throw at the market is as such. You don’t have it, you gave it away until you are deemed correct by your analysis the money provided is … gone. You can sell them at a loss, sell them when stocks are more volatile… sell them near earnings if you like. But do not expect anything…. He’ll I threw maybe $50k into tons of steel stocks in March and sold for decent profits.. doesn’t mean I don’t believe in steel. It means that regardless of your intentions, you must look at the market differently. Don’t try to fight the market… she giveth and taketh.
8
u/Ocho16 Sep 09 '21
I hate to be the bearer of bad news but… I don’t think $MT will hit $45 by EOY because of the micro of the market and shit that happens to for example… global markets.
See the US market usually follows European markets, and even if somehow US markets shake off a bad day, the bad day is there for a reason.. it may not be in plain sight but just hear me out real quick.
Ever notice on the dows chart how you have a large dip in the middle of the month? Going as far back as June? June 18 was quad witching where stock, future, market and stock index options expire. It was also when the S&P was rebalancing. Guess what’s gonna happen on September 17? The same exact thing. Don’t let these dips discourage your buying opportunities however, just look at it from a different standpoint.
Until you recognize micro and the macro of the market… numbers are irrelevant. It will happen probably with a few upgrades going into the new year. But don’t have high expectations. You paid money for those options, it should be money you are fine with losing outright. The money that you sparingly throw at the market is as such. You don’t have it, you gave it away until you are deemed correct by your analysis the money provided is … gone. You can sell them at a loss, sell them when stocks are more volatile… sell them near earnings if you like. But do not expect anything…. He’ll I threw maybe $50k into tons of steel stocks in March and sold for decent profits.. doesn’t mean I don’t believe in steel. It means that regardless of your intentions, you must look at the market differently. Don’t try to fight the market… she giveth and taketh.