Just Buy The Discount

[Caseynotes]

Interesting rant (I mean solo twitter thread) and something to chew on over the weekend. Chopping out all the expletives somewhat spoils the flow but you'll get the gist.

Jeff Davis @Shaq48_Trading

so sick of seeing all the absolute ***** of "listen to this wise smart guy" oh by the way who has been ***** wrong for years. Or that guy smart guy makes such good points because this arcane ***** measure of some ***** predicts something within a 3 year time frame. 

fintwit is filled with so many so smart ***** wrong for years at a time losers that are on all the podcasts and tv shows etc..they only cost you money and opportunity. 

learn to tune out all of the macro masters of the universe and gann wheel *****.. or anything that comes close to resembling tops in strong tapes...

bull genius is a beautiful thing in the real world only, on fintwit is it passed off as useless... the guy who when you ask why he bought the dip that answers because the markets been going up doesn't get an interview...

the guy that doesn't care about bad news... he buys dips till it doesn't work doesn't get the podcast and tv show... why because he is just a dumb dip buyer. 

virtually nobody makes money in a bear market and most don't make money in a bull run because they listen to every stupid reason that it can't continue and take themselves off the train. 

just be dumb enough to buy dips in a strong tape... don't worry about being smart enough to pick tops. 

define a strong tape and until that definition no longer fits ignore most everything and buy a discount.