Is Ray Dalio Betting Big the Stock Market Will Fall?

Is Ray Dalio Betting Big the Stock Market Will Fall?

SPY ETF Chart 11-25-19

SPY ETF Chart 11-25-19

Trading Like a Pro is Boring

When I tell new students my trading day is boring I can feel the excitement sucked out of their bodies.

"But Pete, I want the excitement of making money, the thrill of being right, the confidence that I control my destiny!"

To which I say, "If you're trading for excitement or to be right, you are going to lose all of your capital. Controlling your destiny, working for yourself on the other hand is awesome."

The hardest part of trading is finding great ideas. Once the market opens, or your trade is placed, it's simple, actually easy... just follow your plan.

Do what you planned to do.

Most traders are afraid to lose money and they lack confidence in their ideas. But they keep taking risk anyway. Therefore they lose, and lose consistently. Their trading life seems like a roller-coaster without a safety-bar over their legs.

So what do you do? How do you make trading easier, less stressful?

Keep your strategy simple and never, ever trade against it.

Go into the say or week saying "I'm a buyer (or seller)." Never let a change of market, news story or a trading alert change your mind.

Sure once in a while changing your bias might lead to a winning trade, BUT, you are NOT looking to win once once a while.

STOP focusing on that ONE TIME you shorted a runaway stock and it tumbled. That was a bad idea and you got lucky.

Six and seven-figure traders have a plan, a strategy and edge. Call it whatever makes you comfortable, but it's what brings home the dough, and gives you that control you seek.

Have a great day.


Billionaire hedge fund investor denies report of $1.5bn bet that markets will fall

Ray Dalio says: ‘[The Wall Street Journal] wrote an article that said “Bridgewater Bets Big on Market Drop.” It’s wrong.’ — ‘I want to make clear that we don’t have any such net bet that the stock market will fall.’ Ray Dalio

That’s Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, disputing elements of a Wall Street Journal report on Friday that indicated his fund was putting on a $1.5 billion bet that global stock markets would drop precipitously by March 2020.

Trade optimism lifts world shares

LONDON (Reuters) – World shares staged a cautious rally on Monday as investors held out for some progress in U.S.- China trade talks, while the dollar dipped after its latest rally on the back of strong U.S. economic data.

A Chinese state-backed tabloid said on Monday China and the United States were “very close” to an initial trade agreement, adding to optimism from Friday, when the presidents of both the countries reiterated their desire for a deal.

Charles Schwab buying TD Ameritrade for $26 billion: Sources

Andersen Capital Management’s Peter Andersen discusses Charles Schwab’s acquisition of TD Ameritrade, the need for smaller brokerage firms to find other revenue streams as large firms offer zero commissions and the strength of consumers in the U.S. market.

Investors are left to wonder if the stock market rally is resting or rolling over

This month has become a sideways “slowvember” slide in recent weeks, with stocks remarkably steady near record highs, as investors are again left to wonder if the tape is resting or rolling over.

The relief rally that led to a surge in bond yields and cyclical stocks has receded a bit, and short-term gauges of investor sentiment became stretched, restraining the indexes in a narrow band in recent weeks.

Pete Renzulli

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Shandra Pombo - October 4, 2020

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