2021年4月1日星期四

Biden promising TRILLIONS for renewables

Investors scramble to get their cut
Yesterday, I heard something that made me cringe a little...

"When my account's down, I just toss it all into a big bet."

That's probably not what most would advise.

But I understand the thinking behind it...

When things are grim, traders can have a tendency to either overtrade or take massive positions.

Now, I said I understand it, although that doesn't mean it's a good idea.

Frankly, It's a horrible idea.

But like always, this is simply a matter of trading psychology at work and here lately, there's been plenty of dice rolling rather than strengthening down positions...

Time horizon and trading strategies fix this psychology.

Options coach Chris Hood talks about this today and exactly what you should do no matter the market trend...

Read it below.

Keep moving,
There's a certain level of clarity you achieve when it comes to successful trading... But what does it take to get there?

Chris goes over the answer in detail and explains how the best traders create the right mindset.


Click here now to watch Episode 17: "Zen and The Art of Trading" of Hood Talk with Your Personal Options Coach Chris Hood.
WORD ON THE STREET
Joe's Got Critics, Billion Dollar Goggles, Sort of Legal

  • WEED – It's official. Cannabis is now legal in New York, but the details are something that many marijuana enthusiasts are looking into. With the new law passed, adults 21 and up can carry three ounces of marijuana and weed-related offenses will be expunged. However, growing pot will be limited to a total of 12 plants per household and local governments can decide against cannabis dispensaries opening for business. The expectation is that marijuana for purchase won't be available until next year. Surely, potheads have no way of buying it anyway.

  • If You Can't Beat 'Em, Coin 'Em – Goldman Sachs (GS) has been quite vocal over the last year with regards to cryptocurrency and Bitcoin, changing its mind between bullish or bearish, but it appears that the investment bank has come around. Yesterday, the firm announced that wealth management clients will be able to receive exposure to Bitcoin and other digital assets in their portfolios beginning this quarter. The move is headed up by global head of digital assets Mary Rich who asserted that Goldman Sachs is a strong believer in blockchain technologies. Finally.
HOT SPOTS: What's going on in geopolitics

  • Boys From Brazil: The dismissal of the Defense Minister and the resignation of the heads of all three branches of Brazil's military has the country in a political crisis. President Jair Bolsonaro has received heavy criticism for his handling of the coronavirus, which has devastated the country. Rumors are swirling that Bolsonaro was looking to carry out a coup... or prevent one. We'll have to wait and see, but the potential economic giant of South America won't be stable anytime soon.  

  • Cheap Secrets: An Italian navy officer named Walter Biot has been arrested handing secret documents to a Russian spy. The spy was reportedly paying the captain of a frigate less than $6,000 in exchange for this, well, treason. $6,000 is not a lot of money. Either what he was selling was not very important or the Italian economy is in much worse shape than we think.  

  • New ISIS Base - Africa?: We're used to thinking of the Middle East as the home base of radical Islamic terrorist movements. However, after the shocking attack in Mozambique a few days ago, experts warn Africa might be the new conflict zone for the next two decades. From Libya to Mali, hardened fighters who have fled the Middle East and are armed with heavy weapons are posing major security challenges for states who want to guard pipelines and other valuable infrastructure. A pipeline project in Mozambique was thwarted by an ISIS attack recently, and it looks like just the beginning for the terrorist group's comeback.
CUTTING EDGE: What's Happening In Tech

  • Fedcoin - China is years ahead in the race to develop a fiat state-backed digital currency. However, the USA is finally getting into the game. A trial version of a digital currency - which could potentially make transactions far more efficient and protect the dollar's status as the world's reserve currency - may be out as early as this fall. Yet details are still scanty and one can't help but think a digital yuan will beat the "Fedcoin" when it comes to everyday use in the global economy.  

  • Can't Be Worse Than What We Have Now - Researchers from the University of Grenada and the University of Cadiz have identified 25,000 distinct tropes formed into 42 clusters in over 10,000 films. They are so repetitive that researchers think computers could simply write the screenplays of the future. The trends in tropes are also interesting, with "Heroic Sacrifice" becoming less common and "Deconstructive Parody" quickly growing. What would be an example of the latter? "A computer program writes a screenplay about how all movies are derivative trash. It goes on to be a box office hit." Trust me, that's coming, and remember you read it here first.

  • New Hope For Brain Diseases - More money has probably been wasted on potential Alzheimer's Disease treatments than on anything else within biotech. One promising treatment after another has failed during trials, leaving stockholders frustrated and patients desperate. However, researchers at the University of Cambridge have come up with a different approach. Instead of trying to target genetic abnormalities and "suppress" disease, they are focusing on boosting neurotrophic factors that allow the brain to protect and repair nerve cells. The treatment approach is showing promise for both glaucoma and Alzheimer's. If the approach bears further fruit, it would revolutionize the treatment of neurodegenerative diseases.
Halting Alzheimer's and saving brain cells is the biotech holy grail
FOR YOUR CONSIDERATION

"The single most important aspect of trading is PSYCHOLOGY."

There's no such thing as a bad market. There are always winners and losers... and your job is to keep winning no matter what the market conditions. That requires keeping a cool head and a winning mindset. Your Options Coach, Chris Hood, will show you how to get them.

BEFORE THE BELL
Etsy Inc. (ETSY) has been one of the biggest success stories since the pandemic, but it's facing some bearishness as of late like most stocks.

The key here is for the stock to regain the 20-day simple moving average along with the 50sma, noted by the gray bubble.

It appears bearish right now, but if you look back to where the gold arrow is pointing, this may just be another bump in the road.

Still, I'd wait for a higher high before going long.

-Corey

(Disclosure: I hold no position in ETSY.
)

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