fb
X
X
Tired?
Unfocused?
Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
YES, SEND ME THE REPORT !
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
YES, SEND ME THE FILE !
YES, SEND ME BOTH !
Your email will always remain private.

MDM - Question: Doesn't the MDM discipline always wait for a follow through day and a confirmation of a rally attempt.?

Q: Doesn't the MDM discipline wait for a follow through day and a confirmation of a rally attempt. I have been reading your stuff for years now and I am completely thrown off. Doesn't the MDM wait for the market to "prove" itself instead of taking what appears a random shot at a buy point and a high risk entry point.

A: The MDM generally waits for a follow through day, however, on rare occasions, it has rules that enable it to step outside this normal configuration. Historically, drops in markets which are brought on by this type of crisis event creates buying opportunities in specific areas. Therefore, odds are that this drop can be bought here. Thus, it was best to take profit on the sell signal issued on March 8, and go long.

Of course, nothing is certain, so if the market heads lower, the fail-safe will kick in. Japan's nuclear situation could worsen, though given everything I understand about the situation, the worst is behind them, as all three reactors are now in cold shutdown status and radiation levels are subsiding. Given current entry levels when the email was sent earlier today, that represents a 0.5% risk in a 1-times ETF such as QQQQ and a 1.4% risk in a 3-times ETF such as TQQQ. Given that small downside risk, it is a risk worth taking. Even if one got to the email late, current risk levels as of this writing (10:45am EST) are 1.4% in a 1-times ETF such as QQQQ and 4.3% risk in a 3-times ETF such as TQQQ.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy