Humans Never Change
Updated
“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
― Albert Einstein
Humans are stupid in an infinite, repeating, and beautiful way which we can take advantage of as traders. The similarity between the tech bubble for QQQ popping in 2000 is quite apparent when looking at the ARKK bubble which formed more recently in 2020 and has popped already.
One of the best trades of this decade will be buying ARKK at around 25 bucks a pop and riding it up to new highs over the following years. That's a huge return with very little downside potential. I will load up the boat when we get there.
For the shorter term, you can see that this fractal expects us to see another rally of ~50% in ARKK, but DO NOT FOMO into this rally. It will be a fake out, and followed by more blood. I will take this as an opportunity to sell off my currently underwater Coinbase, Palantir, and Netflix stock holdings personally, since I expect they will follow ARKK for a fresh low.
Thanks for playing.
― Albert Einstein
Humans are stupid in an infinite, repeating, and beautiful way which we can take advantage of as traders. The similarity between the tech bubble for QQQ popping in 2000 is quite apparent when looking at the ARKK bubble which formed more recently in 2020 and has popped already.
One of the best trades of this decade will be buying ARKK at around 25 bucks a pop and riding it up to new highs over the following years. That's a huge return with very little downside potential. I will load up the boat when we get there.
For the shorter term, you can see that this fractal expects us to see another rally of ~50% in ARKK, but DO NOT FOMO into this rally. It will be a fake out, and followed by more blood. I will take this as an opportunity to sell off my currently underwater Coinbase, Palantir, and Netflix stock holdings personally, since I expect they will follow ARKK for a fresh low.
Thanks for playing.
Note
Note
It's also possible that we have fully reached the bottom alreadyNote
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