It turns out I was correct in my previous post regarding trading the banking sector collapse. See my original post and trading hypothesis here: https://www.reddit.com/r/MerlinFinanceLLC/comments/11nyffj/how_to_play_the_banking_sector_collapse/ tl;dr --> Friday's bank closures foreshadowed Monday š§

- By - MerlinFinanceLLC
The results are in! We are excited to announce the top 10 winners for the 1st round of our February 2023 prediction tournament. The competition was fierce, and special shoutout to u/PrestonAVH for leading the charge. Congratulations to all the winners and thank you to all participants.
- By - predictany007
Oh, I voted yes but I had April in mind š
Totally fine š
This week trapped in the range itās been in, low of $26.5k and a high of $29k. Not trading crypto atm, sold last week actually. Bearish for April.
Yes, this could be the bottom. I donāt think itās āthe bottomā but thatās just ny opinion.
Replying to myself for my own records. My forecast has changed.
"for how long will you hold that view
I want to let you know my bullish bias that Iāve had expires today and tomorrow. My tactical bias is flipping bearish on equities.
I was wrong. Hope you guys made moneys
In my view you werenāt wrong and probably still arenāt. The RvR is awful on CS in my view for puts. If I was interested in buying puts on financials Iād look at a bank like FRC that could be impacted by the CS fallout or just target the XLF on a swing trade basis.
Superb!
Good stuff right here in this video.
It takes 12-18 months for rate hikes to work their way through the system. The rate hike cycle started in March 2022. Guess what, itās March 2023, the next six months are going to be interesting.
A
B
C
A
A
D
A
A
B
Congratulations:
Thanks for organizing it and hereās to staying on the right side of the trade š»
This was a fun month and competition. If my guess for the full year sequence is right, this year is going to be a doozy. Buckle up!
B
A
Yes, a continuation of this BMR will likely be led by TSLA.
B
C
C
Yes, generally speaking. Iām a deflation bear (expecting a recession) and the idea is that the market is shifting away from rate hike and inflation fears and is in a zone where it can trade the āsoft landingā nonsense policymakers and sell side analysts keep bsāing about to lure suckers into buying everything. Since long duration assets dropped because of the rate hikes that means they were very likely to rally in this phase, it started a few months ago. This is occurring, whether it continues and is sustainable is the question.
B
A