Some nights he would barely sleep when he found a new technique that was proven, once back-tested.Īfter building his wealth through trading in 2004, he left the financial industry to trade his own money and study charts and technical signals. So while helping others gain financial independence during the day, he spent his nights studying charts and price action, developing a unique market trading system that put his profits on a rocket ship. “Why not profit during the bear markets just like the bull markets,” he said. He had this long-standing belief that he could help investors make more money by advising them on shorter-term investments (holding a stock for days to weeks) than the buy and hold crowd who lost 50% of their money during every market collapse. After college, Gareth quickly excelled as a financial adviser, but his heart was always in swing and day trading. Keep in mind, when there is turmoil in markets, there is also opportunity.Ĭhief Market Strategist Gareth Soloway has been an avid swing and day trader since his days at Binghamton University, where he studied Economics. We could quite possibly see a depression scenario by 2030.īond volatility is indicative of markets that are dealing with something serious. The Fed will then be caught between inflation and unemployment, which will steadily worsen. Gareth believes the Fed will change policy when unemployment rises significantly. When everyone is calling a bottom usually means we haven’t reached that point yet. We need to see 80-85% decline, as there are far too many other coins. There are many similarities between crypto and the dot com bubble. We’re currently hovering around the 2017 high for Bitcoin, and we will probably see 25k in a rebound. When everyone is frustrated with markets, you will recognize the bottom. The bottom will be in when we reach the acceptance step of the grief stages. Sometimes being in cash is the best place.
Later in the cycle, we will get to a panic point. Funds are continually looking for the next thing to rotate into, and now we’re back to tech stocks. They are now in oil, and we’re likely to see further downside in oil. Gareth discusses how institutions are often invested in the latest hot thing. Tom welcomes back Gareth Soloway, President, CEO & Chief Market Strategist for InTheMoneyStocks.
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