SMC Special Update 10-18-22 10.30pm Pacific

Fantastic updates, thank you!

Thank you for keeping us updated, Peter. They are really useful to affirm what I project as well.

I have gone through the introduction videos and this is very amazing stuff. I am on the free trial and am strongly considering buying the bundle. My question might make many laugh but I am trying to figure out how to use this information to ENTER the market. Are there some videos or written commentary that I have missed that goes over good entry triggers or is that something that we figure out on our own based on our trading style?

Really appreciate the late night update. Thank you for your dedication

Very helpful information. Thank you.

scottieschmitz3272 said:

I have gone through the introduction videos and this is very amazing stuff. I am on the free trial and am strongly considering buying the bundle. My question might make many laugh but I am trying to figure out how to use this information to ENTER the market. Are there some videos or written commentary that I have missed that goes over good entry triggers or is that something that we figure out on our own based on our trading style?

I like to think that Peter tells us where the stock market is LIKELY to go but we have to figure out how it will get there.

The projections are usually a great TP level or a potential Entry on a reversal when the projection level is met.

scottieschmitz3272 said:

I have gone through the introduction videos and this is very amazing stuff. I am on the free trial and am strongly considering buying the bundle. My question might make many laugh but I am trying to figure out how to use this information to ENTER the market. Are there some videos or written commentary that I have missed that goes over good entry triggers or is that something that we figure out on our own based on our trading style?

That's a good question that I have pondered over myself. My answer is bit practical cum philosophical too. Actually, it's not going to give you entry points. You'll have to rely on your judgment and trading style. As for exit, you can use Peter's target as a good guidance but, it's not like market will go straight and hit the target, it's not as simple as that. My advice would be that it's best to use your own support and resistance for entry and exit. All said, for a swing trader or position trader, Peter's guidance gives a very useful target to bear in mind but I don't think it can be your sole guidance. I hope I gave some clarity, at least that's my opinion.

Thanks for the special update, that's useful. That said, this market is not easy to play at all, calls for phenomenal faith and patience. It's not surprising that the market is volatile but the the bounce back each time is mind blowing and perhaps frustrating last few trading days that I started asking myself the rudimentary question - are we supposed to trade what we see or are we supposed to trade what we expect to see. I am sure whichever way, I'd have learned a few valuable lessons in next few days by trading this market.

On cue the Dixie shoots back up and futures fall overnight. Will narrative follow the projections once again? ;)

thank you Peter. It looks like that is what is currently happening as we move lower. thanks

scottieschmitz3272 said:

I have gone through the introduction videos and this is very amazing stuff. I am on the free trial and am strongly considering buying the bundle. My question might make many laugh but I am trying to figure out how to use this information to ENTER the market. Are there some videos or written commentary that I have missed that goes over good entry triggers or is that something that we figure out on our own based on our trading style?

If I were you, I'd wait till market hits MAJOR lows before doing ANYTHING.