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Josh Sigurdson reports on the warnings of 97% of CFOs that we are heading into a recession by the end of 2020 as concerns mount. Interestingly, we reported on the warnings of CFOs in 2019 when only 88% had this concern.
As CFOs prepare for a crash, we also break down the 12 signs we are heading into a recession based on an article by Michael Snyder.
Of course we are already in a recession and have been since 2008. It never ended. It's just been papered over. Nonetheless, there's a lot to be said about how an officially declared recession will look in comparison with what we're currently facing as banks are bankrupt and interest rates go negative while the everything bubble continues to inflate.
We will continue to break down these issues. Stay tuned for more from WAM!
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I have a feeling also that a recession is coming and am trying to prepare my investment portfolio so that it does not get crushed when the market crashes at some point. My thought is to leave 1/3 of my portfolio in various diversified stock funds and pull the rest out into a self directed IRA where I can invest in alternative investments such as short term bridge loans, private real estate deals, precious metals, basket of Crypto Currencies, Notes Funds, Private company stock, Farm land, Actively managed real estate, classic/rare cars, some money in cash so that I can buy when the blood is in the streets and everyone is running away and anything else I can think of that would diversify my portfolio and offer attractive returns. I definitely do not want to be 100% exposed to aggressive stocks as I have been since 2008.
What will you be doing to prepare your investments for the recession? Any interesting strategies?
Also some money will also be allocated toward our Trading Company - Phalanx Trades which went live with actual money in December of 2019. Our strategy is seeking to take advantage of early morning Day one breakout momentum trades until 11:30 - 12:00 on the long side as the stocks that are typically traded tend to not perform well after 12 PM. Also are in the process of developing a strategy to go Short around 12 PM as many stocks pull back or move significantly down around that time which will allow us to take advantage of both sides of the market. The short strategy is in development mode and are experimenting with single share positions until the strategy is nailed down. Phalanx Trades also approaches its trades using a portfolio approach where the total trading capital for the day is divided into 10 equal positions and we only take up to ten positions that meet the Day one squeeze or Day one double bottom set up. We also have as strict portfolio stop of 1.5% which means that if at any time the portfolio is down 1.5% all positions are cut to minimize a catastrophic loss. The portfolio stop is beneficial as it allows the positions a little wiggle room to make their move because as everyone knows stocks don't usually just go straight up but move around quite a bit in the morning.
As long as the risk is managed properly day trading stocks can be less risky in a sense since the companies capital is never exposed more than a few hours during the day and never overnight. Less time in the market coupled with the strict risk management practicals allow us to greatly reduce risk.
If you want to see some of the best charts and set ups Phalanx Trades has taken stop by the blog and take a look. Every day we post a Trade of the Day post which includes the companies account growth in graph form, a 5 minute chart and daily chart with commentary outlining the set up taken and a complete trade log for each day so that you may look up any trade we have made.
We will eventually be posting additional content that takes a deep dive into our approach to trading the markets and some of the set backs we have had along the way which we hope will add value to anyone looking into trading professionally. Also Phalanx Trades is in the process of creating a live stream which will be run each day so that anyone can tune in and watch us trade in real time. Once trading is over we will stick around to answer any questions or take any suggestions that followers may have. We will also be available to give our two cents on any strategy that you may be thinking of trying which you may or may not find valuable just depends on your style.
The last think we will be doing as a side project after all of our trades are on is eventually establishing a Crypto trading arm with a small amount of money to fill the time between 10:15 AM and 11:30 -12 PM when we are essentially waiting for the trades to play out. The logic that will be applied to Crypto trading will be the same approach that is taken to trading US equities.
Check out the blog and the various trades we have posted so far if you are interested. All of our trades are not posted on the BLOG as the company started posting trades only last week but have been operating since December of 2019 with our full account balance.
See Phalanx Trades official Steemit Blog below:
@byebye
Also feel free to shoot us an e-mail at phalanxtrades @gmail.com or leave a comment in one of the blog posts and we will get back to you!
One thing that you will get on our blog is uncensored trading logs meaning we do not cut out bad trades or bad days that we have had. We put winning days and losing days on the post no matter what and always post the complete trade log so readers can view all our trades and even see the time and price we got in and out.
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