Is It Time To Take The Money And Run? Raghee Horner, Managing Director of Futures at Simpler Trading
Raghee started trading at the tender age of 17 while still in high school. She continued her pursuit of trading through college until going full-time after graduation; torn between the charts and law school, the markets won out. With a degree in English, Raghee has a passion for communicating the message of the markets as well as teaching self-directed traders how to find choice, freedom, and an edge in the currency and futures markets. Three books (published by Wiley & Sons), countless speaking engagements, seminars, Chief Currency Analyst for IBFX (bought by FXCM), and trips across the globe, Raghee shares all the she does and has learned at SimplerCurrencies.com. Her popular 34EMA Wave and GRaB Candles indicators have a ever-growing following. Raghee brings back the wisdom of time-tested trading analysis with the edge that technology gives the modern trader.
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00:00 All right, let's just get to market discussion here and boy, we've had a nice rally. Is it time
00:06 just to like, "Whoa, got my money back, a lot of these stocks, I'm just gonna take the money and
00:13 run and then sit it out in December?" Or we think Santa Claus rally, end of the year rally, what's
00:20 your take on that? I love the Steve Miller band idea of take the money and run trade management.
00:27 However, I look at December as strength getting stronger, weakness getting weaker. So if we saw
00:33 the year-end October tax loss harvesting, and that's gonna basically echo into December,
00:39 I worry about things like healthcare. Russell's kind of on the brink because of regional banks,
00:44 KRE, but look at the NASDAQ, right? I mean, so if I'm looking at NASDAQ, XLK,
00:51 XLC, Meta, Google, Apple, Microsoft, NVIDIA, SMH, now I've got to start picking sides. So I'm happy
00:58 to short a few things that I think will get tax loss harvested, whack a mold. However, there are
01:04 a lot of things that are well underway. Financials have joined the party and now the S&P is feeling
01:09 all sorts of tall and awesome with the tech and the financials helping that engine hire.