Apparently the sky is falling

[BONECRUSHER]

Finally an ET oldtimer comes up and states unequivocally that he is SUPER Long. I like this very much. .

But his brethren, the Herd might not like it that this fella has made a definitive confession. There might be consequences like shunning, ostracizing, cussing directed at him

But the entire site is super Long. So everyone here is aligned 100%. So Simple's statement in effect is nothing new, i.e. same-o same-o.

As stated before the Crowd sentiment sits at a lofty 99%+++.

To be revisited down the road apiece. Peace to all

Have these people not gone through enough bear market crashes? I know Scat has, I'm sure some of the others have too, but many act as if they've never gone through any. I lost my ass in the 87' crash, but 60% cash in the 2000 crash protected me, and 75% cash in 2008 was very nice indeed. So, it shows I learned a lesson as time went on.

I understand the buy regularly and for the long term mentality, but I also believe in the buy as much as you can in bear markets and sell more and more as the market gets higher and higher.
Not everyone should be market timers, though. My father has done very well holding through every bear market in the last 40 years, but he also knew bear market crashes were going to happen...he was prepared to be patient. He just believed it's too difficult to time the market anyway, you have to be right twice...when to get out and when to get back in.

I now know Simple is going to go all cash when he gets to the million dollar level, but what if he gets to the 900k mark and then loses over half? It will feel like starting over again. I'm just saying it's possible and be prepared. Good luck to all that are long and strong!

 

[fibo_trader]

Have these people not gone through enough bear market crashes? I know Scat has, I'm sure some of the others have too, but many act as if they've never gone through any. !

Excellent post, Sir


answering your question in quote ........

Use ET search engine and go back as far as it allows to prev. tops/bottoms. You better sit down or hold the railing. It is time consuming research which is why NOBODY here will ever take the time. Therein lies the easiest explanation for why 95% traders fail. They show up for a gunfight with a stick.

But you will gain incredibly valuable research into the Herd instinct and how the Herd is ALWAYS wrong at every major top/bottom. Its akin to getting a Phd. in Herd psychology and Mechanics.

Counterintuitive is the fact that ET deals with both TA and FA and they do this day in and day out, YET they always get a turn WRONG and therefore on the wrong side of the market.

Start with the thread below, its a live thread run by Mr. Burke. But go to the beginning in 2007
and see for youself how the ones bellowing thru' a megaphone how easy money comes your way every damn day in the markets - got destroyed systematically murdered by SPX. Then go to the sistine chapel and pray for Mr. Burke (Rickshaw Man)


https://www.elitetrader.com/et/threads/gotta-love-zero-risk-in-the-sp500.85694/unread

 

[Stockolio]

Great video from March 2018, this guy is a freak in economics

 

[SimpleMeLike]

BONECRUSHER,

It's been very simple for me the past 10 years, I don't even check my account but once a year to increase my monthly contributions by 2% each year with all money going directly to the SP 500 index, then I logout. When my account get to a million dollars, then I move the million to cash only. Simple, Easy, and less stressful and most importantly less confusion. I just check my account today and my account is up over 10% for the year so far. This is easy.

Bear market my ass, I'm sticking to girl I came to the party with. Long and Strong.

Long and Strong SP500 index. Go to the moon baby.