no you are not. You were advising people to get 2nd mortgage and go all in at ALH during elections year after unprecedented run. I am on the other hand said, wait a bit, there will be dip. And a dip we got.
so who is a visionary????
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no you are not. You were advising people to get 2nd mortgage and go all in at ALH during elections year after unprecedented run. I am on the other hand said, wait a bit, there will be dip. And a dip we got.
so who is a visionary????
sigh.... your memory loss problem.
where? You said all in a month or so ago and kept saying it. I said not so fast. If there is a memory loss it is on your end.
It's exactly this kind of thinking that "nothing can happen, everything can be bailed out forever" that makes the future of markets more fragile.
So, if u pile up with leverage thinking that everything will be bailed out then the market will take another 30% dive just to get you out and then reverse it all back. And it will do so, as long as you keep buying with a stop below.
I want to refer to the notorious swiss frank back in 2015 when everyone piled up longs on EURCHF thinking that they got central bank floor behind their back. So, i can't lose right ? Wrong. It was the Central bank mistake to shout out a fixed floor for swiss frank, that made all the bad quality traders with stops ruin the whole situation. That's why they backed off, noone can support free lunches.
So, be careful about thinking that everything can be bailed out forever. There is a limit to everything. You should already notice it if you look close enough.
yeah people all come out with philosophy lessons after a couple of weeks down...
look what close enough... my average cost, after this much selling, is still 50% of today's price.
nothing has changed... so what if we get a 5% gdp drag, just pent up demand.
Nah, i think you got my idea wrong. If there's no underlying need for you to get out of a market WHATEVER the price is then you will be fine forever.
It's just that when people assume certain things and then rely 100% on that assumption hoping for a free lunch then it'll usually turn against them for a very simple reason.
of course nothing is 100%.... but what's the alternative... there is one asset class that's still worth buying... so what we are down a few %, stocks are supposed to be volatile.
you can back test whatever, there is no way to avoid it.
the reason my cost is so low is exactly because i have a baseline purchase that I never stop.
