Being a Perma bear sucks

[R. Raskolnikov]

Can you show us the documentation to back up this statement???.....we'll all hold on while you pull it out of your ass

Quote from erikgutz:



The thing is... usually bears are smarter then bulls

 

[erikgutz]

everything i say is like im offending someone

i trade very short term, i can buy stocks... i just wont do it in the next days

 

[erikgutz]

by "bears are smarter then bulls" i mean

"a bear is a smarter animal then a bull"

 

[Landis82]

Quote from stock777:

The net and this board were FULL of bears for the last 6 months.


They are now either in rehab for fact abuse, planted 6 feet under by their own hand, or planning a new career in 7-11 management.

There are plenty of Elliott Wave blogs out there on the net filled with "perma-bears" that have been absolutely CRUSHED.

Check out "Kenny's Elliott Wave" blog and "Danerics Elliott Wave" blog for a check on the "perma-bear" sentiment.

Some of the greatest CONTRARIAN indicators that I have ever seen.

A friend of mine told me about them and it is truly amazing stuff!

Prechter's last call was for traders to go short back on August 5th with the SPX a bit below 1000. These guys are totally trapped and now his in-house analyst is talking about heading to the 50% retracement of the entire down-move, which is 1121 SPX.

 

[Landis82]

SPX now at 1300.

Daneric and all of the other PERMA-BEAR blogging crowd have been WRONG for another 16 months. Kenny's blog got shut down and the idiots on "Trading to Win (Lose)" are starting to eat each other in order to survive, just like the Donner Party.

 

[Covertibility]

Give it time ( a couple of days ) and you'll see the Hussman fans post that guy's idiotic crap.


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[piezoe]

Quote from jr07:

During last year and even during the beginning of this year I lost a lot of money being long stocks, which made me aware and awake to short selling. I only began trading in mid-2007.

Problem I have now is I think I took it too far.. mostly fueled by blogs and opinions like zerohedge, xtrends, etc. I have now turned into a "Perma Bear" and I have been calling timber since June. I keep telling everyone markets going to crash anytime soon, making a fool of myself and losing yet more money in the process.

It seems to me being a perma bear is probably the wrong choice. After all, stocks are by nature there to go up right?

I cant believe how stupid Ive been.. its very sad

That's an honest post. You have one of the attributes needed to be a good trader: personal honesty.

If you are trading short term, and the shorter, the more this is true, you must ignore your own and other's appraisal of how the economy is doing, or should be doing, and just accept the market as it is. (However do pay attention to the dollar, as the market can not for long ignore a strengthening or weakening dollar!)

Be aware that profitable retail trading can be very difficult to learn, but relatively easy once you know how. Most of those "experts" don't know how to do it, and if their perspective is that of a long-time-horizon investor, their advice can be harmful if you are trying to trade on a shorter time scale.

Note that the day-to-day market often does not reflect reality. Trading on the basis of what you think the market should do is a great way to go broke. Instead trade according to what it IS doing.

 

[piezoe]

Quote from Debaser82:

Perma bears like shorting and gold.

The stockmarket crashed the hardest in a century in 08 and gold + goldstocks have skyrocketed outperforming pretty much every sector out there in 09 I wouldnt say being a perma bear sucks.

Obviously, gold price is a function of dollar strength. As long as the dollar stays weak or weakens further, gold price should stay high. On the other hand a weak dollar means a higher market. In the present situation, until the dollar begins a recovery, you should be a bull on both the market and gold. It makes absolutely no sense in the current environment to be bearish in the market and bullish on gold!

(A little personal advice however, I would start getting rid of that gold at the first hint that interest rates are about to rise.)

 

[gottatrade]

piezoe great comments.

Keep an open mind, the market does.

 

[Landis82]

Quote from piezoe:

That's an honest post. You have one of the attributes needed to be a good trader: personal honesty.

Note that the day-to-day market often does not reflect reality. Trading on the basis of what you think the market should do is a great way to go broke. Instead trade according to what it IS doing.

Very true.

Most "newbies" make the mistake that the stock market should have a high correlation with the current macro-economic backdrop. This couldn't be farther than the truth, especially during a low interest rate environment and a liquidity driven market.

Trade what you SEE.
Not what you "hope" to SEE.