Feburary could be a great month- Stay positive

[The Swordsman]

What good does it do to stay positive (ie looking for a move back up) if the market starts heading lower again? Should I ignore what the market is saying unless it fits into a "positive" viewpoint?

Seems irresponsible of me, as a trader, to have any real opinion on the matter. I mean, other than trading what the day is providing.

 

[HedgefundTrader2]

Quote from street carp:

I'm also trying to remain positive, but I doubt February could be close to as great as January was.

Shrug it off. Everything to gain and benefit by being confident and resolute.

Things are not as bad as they have been blown into. The economy slowed down in the last quarter, but the Feds have opened floodgates of money into our monetary system. It will take Feds 1 year to raise 1.25 rates to where they used to be.

You have any idea how massive that is ?

And the Feds are not through cutting rates, once they get on this bandwagon they never stop.

Facing adversity in the F---- face distinguishes men from the boys.

 

[HedgefundTrader2]

Quote from The Swordsman:

What good does it do to stay positive (ie looking for a move back up) if the market starts heading lower again? Should I ignore what the market is saying unless it fits into a "positive" viewpoint?

Seems irresponsible of me, as a trader, to have any real opinion on the matter. I mean, other than trading what the day is providing.

Trading psychology is a mind set. If you do not have a proper mindset you will most likely make decisions that will undermine own your performance. If you despair and despond and stay down your trading will be equally dismissive.

If you do not capitulate when these lies and falsehoods and recession stories are spun around you have defeated the monster. So what if we get into recession? Would that be the end of the world? Would that be end of Wall street? Would that be something to be constantly depressed about ?

 

[ProfitTakgFool]

day7793 sounds a lot like stock_trad3r.

 

[HedgefundTrader2]

Quote from street carp:

January was a great month for me as a trader, too. I bet Warren Buffett, the ultimate long-term investor loved it too. Any time excellent companies lose significant market value is just a perfect opportunity to pick up more shares at great prices. (Panic and fear are the friends of the long-term investor as well.)

So the fact the markets have reasonably adjusted there is no reason to get as upset as the OP. Many are making attempts at discovering the hidden reason for his/her post in the 1st place...big recent personal losses from short term trading, mental instability, youth (or worse, an old fool), masochist, etc.

I came to this site originally for the hardware forums, but I like to read the Trading forum threads for the humor...mainly inane threads like this where humor is not the intention.

Enjoy yourself while you are here. No one likes to be exposed and put on display and hence this thread is one kind of denial that its inane and useless.

 

[HedgefundTrader2]

Quote from ProfitTakgFool:

day7793 sounds a lot like stock_trad3r.

I dont mind you call me names, I can respond to you in kind, and hand you your ass on a silver platter.

But I dont know how to respond to your irresponsible suspicions and all around depressed paranoia, that I am someone out there to get you as stock_trader3. You need a Psychiatrist pal.

 

[street carp]

Quote from day7793:

Enjoy yourself while you are here. No one likes to be exposed and put on display and hence this thread is one kind of denial that its inane and useless.

I don't understand. Who is ever being exposed? This is a forum. We use false names. We are free to lie about anything.

 

[street carp]

Quote from day7793:

Shrug it off. Everything to gain and benefit by being confident and resolute.

Things are not as bad as they have been blown into. The economy slowed down in the last quarter, but the Feds have opened floodgates of money into our monetary system. It will take Feds 1 year to raise 1.25 rates to where they used to be.

Thus, January was a great month if you seriously are long term. Now you can buy shares of great companies at ridiculously low prices. It's great when the market overreacts in our favor.

 

[HedgefundTrader2]

Quote from street carp:

Thus, January was a great month if you seriously are long term. Now you can buy shares of great companies at ridiculously low prices. It's great when the market overreacts in our favor.

Here is more from S&P Marketscope:


"There are several additional plusses that indicate that a rally into the spring is a good possibility. The percentage of Bullish Investment Advisors (41.6%) is within a hair of dropping below 40% which is regarded as bullish. VIX hit 37.57 on 01/22/08 which bettered the most recent high posted on 08/06/07 (37.50) and was highest since October 2002. Also, the percentage of stocks above their respective 200-day moving averages (18.8%) is the lowest it has been since the bottom of the 2000-2003 bear market. Finally, the amount of short interest at both the NYSE and NASDAQ are at near record levels which could provide significant buying power down the road. However, when there is an across the board breakdown like the one that the market has recently experienced, it usually takes some time for a solid bottom to develop and a significant rally to materialize"

 

[The Swordsman]

I'm not sure what staying positive (ie markets rallying) has to do with staying positive in ones own trading? I can be very positive in my mental state of trading is a strong selling off market. One does not need the markets to rally for one to have a positive mental state. Trading is all about taking advantage of opportunities. If the market rallies, it will be apparent in the price action that long trades are the better plays and if we continue to sell off the same can be said of price action in a declining market.

Quote from day7793:

Trading psychology is a mind set. If you do not have a proper mindset you will most likely make decisions that will undermine own your performance. If you despair and despond and stay down your trading will be equally dismissive.