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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Don't be shy, you can ask. Check out what I said 4 hours before market close when DOW was down 170
There will be a big rush to the cash register by the market close. DOW will drop 300 today. My prediction for AAPL was that it will close 124 by the Friday. MCD, IWM, ADI are big shorts. I also like shorting LL as their business seems dead now.
And DOW dropped exactly 300 points.
Whatever, Nostradamus. You also advised people to sell stocks in retirement accounts. From a long-term perspective, today is a blip...so is this week. If you're going to make long-term timing decisions, you don't make them on noise.
Think markets open lower tomorrow but turn around..NASDAQ had its biggest drop in about a year so it should be interesting to see where it closes tomorrow ......
Futures long up for now...
I thought you went net long? I believe that if we open lower tomorrow, it is a BTFD opportunity. This is coming from someone who thinks the top is on -- I am not changing that view.
Yes I do because those who are in this site are active traders and what I meant was to go in cash and reduce their exposure into stocks. There is nothing wrong with that. The fact that DOW only tumbled 300 points today did not go to zero means that there are some buyers in the market for any reason and there are also some sellers. I am just expressing my opinions and don't twist anybody's arm to sell and I am not occupying anyone's space here. There are enough space for everyone in today's internet cloud space.Whatever, Nostradamus. You also advised people to sell stocks in retirement accounts. From a long-term perspective, today is a blip...so is this week. If you're going to make long-term timing decisions, you don't make them on noise.
Yes I do because those who are in this site are active traders and what I meant was to go in cash and reduce their exposure into stocks. There is nothing wrong with that.
There are also those of us who are swing/position traders and long-term market timers. Some of us have done extensive testing and we know daily noise has absolutely nothing to do with long-term trends. And that's all we've seen recently...noise.
Assuming a few days = a long-term trend change is a novice' mistake.
Just one question. Then a 30% drop can also be considered noise in long term so why we are here when we know whatever happens in the long run will be filtered out as noise? Big financial institutions hire PhDs to write algorithms to juice out any possible dime from the market by trading those so called noise. Many traders make a killing from noise (HFT). If you do a research and filter mutual funds that have 10% profit in the last decade, you might hardly find one. That means that the current 30% to 50% yearly gain will not continue. I am here to make money out of short trends (so called noise). Noise is my bread and butter.There are also those of us who are swing/position traders and long-term market timers. Some of us have done extensive testing and we know daily noise has absolutely nothing to do with long-term trends. And that's all we've seen recently...noise.
Assuming a few days = a long-term trend change is a novice' mistake.
Just one question. Then a 30% drop can also be considered noise in long term so why we are here when we know whatever happens in the long run will be filtered out as noise? Big financial institutions hire PhDs to write algorithms to juice out any possible dime from the market by trading those so called noise. Many traders make a killing from noise (HFT). If you do a research and filter mutual funds that have 10% profit in the last decade, you might hardly find one. That means that the current 30% to 50% yearly gain will not continue. I am here to make money out of short trends (so called noise). Noise is my bread and butter.
I never said a 30% drop was noise. That would generate a sell signal in almost any long-term market timing system. This week, we've seen the S&P, Russell 2000 and Nasdaq fall between 2-3%. That's not serious enough to panic and move to cash in long-term investments as you suggested.
I agree but don't you think once market drops 30% and you panic, it is already late to sell?I never said a 30% drop was noise. That would generate a sell signal in almost any long-term market timing system. This week, we've seen the S&P, Russell 2000 and Nasdaq fall between 2-3%. That's not serious enough to panic and move to cash in long-term investments as you suggested.