How are you positioning for the eventual Market top?
- Thread starter Sean McLaughlin
- Start date
Ok. Got it. Jack Hershey sucks. Moving on....
More discussion on how we are going to capitalize on the next big downdraft....
Not looking for market predictions, just constructive ideas of what to do and when to know when/how to step on the gas.
More discussion on how we are going to capitalize on the next big downdraft....
Not looking for market predictions, just constructive ideas of what to do and when to know when/how to step on the gas.
So you're long gold and short dow? Not a bad position, but it looks like you could take a lot of heat and have to sit on it for a while..
In a different fashion, I have been using the strength to reduce my debt exposure, and raise more cash. (this is my short position investment -- and actually have not lost much financially with these sells -- which has been a pleasant surprise). daily, i have no long, or short trading bias.
You and others trying to call a top are too fixated on the rear-view mirror and/or imposing your opinions on the market instead of simply accepting what is. I remember a crash mentality carrying well into the 1990s from 1987. On a macro level, higher is more likely than lower based on how Warren Buffet estimates overall market valuation and also on index levels back adjusted by CPI.
Quote from Rabbitone:
Nice looking trade
Tried to let a nice winner run and it retraced above 50% of the move after the open and I stopped out for $7.
That's the downside of trading 1 lot. But I got right back in @ 1165.25 on the failure to follow through, and took $160 profit @ 1162.00, learned my lesson!