I told you guys...closing positions for a loss is for fools.

That's just part of being a buy and hold investor. You never stop out,you just sit through the pain of a massive reduction in your liquid assets. Unless like I say you're FORCED to sell for some reason.
 
tomkat22 said:
That's just part of being a buy and hold investor. You never stop out,you just sit through the pain of a massive reduction in your liquid assets. Unless like I say you're FORCED to sell for some reason.
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No one on this Forum should be a Buy n Hold investor.

Everyone here can at least stick a 20, 50 or 200 SMA on a Chart, at the very least.
 
tomkat22 said:
That's just part of being a buy and hold investor. You never stop out,you just sit through the pain of a massive reduction in your liquid assets. Unless like I say you're FORCED to sell for some reason.
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You guys, you need to understand that when I give a worst case scenario its not the plan, its a worst case scenario. Clearly if you are buying at the top of a rally you need to rethink your life lol.
 
Darc said:
No one on this Forum should be a Buy n Hold investor.

Everyone here can at least stick a 20, 50 or 200 SMA on a Chart, at the very least.
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Lol moving averages don't exist. They have no affect on price...pure voodoo.
 
Darc said:
What you're basically advocating is Dollar Cost Averaging. Better to buy the Dip, rather than Dollar Cost Average, for people like us who have or should have an understanding of Trading.

Its the time factor, or the Opportunity Cost of holding on all the way down. How long are you going to wait to get back to Breakeven, when you couldve cut your Losses, then bought the Dip and be back in the Green a lot sooner.

But Stocks and Crypto etc, not closing a losing Position seems like Russian Roulette.
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No I'm not advocating dollar cost averaging. You guys are so clueless about TA that you can't fathom having the confidence to pull off a swing trade. Instead you cling to stops. EVERY position you take will end up in the red...nobody ever gets the bottom lol...the trick is getting near the bottom and averaging down hopefully a few times.
 
wxytrader said:
Lol moving averages don't exist. They have no affect on price...pure voodoo.
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Point taken, but stick a 20 SMA on the SPX for the past 6 months and notice the Support it seems to provide. There is a bit more to it than I think you realize.

Anything similar even if it whipsawa you occasionally is better than Buy n Hold and riding down a Correction or Crash.
 
Darc said:
Point taken, but stick a 20 SMA on the SPX for the past 6 months and notice the Support it seems to provide. There is a bit more to it than I think you realize.

Anything similar even if it whipsawa you occasionally is better than Buy n Hold and riding down a Correction or Crash.
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Perfect example of something that is un-tradeable if you aren't prepared to go stopless and think long term with averaging down.

upload_2024-4-23_4-25-56.png
 
wxytrader said:
Perfect example of something that is un-tradeable if you aren't prepared to go stopless and think long term with averaging down.

View attachment 338802
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I'll stick my Neck on the Block even further. Thinking from a Fundamental perspective, I don't think we've found a Bottom yet, just Deadcat bounces. But that's for another Thread.
 
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