market weakness

Another subject. I talk to many individual investors. Most of them (out of greed) say they are not worried because they are invested in their 401K for long term but when the market goes down like 20%, they get scared and they get out at the bottom of the market. I ask them market is up over 100% in the last couple of years. Do you expect this to continue? and they look at me speechless like a deer looking at light.
 
Buy the dips then if no data "triggered it". Surely that means we'll get a monster rally on Monday :p

Seriously, as a stock "trader" you should be trading the action, not questioning why it's happening.

stock_trad3r said:
With 40 minutes to go this is is the worst day in over a year and worst back to back selling in probably 2 years

the weird thing there was no specific data that triggered it

seems like 'weakness in china' has become a catch-all explanation for any selloff
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Glorious puke day. I was short all last week adding as TNA ripped to the top of the range. Got out at just above break even early today, could have made a good killing if I had just waited longer to get out.

Might be time to visit a Trading Psychologist. I keep sabotaging my profitz like this. I pull up the sprouts before they grow into a harvest.

:mad:

"It's the sitting that has made me the most money" -J. Livermore
 
i would not be shocked to see it go up and i would not be shocked to see monday be down double today either.

R. Raskolnikov said:
Buy the dips then if no data "triggered it". Surely that means we'll get a monster rally on Monday :p

Seriously, as a stock "trader" you should be trading the action, not questioning why it's happening.
More...
 
hajimow said:
TZA is up 8% in a day that market is melting. The take off has just started. You can either short ADI and MCD stocks or buy put as a safer way of shorting. I usually do a combination of stocks and options.
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I recall you wrote similar things about BRCM and ADI and MCD in the past. After those posts the stocks went up. Is this time different?

I bought a put on MCD. It rose only 8 cents after I bought it (94 strike).
 
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