More people lost money waiting for correction

newwurldmn said:
most institutions actively trade to produce better risk adjusted returns. Returns that have less volatility but are likely lower than the market.
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That's your reasons why you would trade a strategy that won't outperform buy and hold?

I assume then that the investing goal is to be comfortable. I see that as quite reasonable for an investor. And for a little excitement make a few trades knowing you'll probably do worse than the market return. Lottery type thinking. Trading as a hobby.

If your lifestyle depends on how you manage your capital then you have to look at your strategy. If you cannot outperform either the markets or one of the balanced funds you refer to, then you probably should not be trading.
 
murray t turtle said:
%%
Good correction on correction\defined .
IBD founder made a fortune off BUY HIgHS/it is hard to do /even harder with TQQQ.................................So buy some @ higher highs + rest some orders on a good corrrection/pullbacks against main UP trend:caution::caution::caution::caution::caution::caution::caution:,:cool::cool::cool::cool:
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Some of my best trades have been buying a new high at the close. :)
 
deaddog said:
That's your reasons why you would trade a strategy that won't outperform buy and hold?

I assume then that the investing goal is to be comfortable. I see that as quite reasonable for an investor. And for a little excitement make a few trades knowing you'll probably do worse than the market return. Lottery type thinking. Trading as a hobby.

If your lifestyle depends on how you manage your capital then you have to look at your strategy. If you cannot outperform either the markets or one of the balanced funds you refer to, then you probably should not be trading.
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Many trade because they cannot suffer the drawdowns of a buy and hold.

For example : a pension fund has to earn 6percent a year to cover their pension liability. If they don’t earn 6percent one year, the company has to put that money into the fund.

If you can outperform the market year in and year out without taking on more risk on a sizable amount of capital, you are one of the very very few.

I trade as part of my personal capital structure. It doesn’t have to beat the market, though I’m up over 10x in the last 9 years.
 
newwurldmn said:
If you can outperform the market year in and year out without taking on more risk on a sizable amount of capital, you are one of the very very few.

I trade as part of my personal capital structure. It doesn’t have to beat the market, though I’m up over 10x in the last 9 years.
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I do manage to outperform most years. I might lag in the up years but haven't had a down year since 2002.

My performance is nowhere close to yours. With a 29% annual return you'll probably be in Schwaeger's next "Market Wizards" offering.

You have my permission to keep trading :D:D:D
 
deaddog said:
I do manage to outperform most years. I might lag in the up years but haven't had a down year since 2002.

My performance is nowhere close to yours. With a 29% annual return you'll probably be in Schwaeger's next "Market Wizards" offering.

You have my permission to keep trading :D:D:D
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I was shocked at my pnl when I studied it in December. When in the weeds it was actually slow and steady with some big years and no down years.
 
Just keep buying every QQQ dip. What's funny about the dot com bubble was that the underlying thesis was correct: the internet will change everything and internet based companies will have the best growth. A 100k investment into QQQ 10 years ago is now 600k, and that's just holding. 10 years ago was also not the bottom of 2009, and timing the bottom of a correction you would have over 1 million from a 100k buy and hold investment into a passive index fund. Now if you also add in buying all the dips and reinvesting your income back into more QQQ, wow. Lastly, the fed and economists have already said that the lesson from the 08 recovery was not enough stimulus. The fed will remain in control until we are all filthy rich.
 
New historical highs yet again today. Something is going to give very soon. The amount of euphoria is absolutely offffffcff the charts....I just can't see this trajectory continuing across all assets ....there will be a stampede of sellers running for the exits very soon. Lock in profits and don't get massively greedy!!!!!!
 
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