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Still not a bear market
- Thread starter stock_trad3r
- Start date
Hey kiddo,
Listen to these words and take some advise.
Almost every successful (and unsuccessful) trader here in ET land has gone through the same drama.
First they experience some gains and then they are hooked into thinking that is all or what they are to continue and expect.
Then they get a little knowledge with their limited experience and put 1 and 2 together and come up with a reasonable plan that does make some sense.
Problem is all the bugs have not been worked out - not that the basic premise you wish to stand by is incorrect.
Then market realities unfold as they ALWAYS do an well the painful, expensive lessons begin.
You think these stocks are infallible - especially at their current price levels. You (for now) don't want to believe we need to experience the market (down) cycles because you dollar-cost averaged (a BIG no-no, unless you KNOW what you are doing).
Yes the earnings have had incredible momentum and institutional buying that propelled these stock to great technical strength. Do you remember when we told you that every market correction will bring down even the most stellar holdings? In fact these go down just as fast as they go up. They need to build bases (consolidate) and find further growth in earnings and big-money support to continue as you'd wish - which is definitely NOT written in stone
After all you feel we must have already experienced more than enough pain. Truth is we haven't. Until the most vocal of perma-bulls get silenced to adapt or quit trading, the worst has not been felt, yet. We need capitulation and everyone screaming for the exits at any cost. Hasn't happened yet, and the longer we are below moving averages/support and the more technical damage (time) for your favorite stocks the harder it will be for them to appreciate to a once-again profitable level.
When they do get a bump, most people will be tired of holding them and be quick to unwind to salvage as much as they can - i.e. resistance levels.
Then for the market to re-emerge into a healthy bull market, new leading sectors and stocks will rotate into place and be the next mo-mo stocks and the ones you are holding most always don't re-emerge as new leadership.
So there you have it. You can bang on your drum all day. Shift around to what YOU think is going to get you back to even, but truth be told you didn't know what you were doing to begin with and have a slim prayer of emerging victorious from your standpoint.
"I never fail"? Well take some advise and prove it. You shouldn't hinge your hopes on whether or not we enter with the S&P 500 into the classical definition of a "Bear Market". And you should admit sooner than later who and what you really represent with your postings.
All the rest is just fluff, since OP's don't care and the market certainly doesn't care.
Just a word of advise, take it or leave it.
pS
Listen to these words and take some advise.
Almost every successful (and unsuccessful) trader here in ET land has gone through the same drama.
First they experience some gains and then they are hooked into thinking that is all or what they are to continue and expect.
Then they get a little knowledge with their limited experience and put 1 and 2 together and come up with a reasonable plan that does make some sense.
Problem is all the bugs have not been worked out - not that the basic premise you wish to stand by is incorrect.
Then market realities unfold as they ALWAYS do an well the painful, expensive lessons begin.
You think these stocks are infallible - especially at their current price levels. You (for now) don't want to believe we need to experience the market (down) cycles because you dollar-cost averaged (a BIG no-no, unless you KNOW what you are doing).
Yes the earnings have had incredible momentum and institutional buying that propelled these stock to great technical strength. Do you remember when we told you that every market correction will bring down even the most stellar holdings? In fact these go down just as fast as they go up. They need to build bases (consolidate) and find further growth in earnings and big-money support to continue as you'd wish - which is definitely NOT written in stone
After all you feel we must have already experienced more than enough pain. Truth is we haven't. Until the most vocal of perma-bulls get silenced to adapt or quit trading, the worst has not been felt, yet. We need capitulation and everyone screaming for the exits at any cost. Hasn't happened yet, and the longer we are below moving averages/support and the more technical damage (time) for your favorite stocks the harder it will be for them to appreciate to a once-again profitable level.
When they do get a bump, most people will be tired of holding them and be quick to unwind to salvage as much as they can - i.e. resistance levels.
Then for the market to re-emerge into a healthy bull market, new leading sectors and stocks will rotate into place and be the next mo-mo stocks and the ones you are holding most always don't re-emerge as new leadership.
So there you have it. You can bang on your drum all day. Shift around to what YOU think is going to get you back to even, but truth be told you didn't know what you were doing to begin with and have a slim prayer of emerging victorious from your standpoint.
"I never fail"? Well take some advise and prove it. You shouldn't hinge your hopes on whether or not we enter with the S&P 500 into the classical definition of a "Bear Market". And you should admit sooner than later who and what you really represent with your postings.
All the rest is just fluff, since OP's don't care and the market certainly doesn't care.
Just a word of advise, take it or leave it.
pS
Hehehe, dollar cost averaging. A way to disguise breaking a cardinal rule, never add to losers.
Good advice paysense, but I feel pretty good right now. I'm down about 12% for the year for my whole account from 12/31/07. I am slowing adding more money to my positions, which I did a few days ago by buying MOS and replacing EWZ with ISRG and FSLR. Overall, this isn't the end. Nope.
When the dow goes back to 14,000 soon I know I'll be up way more then 12% this year.
When the dow goes back to 14,000 soon I know I'll be up way more then 12% this year.
premarket up huge gain
I guess it was time 2 buy
MOS MA BIDU GOOG MA FSLR EWZ ISRG
I guess it was time 2 buy
MOS MA BIDU GOOG MA FSLR EWZ ISRG
Quote from stock_trad3r:
premarket up huge gain
I guess it was time 2 buy
MOS MA BIDU GOOG MA FSLR EWZ ISRG
LOL
You understand ZERO about the state of the economy and all the peripheral aspects.
I told you a year ago that any decent trader plays the short side as well as long.
How are those pre-market gains holding up?
Instead of "I guess it was time to buy" one might say "I guess it was time to take profits" or "I guess it was time to go short".
Market will clsoe green today so it don;t matter anyway. 5 more hours of trading.
Quote from stock_trad3r:
Market will clsoe green today so it don;t matter anyway. 5 more hours of trading.
Do you ever stop? If I recall correctly, you are still holding your positions from a while ago and if you still have them and are trading on margin, you have no money left.
So please just stop running your mouth.
You know if you just admit to yourself that you are lying to yourself. You will and still can save grace.
Quote from stock_trad3r:
Market will clsoe green today so it don;t matter anyway. 5 more hours of trading.
I'm making an appointment with my optometrist --- I fear I'm color blind. Did we close green?
I have no idea as to your education level --- but you really need to read about the economy and all that's going on and have someone -- anyone -- explain to you how bad things truly are. You've lost a ton of $$$, your paper profits, with your buy & hold mentality. BTW, how's GOOG? Only down 300 or so from 52 week high. You still holding that?