The bears were wrong
- Thread starter Kicking
- Start date
Bears are ultimately wrong because all of humanity in recorded history has improved through the ages. So it's not healthy to be a perma-bear.
Not true. People in Europe, before the Industrial Revolution, still had lower standard of living than Romans 1000 earlier. There was no progress made whatsoever.
Not true. People in Europe, before the Industrial Revolution, still had lower standard of living than Romans 1000 earlier. There was no progress made whatsoever.
Oh yes another fair market afficionado. Did you notice, good sir, that your last post marked a 2 month top in the market? Of course you didnt, your hubris prevented you from doing so. It would be nothing short of fitting that you once again marked a top with your inability to read the markets. Good night sir.
IMO one of the most profitable strategies at the moment is still short term trading, not allowing yourself to keep on BELIEVING that your own opinion on the market sentiment is correct. All on these BB are relatively "small fish" and there is no way for you to be certain which direction the market is heading in 2,3,6,12 months time. Evaluating your capital and risking around 3% at a time should provide consistent profits, if you are convinced that you are right long term (bull or bear) CAN put your capital at risk, unless proper capital management strategies are present in your trading (ie trailing stops, locking in % profits, hedging, etc.).
Could have titled it the bears were wrong, the bulls were wrong;
both made money however.
Countertrends do have a different time frame for sure;
like to read them both.
Bulls tend to have a much harder time in downtrends, easier to lose money then.Not lkely William O' Neil was wrong in writing his shorting book some time ago.
Uptrends do tend to persist.
both made money however.
Countertrends do have a different time frame for sure;
like to read them both.
Bulls tend to have a much harder time in downtrends, easier to lose money then.Not lkely William O' Neil was wrong in writing his shorting book some time ago.
Uptrends do tend to persist.