whenever the market rallies u remind me of a dog that just had a good poop
You're an idiot.Quote from stock_trad3r:
What a monster rebound! WOW never expencted such a large rally. 320 points on the dow.
Quote from amedhussaini:
Nothing annoys "real" traders more than the inability to show humility. Real traders respect reasonable analysis from analytical minds, perhaps in conjunction with a few charts, as well as the ability to remain humble (even after you've managed to flip the coin successfully a few times.)
You, Stock_Inv3stor, went "long" (whether on paper or with real money) the popular "momentum stocks" awhile back. In a bull market, 75% of all stock picks will perform favorably. You picked stocks that have major "beta" minus 1 remainder: meaning they move even more in relation to the general market. If the market goes up 1%, your momentum stocks will go up more than 1%.
You, Stock_Inv3st0r, buy and hold. You bought awhile ago. You'll hold forever. If the market really begins to turn sour soon, you'll hold on. You'll hold on forever. You'll hold until the market will make new highs, even if it happens to lose 10%, 20%, or 50% of its value before it gets to 15k, 16k, or 20k. You, Stock_Inv3st0r, are a buy and hold investor. Buy and hold. Investor.
Real traders have no market bias. We may have long-term long positions, such as BIDU, RIMM, AAPL, GOOG, just like you, but when the market turns sour, we'll buy the QIDs, we'll short the QQQQs, we'll short the DIAs, the SPYs, we'll long the bear ETFS.. all the while holding our longterm momentum stocks just like yourself.
See? We make the same return buy and hold investors make (you're a "buy and hold" investor, if I haven't made it clear enough), but we'll hedge if we want to keep our return, and cover when the turmoil is done. This is how a real trader thinks. This is what you should aspire to become. You will eventually reach this level, but for now, since you are a beginner.. just pick the momentum stocks and pretend "you know the market will continue to be bullish". This suits you.
Quote from stock_trad3r:
What a monster rebound! WOW never expencted such a large rally. 320 points on the dow.
And it will only continue. No way this rally is gonna end anytime soon. A 5 year bull market that will last for decades.
Dow 15000 by end of year and dow 18,000 by the end of 2008.
RIMM GOOG BIDU AAPL MA FXI EWZ GS VMW
all up huge and will lead the stock market in the 21st century.
DRYS ISRG DECK EXM CMG PTR
The leaders continue to lead the market.
NO breakdown.
Money HASN'T rotated out of tech.
Big cap Tech, industrials, and comodities will continue to lead the market higher.
Small cap is crap. Avoid all small crap cap stocks. large cap stocks take advantage of massive global growth and cheap dollar.
Quote from the plant:
What a monster rebound! WOW never expencted such a large rally. 320 points on the dow.
And it will only continue. No way this rally is gonna end anytime soon. A 5 year bull market that will last for decades.
Dow 15000 by end of year and dow 18,000 by the end of 2008.
RIMM GOOG BIDU AAPL MA FXI EWZ GS VMW
all up huge and will lead the stock market in the 21st century.
DRYS ISRG DECK EXM CMG PTR
The leaders continue to lead the market.
NO breakdown.
Money HASN'T rotated out of tech.
Big cap Tech, industrials, and comodities will continue to lead the market higher.
Small cap is crap. Avoid all small crap cap stocks. large cap stocks take advantage of massive global growth and cheap dollar