His trading advice should not be ignored unless you don't fear blowing up your account.is he a singer
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
it should be !
4400
4360
the pc ratio is what it is..the charts are what they are..you can of course look at one and ignore the other..but that would be a silly thing to do if you are trying to determine what might transpire next !!!
the more things that line up..the greater the odds
those who speak without showing anything to back up their words..it is called "evidence" in front of a judge
..are really speaking out their arsehole !!!as little judge judy would say..
"that is just hearsay"
yes..and maybe even higher..but i am willing to take on the risk at this TIME..as..i might be correct..if i am wrong..so what..i am not worried..and that is all that matters to me
btw..i don't expect to hold these positions later than the end of the month..it might even be the end of this week
yes..and maybe even higher..but i am willing to take on the risk at this TIME..as..i might be correct..if i am wrong..so what..i am not worried..and that is all that matters to me
btw..i don't expect to hold these positions later than the end of the month..it might even be the end of this week
Not intending to be dick, but my question will come off as being a dick.
Does this mean you are willing to do more adds if the market continues to rally?
the target up is 4400..now at around 4345..that is..
55 x 30 x 5 = 8250
which would bring me slightly over $10k drawdown..will i add to positions if that happens..i might..but i don't want it to happen..i would prefer the second target of 4360..which is only 15 pts away..and as i will probably be asleep..or walking the dogs..or gardening when it happens..i don't know if i will add..i will just wait and see
Brings to mind this quote.
The trickiest part of putting your money into a bearish bet is the timing. You can be right that a market or sector is overvalued but wrong on the timing. That’s essentially what economist John Maynard Keynes meant when he said,“The market can stay irrational longer than you can stay solvent.”
The trickiest part of putting your money into a bearish bet is the timing. You can be right that a market or sector is overvalued but wrong on the timing. That’s essentially what economist John Maynard Keynes meant when he said,“The market can stay irrational longer than you can stay solvent.”
Respectfully, I have to disagree with this as this suggests the market is personal or some kind of living entity.
The market is nothing but the continuous matching of orders crossing off against each other day after day as price goes up, down or sideways. Completely impersonal. It's just that - a facility which matches buyers and sellers.
Any pain inflicted on anyone in the market is only so because of their own choosing and ignorance.
Of course - if anyone is experiencing pain in the market that may influence their behavior and potentially as a result prices, too.
It is of course true that many market participants experience pain, frustration and other negative emotions. But, they brought it on themselves and it's a result of their own actions - not the market.