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Well the indices have taken a beating this week and have all hit new yearly lows. We need to get a strong rally going and put in a bottom if not this will continue IMO. We'll see...
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9Bull0%2Bear0%6I don't know and I don't care.0%1The poll is expired.
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This Is what I said back In Mar.
My gut tells me we are good untill 3/15.Then a big correction. But my gut might feel that way from all the beer I had last nite. Because I really don't know Jack S---. ch.
Today CNBC said the trouble In the market started In the middle of March If I felt this coming why didn't I follow my feelings and go to cash?Ray Long -
lol ya, well, the trouble with the market started the first day of the yearOriginally posted by RL
That's the trouble with 'feelings' and emotion; it's unreliable and hard to know which emotion to follow. Do you follow the bullish greed and optimism brought on by too much beer
or do you follow the bearish fear of not enough hehe
Seriously though, it's never too late to go to cash and preserve capital. Or at least hedge with some setups that will protect your positions in times of real concern. Timing is always important with entries, but for the trader who isn't active and can't necessarily time the market well, luck will have a lot to do with how well your plan will turn out. Perhaps prayer might help, but it never helped me in the past.
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I just went to cash today, closing out the rest of my MTXX, average sell between Monday and today, $12.35 for about 5 1/2%. Not a glamorous gain, and I'm sure it has potential to climb higher, but the risk/reward potential in this market is really going south.Originally posted by spikefaderSeriously though, it's never too late to go to cash and preserve capital. Or at least hedge with some setups that will protect your positions in times of real concern. Timing is always important with entries, but for the trader who isn't active and can't necessarily time the market well, luck will have a lot to do with how well your plan will turn out. Perhaps prayer might help, but it never helped me in the past.Comment
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Spike thats great I'm still laughing over your reply. Have never been able to figure out If my beer drinking Is a need or a want.
As for praying don't think so but learning to listen thats another thing. Tough to sell because every time I do can't get the courage up to buy.
What ever any of us do hope we all have good luckRay LongComment
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