Timing tops is for complete morons. I will attempt to limit my exposure to sheer idiocy by simply removing money from the market, when profit taking calls for it. I am not going to short stocks or get long volatility. If anything, I might add to an already large (25% of assets) TLT position.
Early this morning, DSW posted much better than expected results. The stock has been in the penalty box for some time now and this beat caught people by surprise.
There will always be pockets of strength. A good trader will be able to make money, even when breadth stands at 30%.
Nevertheless, it would behoove me to not heed my own advice, yet again, by not proceeding with caution now, ahead of the Fall season.
Typically, I am subject to wild and erratic mood changes, which can/cannot lead to one hundred and eighty degree thesis changes. I am always open to the idea that I am wrong. Therefore, nothing is written in granite, sir (are you interested in game shows or not?). The world around us is evolving and the facts on the ground change, on a continuous basis (how else would they change, jackass?). So, take what I am saying to you with a grain of salt (toss it on a steak) and understand that I am especially cautious now because of my earlier woes (extra 4 horsemen).
Having said that, prepare for a final leg higher.
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All in long.
To top or not to top.Personaly I like
Onatop.
And, First!
BadDuck, you pick up that qqq and spy you were talkin about??
Sir Fly – Just curious. How did you fair during the .bomb? I was probably in High School, sleeping in Calculus class when that was all going down.
I got my brains blown out.
as you start unwinding, what is on your 5 year long list?
Is it possible to be a good trader without being schizophrenic?
no – anyone who thinks they can pick bottoms and tops is 100% schizophrenic.
It can be done, just as it’s possible to win consistently at some casino games. But it requires a level of patience and control somewhat beyond superhuman. It’s also no fun.
agreed. cant be greedy; +1% is better than nothing. win more than you lose and its all good.
I guess I am a moron.
Umm, yeah, you’ve been making ABUNDANTLY clear for some time now
I am such a moron I moved to maui with my previous winnings.
Wow $CLDX. You smoking the same cigars as OA? Awesome.