Jeffrey Carter writes, “This post isn’t designed for the active day trader. It’s designed for the average investor. The American that works a job, saves their money for retirement in a 401(k).”
Read the article here.
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Can’t say that I agree with the ideas in the post. Buy and hold hasn’t proved to be a winning strategy in the last decade (much has been written about it). The problem is really with an ‘average investor”s level of education on the markets and simple concepts like seasonality. If people spent 10% of their TV time on basic and broad concepts they’d fare a lot better. Sure it’s incredibly tough to time the market and be accurate, but most of the time there are sufficient signs out there to get out of harms way and protect that 401k balance for the purchase on a confirmed trend later. As @chessNwine mentions quite a bit, that is the advantage of the individual investor/trader – can get out and get back in easily, no huge positions to unwind.
yes, this is true.heres what i did for the downturn. yesterday i got a 7ft marlin. it was quite a struggle.i played with it for 15 min before trying to get him in. he is beautiful gray and blue. i lifted him up to get a glimps magnificent speciman. it was tuff,i was by myself. what a great gift.i called the guy who gave him to me to say thanks for the mounted fish. i didnt realize how hard it would be to tie down in the back of my truck. what a day,thanks wood.