Talking with investors, I can tell you, everyone is waiting for a bounce, in order to blow out of their longs.
In theory, waiting for your stocks to trade up, prior to selling them, is a fucking great idea. The only problem: they may not bounce.
Bear markets work like this:
You get into a stock and immediately lose money. Then, on a minor bounce, you almost get back to break even, then BAM: off with your head. Before you know it, the stock is down 30% and you become a long term investor, due to asshattery.
Instead of living out this life of mediocrity, be proactive and blow the fuck out now, instead of waiting around for Mother Market to break your jawbone.
Naturally, we all want to be optimistic and see stocks trade up. However, unfortunately, from time to time, stock markets go lower, effectively wiping out countless hopefuls.
With my money, I am liquidating some stocks in my portfolio’s and buying more inverse ETF’s, specifically [[REW]] and [[FXP]].Comments »