Jump to content

Recommended Posts

People ought to be sensible ... balance their stocks and bonds ... periodically review and rebalance ... otherwise they will have (and deserve to have, implicitly) a very unpleasant retirement ... die off cold, hungry and lonely ... apropos of bourgeois financial wisdom :D

Share this post


Link to post
7 hours ago, Caseynotes said:

I still haven't figured out how you choose direction, still seems to be the art of second guessing plus lots of hope. Try using some tools might help, I did explain the slow and fast wave in sync approach that might help, I remember you weren't impressed but it does work, just need to get your uppsies and downsies in alignment.

image.thumb.png.5c5826200b20550d1fde2f5cd37dab26.pngthat

 

 

There's a far simpler way one could have benefited from the uptrend in equities that's been in place since late December 2018.  Do you know what it is?  (It would also have allowed you to ride out the downturns and take advantage of the long-term uptrend trend too.)

Share this post


Link to post

Thanks for the input guys, very much appreciated. Having thought long and hard after a trip to my local strip joint and the whole of Saturday to be still, I feel I can make a more rational decision.

I will go with the decision I had late last week to short the Dow. Due to greed and more greed, I bet on the probability for the markets to shoot north a bit more before shorting from a higher level to extract a bit more juice. A mistake I should never have made again.

Dow 30000+, Nasdaq 10000+ will happen, but not this season. I am quite confident (trust with a pinch of salt) that Dow ~28800 will be tested and maybe even ~28400 by the end of next week. As I am currently trapped in a long position, I do hope for Nasdaq to rise a little to reduce my loss which I cannot rely on to help me out. I will start to unwind some and increase my Dow short as soon as market opens.

 

  • Great! 1

Share this post


Link to post

The end is nigh - I feel like death on two legs :(

 

  • Like 1

Share this post


Link to post

Absolutely GUTTED, it was going to be my BIG BREAK into the world of FASHION.

 

  • Like 1
  • Great! 1

Share this post


Link to post
1 hour ago, dmedin said:

The end is nigh - I feel like death on two legs :(

 

Are you taking advantage of this opportunity this time?

Share this post


Link to post
1 hour ago, Caseynotes said:

Absolutely GUTTED, it was going to be my BIG BREAK into the world of FASHION.

The face of fashion and trading...you would be the first!

  • Like 1

Share this post


Link to post
3 minutes ago, HPbrand said:

Are you taking advantage of this opportunity this time?

Oh h3ll yes, I've been eyeing this up all weekend :D:D:D:D:D:D:D:D:D:D:D:D

  • Great! 1

Share this post


Link to post

Dow finding support at the weekly chart support level 28165, at least for now, Dax following.

M5 Dax and Dow charts;

image.thumb.png.152d7a21b437b5dc293dd13aea7a3099.png

  • Like 1
  • Thought provoking 1

Share this post


Link to post

Dow already shot down past 28400. I think if it stay below 28400 this week, we are heading much further south than your 28165 support.

  • Thought provoking 1

Share this post


Link to post
Quote

Buffett said he had no special expertise about coronavirus, but that investors with a 10- to 20-year time horizon and focused on companies’ earnings power will find they have “made a good investment” by investing in stocks.

https://uk.reuters.com/article/uk-berkshire-buffett/buffett-says-coronavirus-doesnt-dampen-his-long-term-support-for-stocks-idUKKCN20I1C4?il=0

 

Just focus your mind on 10 - 20 years into the future ...

  • Like 1

Share this post


Link to post

@Caseynotes

What is your next support if 28165 falls through? If 28400 doesn't hold this week, I have 27700 or less.

Share this post


Link to post
2 minutes ago, HPbrand said:

@Caseynotes

What is your next support if 28165 falls through? If 28400 doesn't hold this week, I have 27700 or less.

yeah, 277 then 274.

weekly chart;

image.thumb.png.ed82ecc005388842b1112b91f398517b.png

  • Like 1

Share this post


Link to post

27800 seems doable today, fingers crossed ...

(Don't forget to buy the bottom :D )

 

Share this post


Link to post
49 minutes ago, Caseynotes said:

isn't he sitting on 122 Billion cash at the mo?

 

It's quite easy to tell others to be patient when you're got that kind of money for spare change.

Share this post


Link to post
3 minutes ago, dmedin said:

 

It's quite easy to tell others to be patient when you're got that kind of money for spare change.

held back rather than spare. could be some cheap buys coming up.

image.png.526340debddf1a9d0d194637060968fa.png

  • Great! 1

Share this post


Link to post

I'm getting out for the day and see what happens.

Leaving a small short position, but could likely to have a rebounce very short term. Better to keep my firepower at better levels.

Edited by HPbrand

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      8,806
    • Total Posts
      48,392
    • Total Members
      61,183
    Newest Member
    geop5
    Joined 30/03/20 07:36
  • Posts

    • This week is a crucial week for US indices I think especially end of the week. If we are going to see extreme Dow soon, the market will let us know.  The volatility is expected to pick up so money can probably be made in both directions with 1000+ points move again. I personally would not go long for a couple days. There are positions trapped right now going long from last week so I would guess some will be forced to endure some pain, unless they volunteer to take losses.
    • If it moves below $5k to maybe $4k again, it doesn't look like there is a great deal of support. Sure it can double in a short span of time but don't you think this is a very risky trade?
    • as explained earlier in the thread the cumulative risk reward ratio (auto calc'd on a spread sheet) plotted on the chart with the win rate is absolutely fool proof in revealing if a strategy is profitable of not. Also if you make any changes to the strategy the result will show up quickly in the stats so revealing whether the change was advantageous or not. Without hard statistics people have a habit of misleading themselves as to how well they and their strategy are really doing.
×
×