STILL people keep talking about "Risk" blah blah nonsense... they just dont understand... "bla bla use caution.." they don't get it... "bla bla we have topped..." they just don't know how to trade...
There are times to go long, and times to go short, no reason to be limited, and neglecting risk is a major accident waiting to happen. If you havent been there, you just havent traded long enough. If you think years like 2000,2001,2002 and 2008 will not come again, regardless of Fed then you just a Fool with capital F. For the time being, it's a Long, for how long, only the future knows, no one else, this is why risk management is paramount.
Take it from the pro: "Easiest bullmarket of my career" http://www.bloomberg.com/video/you-learn-so-much-in-bear-markets-holland-HVFhDmctRfe7P~6YAbfJVA.html
You use risk management in normal markets. Not in the last leg of a big move. Forget all your trading risk discipline mumbo-jumbo in vertical markets. There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. Paul Tudor Jones Until the last bears capitulate and stand in soupkitchen lines. Until cab drivers and seedy motel hookers quit their jobs to become daytraders... until that happens this is still the time to be piggishly greedy, fully leveraged long to the gills.
yet there are tons of permabears who come on this thread and all the others on ET calling tops.. saying this market is headed lower.... bla bla bla.... amazing the lunacy... they just NEVER listen. what did Einstein say about insanity?? they would just rather be right than be RICH from fREE MONEY $$$
This is true, ANYONE can chose to be rich, or chose to be poor. Bet against America and you're headed for the soup kitchen, believe in America and you have to be a complete fool not to make a fortune, it's that simple. American capitalism is working just fine, this bull market is just testament to the wonderful times we live in.
Ahhhh green is everywhere today...another up day....this is all fed rally and nothing else... Dow 18,000 this week in celebration of Christmas ......its not going down so just buy anything and everything ...don't worry about oil or Russia...they already fixed that problem in about 2 weeks...back to the rally Zero risk is what the markets are... 800+ points in 4 days!!!!
boom. my mistake, never a down day in the land of perfect. in other cheap oil news. market + cheap oil = like a tax cut (the cheap part) www.bloombergview.com/articles/2014-12-21/ready-for-20-oil