12% + surge in 5 weeks according raymond james. .. hilarious I tell you!

This one guy I know said as soon as the markets get back to around 26500-27,000 he's selling off more than 3/4 of his portfolio. He said he's out until a big pull back comes...

 

Hmmm... I've had such a thought before myself, only to not have it happen. If it doesn't, what's he gonna do?? Lots of guys in that boat right now. ("I didn't sell in early October, but I surely will if I get another shot at it"... maybe. Change-of-mind is common. Always psychologically difficult to "fade the 'mo" )

 

Added more short ETFs just now


TWM
LABD
FAZ

Sell the rallies...unless you honestly think there is going to be a 12% surge in 5 weeks!!!! Haaaa

 

I wonder how well predicting the market works.

 

*clucks*

 

It never works.

Good thing about day trading is that we don't have to do any prediction.

 

Yes--you do. Every time you take a trade, you make a prediction.

 

%%
NOT much over 10 years.
Weather forecast, longer time frame can be right 80%......But they dont call it weather predicting. LOL.

 

That's actually how I look at it, forecast.

 

FWIW...i exited yesterday for over 700 points profit.