And later tonight, I am going to post my loss. All warm and fuzzy-like. But it's real fuzz, not that polyester stuff. Wonder if Fibo will?
Forgive Mr. Burke Father for he knows not what he says or does. Legendary Investor Bernard Baruch said, “when taxi drivers are telling you the stock market is a sure thing so easy money, CLOSE out your Long positions immediately” To that I will include Rickshaw and Tuk-Tuk and Bullock-Cart drivers.
Homework for newbies: Read quote first, then go see what happened today to Mr Burke. Yes, go to his thread, link is in the quote above. Now watch in awe and amazement, if the market continues down, I.e. only if it continues down, Mr. Burke will be Long and Long and go on and on about how easy money can be made in the stock market going Long every day regardless. He will continue to do this all the way to the Bear Market bottom in 2022-25 and when the Bear is over, his Longs will start working again. His preaching about easy money will continue unabated. I have counted 7 lives thus far. There’s no telling how many lives he will live. He is a remarkable fellow indeed. For deeper homework use the magnificent ET search engine and search for Mr. Burke’s Preaching continuous Longs at Oct 2018 top, Jan 2018 top, May 2015 top, Feb 2016 low, March 2009 low and oct 2007 top. I didn’t have the time to explore Mr. Burke at the Oct 2007 top with the op named Makloda, but that’s where the game began. Check it out. If Mr. Burke was there, bow in wonderment that he rode the whole Bear Long and cott the bottom perfectly while the USA had to be bailed out. Remarkable. Then ask yourself this question: How come NOBODY here noticed or voiced this lesson and what about all who lost their shirts doing such stupid stuff. Have a nice one amigos