Bear market question for the experienced

Discussion in 'Trading' started by wjk, Sep 18, 2008.

  1. piezoe

    piezoe

    What's happening right now is unprecedented in my lifetime (born Nov 1941). This recession will not be over in two years. Real estate hasn't bottomed yet, and unemployment is still climbing. In other words we are still on the down slope. I have a feeling that the financial landscape is going to look very different by the time we start the climb on the other side of the valley. But one thing we can always depend on: human nature is not going to change.
     
    #11     Sep 18, 2008
  2. sevensa

    sevensa

    The FED is not responsible for your losses. You are.
     
    #12     Sep 18, 2008
  3. gnome

    gnome

    Apparently that does not apply to certain institutions... :mad:
     
    #13     Sep 18, 2008
  4. wjk

    wjk

    And I accept that responsibility, just like I accept the responsibility
    for all 7 of my stops getting hit today, 1 hour before the big rally. Had I stayed in 1 hour longer, I would have caught the latest government manipulation. I'm out of the game till they are done "tinkering". I'm done with stocks. No more analysts, earnings, short upticks, PDT rules, and so on. Not a good day.
     
    #14     Sep 18, 2008