Bulls have the definitie edge over the next 6 months

Just curious . . .

Would you be so kind enough to explain your money management strategy given that you are looking for a 5% gain to sell your longs?

For example, if you buy a "dip" in the market, what would you DEFINE as a "dip" to get long on in regards to the SPX and what is your stop-loss given such an entry point?

 

Sure... I will buy any day the S&P is a full 1% below my cost basis of 141.03 on the SPY's. I will always have a hard stop at a level just in case something extraordinary happens but I will sell my position at a loss based on my sentiment indicators in the market... not a predetermined price level.

 

where do you see the s&p in 6 months??

 

I see it higher than where I bought... my goal is to take profit at 5% above my cost basis or just close out the position in 6 months, higher than where I bought.

I have no idea what price the market will be in 6 months... I just believe it will be higher than where it was when I bought a few days ago.

 

The crystal ball, my friend. The best trading tool ever !

 

Bears...... where art thou?

 

=) I can actually hear the bears squealing... there's still room on the bandwagon if you want

 

Doesn't sound very objective.

 

Objective in what sense?

 

Average down and wait 6 months.... sounds like a Plan

Just curios, what month contract are you taking your position in ?

What if the market takes off to new highs from here and doesn't look back ? In that case you won't get another chance to average in. Might be better to load up the boat now before it leaves the dock !