Talking about catching knives, a few months ago I was cutting bread with my very favorite big, extra sharp, bread knife which handle is heavier than the blade. When resting it on the counter the handle wasn't and the knife flipped and dropped. On the way down it caught the little finger of my right hand. Soon enough I was in emergency surgery to stich back my artery and nerve (missed the tendon) and ended up with 17 stitches. Done catching knives! Anyway, a 2020 like drop would be ideal.
umm .. but isn't this what you are doing when you go to cash? An alternative might have been to raise stops, take out some form of hedge, invest in non-correlated assets, or maybe just take out (say) 20% of assets each step down in your favourite major index. KH
Yeah, I was waiting for someone to bring this up. This could well be another example of watching the market jump up right in front of my eyes, or it could be lucky timing. Hindsight will settle that one. This is a 401k retirement account that I've been treating like an all or nothing product. I told the rep that I would put everything back into that same plan once I'm more positive about the near future.
By end of the year am getting out of stocks where dividends just not paying enough, so approx 60% plus and moving funds to commodities and options. Returns much better. Between real estate huge increases, people flipping them like back in 2006-2008, USA printing money, stock market making insane steep angle up. Back testing proves to me trailing stops never worked for me, most of my positions were bought in 2009, think am doing smart move in 401k. But I have seldom ran with the crowd.
Right re fed, sounds like they're going to spend less moving forward, so maybe a correction starts this afternoon, who knows.... https://www.cnbc.com/2021/11/02/federal-reserve-is-about-to-set-its-post-crisis-policy-course.html
Someone wiser than me said the market climbs a wall of worry. As long as everyone thinks it's too high it'll more than likely keep climbing. When you start hearing "this time is different" it'll be time to bail.
Scalpel has already been operating this morning. All trades profitable. TR trading. Trading probing gaps and fading outer edges of TR. Stopping for a bit as I have some other work to do. Why is price in a range till Fed speak. Because there is always a bullish and bearish interpretation of their comments. Disagreement among institutions and they move the markets. Even if they are expecting a bearish sentiment if it is not as bearish as they thought things can quickly turn bullish. The chart will show it. The chart will show which side wins. Always.
%%% Good points; but angles never mean much its log or linear. An exception could include/ but not limited to a a huge steep run for month$ into SEPT/............................................... LOL but that'S more SEPT sells \ THAN any ANGLE, ; i like some dividend paying stuff , but seldom buy for dividend mainly/ qld, tqqq, spxl upro,xlf