ES Journal - 2021/2022

Discussion in 'Journals' started by Buy1Sell2, Dec 15, 2020.

  1. schizo

    schizo

    But judging from what I've seen in the two previous bear markets (2000 and 2008), you would be amazed to see these "bargains" today can actually turn out to be "real cheap bargains" tomorrow. Not saying your premise is wrong, but what you're seeing is not a bull market pullback. You shouldn't approach the bear market as you would a bull market.
     
    #9621     Oct 25, 2022
    Laissez Faire likes this.
  2. To each his own. I don’t understand why you ask questions like was it a bargain at ATH, I didn’t start buying anywhere near ATH. I believe in Mark and his team, he is a winner and META is a financially sound company. You can choose to chase when price turns, you didn’t really say when you’d consider trend reversal anyway, I choose to buy when price falls and keeps falling.
     
    #9622     Oct 25, 2022
  3. You could also miss the train entirely by waiting a repeat of .com or credit crunch, neither scenario are likely at present.
     
    #9623     Oct 25, 2022
  4. schizo

    schizo

    On what ground are you so certain?
     
    #9624     Oct 25, 2022
  5. SunTrader

    SunTrader

    I said:-

    "...wasn't it a "bargain" @ $283 .... and $183 ... and $153 ... and ... and ... ?

    IOW after it dropped $100 and so on, not @ ATH.

    "I choose to buy when price falls and keeps falling."

    Really? That's gotta be a typo?
     
    #9625     Oct 25, 2022
  6. schizo

    schizo

    I'm just saying. No need to get riled up. :) Wish you the best all the same.
     
    #9626     Oct 25, 2022
    Master Pu likes this.
  7. Because some well-known folks on this site keep trying to short this market!

     
    #9627     Oct 25, 2022
  8. schizo

    schizo

    You ever heard of "dollar cost averaging"? When price falls, it's considered a bargain. That's what INVESTORS do.
     
    #9628     Oct 25, 2022
    Master Pu likes this.
  9. Not a typo. This is exactly what investment is all about. You seem to be confusing it with trading.
     
    #9629     Oct 25, 2022
  10. schizo

    schizo

    Nah, I go both long and short. I'm more flexible than you might think. :)

    (Whereas some folks only go LONG.)
     
    #9630     Oct 25, 2022