I bought at 90 in August of 2015 and Sat on it through the lows of Feb 2016 and since I sold it for a miniscule profit a few weeks back it has skyrocketed almost $20+ from where I sold it! That was when I thought the market was headed higher, I placed that trade to hedge against my short positions and I watched it drop from the day I bought it, was going to double down on it but never did. Instead I knew the market was eventually going to drift higher and that I could sell it at a higher price off its lows which I did....now would I pay $100+ a share for TNA now? Fu$k no. That ETF was floating under $65 and heading lower just before the election, since the Russel 2000 has skyrocketed it has taken TNA along for the ride...I will sit patiently and wait for the pullback of at least 50% on that ETF before I consider buying it back.
Right, I understand...I'm just saying that these one directional moves create the sort of emotions that make it very easy to do something stupid.
S2007S probably owns this book: Don't eva sell! 1929 and 2008 were just very large dips that had to be bought!
Your credit line should be maxed out. Buy stawks. You should sell all your family heirlooms. Buy stawks. Can't lose!
I keep laughing at the articles that constantly repeat that individual investors have been sitting out this recent rally and all rallies since 2009....they keep saying that it's not too late for them to jump in and continue to ride the wave higher....if its taken 7+ years and individual investors still haven't jumped in on this 250%+ rally its not going to happen anytime soon. These talking heads need to get that in their head, the individual investor that once was is not coming back, doesn't matter how high stocks go, unless they see an ultimate 1929 style drop or a single day like 1987 or crisis like 2007/2008 then they might think of tip toeing back in, but these new highs aren't tricking anyone to jump back in if they haven't already!
Late spring 2009 you were counselling investors on here to sell all their US stocks. That makes you one of the worst "talking heads" out there. The vast majority of investors don't ever get out of the stock market, they buy low, they buy middle, they buy high, they may vary their asset mix to reduce risk but for the most part they do far better then guys like you trying to forecast markets based on all sorts of nonsense theories. The biggest myth on this site is that every time the market deeply corrects all the "fools" got in late and took a bath. This is NOT how most investors operate. Many traders get killed because they think they are smarter then everyone else; they do silly things like buying UWTI in a down trend in Oil and hold it for over a year.
Last time fed raised rates the markets jumped over 1% This time I guess we can expect the same 1-2% skyrocketing jump which should bring 20000 this week! The last time the Fed raised short-term interest rates, stocks rallied. On Dec. 16, 2015, when the Fed boosted rates by 0.25 percent, the S&P 500 rose 1.45 percent, while the Dow Jones industrial average climbed 1.28 percent. http://www.cnbc.com/2016/12/14/here...-the-last-two-times-the-fed-raised-rates.html