Yea if you are on the right side you feel like king of the world, I would have felt like that on Monday morning if I didn't sell my SPXS, TZA and DUG last Friday but I did make out holding onto SDOW and SDS that monday morning to help me out greatly, aside from that Im trying to stay the course, I added longs last week and this week and now adding very small amounts of short etfs as the markets make their way higher, Im already seeing volatility move up this morning.... last 5 minutes dow just ran up about 60 points!!!
Ill take 2000, even though I added SQQQ, SDOW and TZA in the last 1/2 hour to my portfolio, then Ill add more shares at those levels....then quietly sit back and wait for the next drop, I'm still saying the market is not done dropping, last time we had a huge recovery (OCTOBER 2014) was because europe announced stimulus to their markets and draghi came out every day talking up the markets, this time its a bit different. These countries can talk all the stimulus they want, its not going to work this time around.
No one (i hope) has forgotten that steep selloff beginning only a short week ago. Actually, may (should) have put the fear of god (ie, market collapse) those that didn't get out, may want out :eek:
Let's see charts of equity markets that 'fell of a cliff' without upside bounces as a prelude to the onset of an actual bear market.
http://i2.cdn.turner.com/money/dam/assets/150825114003-stocks-rebound-nyse-happy-trader-780x439.jpg Look at the smile! Beautiful. The image filename says "happy trader".
Let's recall the last few years, markets kept climbing a wall of worry, still climbed. Bottom line is to try and see overall sentiment via charts and not mass media that mostly confuses the fuck out of a trader. Basically buy low, sell high irrespective of time frame.