If folks like me are piling in, maybe the top is near? https://finance.yahoo.com/news/retail-investors-pile-stocks-fund-managers-move-194043797.html
I am 100% long and recent dip bought on margin even Dow 30 that's in uptrend and SBUX, although am short Index futures which is totally different system, I generally trade trend regarding stocks. Corporate taxes reduced to 20% is huge money, people insane to be getting out. But remember, I hedge any trade over 30 minutes duration. We live in insurance world.
Whatever I do will be the wrong thing. I'm scared to death this is the end of the looong bull market. So given that signal at worse we'll probably be only down a few percent for the next few months, maybe even back up significantly. But I just got them bad feelings in my bones.
No one has a crystal ball -- it's not even worth debating and wasting your breath of what the future direction of the market potentially holds a week or month or year from now. If and when, yadda yadda , Managing or predicting the daily macro trend is slightly, generally easier. For me, at least. The trend is your friend, till it's not. And therein lies the skill and intuition of the trader. and the devil is in the details. You can become a millionaire in a year, by just applying this relatively...somewhat basic, vague formula. I need a double espresso, I wish I had a fancy $5K machine. -- All I have is a $12 very basic, plastic simple coffee machine. For the past week, I've been contemplating quitting coffee and tea for Gatorade. If you buy it in raw Powder form drink mix, it becomes really cheap. You can make a 50 gallon drum of Gatorade for like only $10. 2018 ET, all the best,...I need to walk my beagle.
Handle123 goes to Starbuck and saves himself from spending for a $5K machine. And don't tell me you lost so much money you have to give up coffee and economize?