i see the humor, but you know if a buddy jokes with you a little; it's funny, then when he doesn't stop it the fun wears off fast. also, as someone with deep market experience, you know even now you cannot set it and forget it. no need to further explain as you know. furthermore, even though he is trying to make a point; this type of humor has worn thin on some good guys who bring a lot of substance to the table. next thing you know, you are left with very inexperienced people. i for one would like to appeal to those who are hurting the community to stop their ridiculous posts.
A lot of the so called 'experts' dont post anything useful for most people anyway. When I make a blunt statement like "buy the dip" "or subprime is no big deal" thats clear cut info you can use to make money. Posting a bunch of vague gibberish, as a lot of the respected experts tend to do usually isnt helpful.
BUY now and just sit back and wait 4 the rebound we still have plenty of upside to go fortuneteley for me I dont panic when market goes down because I dont have highly leveraged short term investments. I am also working on an options algorithm that will tell you when to place calls and for how much money to invest based on two probability mass functions. stay tuned for that werd
you can't average down if you are on 90% margin and over 90% of volume is speculation so averaging is not for traders. average down is for amateurs or pension funds but they are tiny part of the market and wouldn't touch a lot of the market.
Uh or markets rebounding shorties nasdaq moving higher if you look at the 5 day chart you can see we retested last thurdays close and bounced off it very sharply Great time to buy now for a quick daytrade or long term hold
Mymini, and other trader friends that believe in Santa Claus, my I suggest just one simple thing to you. Why not put a regression line on the market of your choice just every now and then. Not everyday by any means, just once in awhile to see what you can see. And i would suggest using some reasonably long time frame like at least a month at the minimum. Then maybe report back to us from time to time on whether the slope of the regression line is positive or negative, and whether the slope is changing at all one way or the other