I have a positive attitude while trading, either long or short the end result is to hopefully profit. I have a positive attitude about the shape of our economy at this moment, I am more comfortable being short that I am being long. There are systemic problems in the economy at this point in time..The mkt is coming off a 4 year uptrend, the volatitity is there, this is the time to trade, not worry about whats one's "attitude" is. Day, you need to grow up, and accept that there are traders and you are not one. Back on ignore you go, i'm sure none of this makes any sense to you.
Don't try to make sense of the market, even with the doom and gloom, if there are still people stupid enough to buy it, it will go up. It's not what you think, it's what it does that matters and go along with it. Well hopefully your just not one of those scared short thinking posting in this thread will make a difference. Because it won't!
Moderators - this stuff is pretty inappropriate here. Lotsa porn sites if thats what people want to see
pal, looks trading is not for you. to me, whether it is up or down, I am just happy since the market is moving, that means money making opportunities. we as a trader, not try to tell the market how to move and where it should move, the up/down is out of our control, just as you drive your car on the road, you must follow the signs and pay attention to traffic since the traffic is out of your control and the road is alreday there whether it is straight or zigzag or up/down fuzzy shape, .... if you get a fuzzy turn, you must turn your car skillfully or you are stubborn, you want the road be straight, you bump into a power post or other cars! trading is tough to learn since the market changes direction without any notice, the chart lies, the technical analysis support/resistance lies, so does the news media, erery day the market is new and unique...it is designed not for ordinary people! that iw why you are frustrated
whos to say what trading is, what the market is. its constant trial and error(of course not by flipping coins but depending on ur creed), and the market happens to reward you if you are on the right side....not much of a skill as people would like to think. just like america's innovations, the environment allows trial and error without punishment, eventually someone comes up with things like google, msoft, cars.
I don't agree. Parking and investing are different. Money in a money market fund is parked. Money in bonds is risky right now, higher interest rates will arrive at some point and surprise a lot of people. Don't get caught. Opportunities abound right now for medium and long term. Look for battered bank stocks, for example, that have minimal exposure to bad paper and whose earnings will suffer little in an economic downturn and start accumulating them on dips. Don't buy all at once because no one knows when the bottom will be in, but add to your positions as the market moves lower and be happy. During bouts of irrational exuberance take a little off the table. Stocks that pay dividends and maintain good earnings are supported against irrational downdrafts. Bank the dividends while you're waiting. Medium and especially long-term is easy right now. Look also for out of favor tech stocks of sound companies. Keep builder and real estate stocks in mind. The truly long term investor can start accumulating them now, even though the turn-around may be a number of years off. When Wall Street downgrades a stock wait for the smoke to clear, then step in. That is what long term is all about. On days when the Dow is down 300 or more points step in and buy. If you expect rampant inflation, i do, commodities can be a good place to "park". I like oil and aluminum; these have already started to move. Try to think ahead of the crowd. Just don't buy junk, and don't put all you eggs in one basket, but avoid having to many baskets to watch. The rules for medium and long-term investing are the same as always, and right now opportunities abound and will very likely get even better late this year or next..