65% is mostly cash, some bonds that I bought in March 2020 when yields were briefly worthwhile. why am I nervous? FOMO
Price action is all that matters. I learned the hard way that trying to figure out news vs market direction is futile. Paying attention to oil/gold crypto and the 4 major markets, paints a good picture within which to trade.
Yup. Can use news as a catalyst for a potentially stronger move if it aligns with TA as a bonus. Otherwise futile, like you say.
Ya it's tough. I don't own any crypto, I've never owned TSLA, don't have any FANG stocks. I doubt I'll ever have a year when I make 100%. On the bright side if you never amount to anything, you'll never be a has been.
I wish people would stop saying there is potential for nuclear war. Putin is a bitch - but he wants power not self suicide. If he wanted to go nuclear he'd have done it already. SMH...
It's a fair point, but keep in mind that doesn't mean everyone views it that way. Since it can't objectively be ruled out 100%, people will still perceive that as a possibility and act accordingly (even if it isn't logical or the actions they take aren't logical).
I was just making a point. I trade off of charts alone. The rest is just fodder. Good chart traders give two shits about news and the psycho babble BS that CNBC spits every waking moment. Fed policy statements is my only exception.
That is why you need to actively, manage even your long term portfolio. You cannot leave the stockmarket to move and your stocks to go down with it. So, what do you do? For most investors, you will be trading from the long side only. Meaning, you will buy stocks and trade it with the goal of notching decent sized capital gains. You will not day trade your stocks but, actively manage them. So, daily you will check each one of your stocks in your portfolio. Say you have 7 stocks in your portfolio. You look at the StockCharts, is your stock A trending up strongly, still? If so, check your stop loss (GTC good till cancelled). Adjust your stop losses higher as your stock moves higher. Trail your stop loss higher as your stock goes higher. One day, your stock will get sold even if you are not watching it closely. Chances are good, you will make monies. Do the same for your stocks B, C, D, E, F, G. You will ride the trend up, as long as it is intact and has not hit your stop loss. Refer to Stan Weinstein's book Secrets for Profiting in Bull and Bear Markets. He clearly teaches you how to set your trailing stop losses. Now, you will be properly managing each stock in your portfolio.
Because it's possible the market is in the early stages of a bear... could be especially bad one. This is the "form" of the 2000-2002 Nasdaq bear market. Same form as the 1930s depression bear market. Could be a lonnnnnng way to go on the downside.. both in price and time.