another great day this has become too easy Why do people waste so much money on books, seminars, and other crap when making money is as simple as buying the stocks that go up in a bull market? This isnt rocket science.
Careful with the hubris ST, one day it might come to bite you. We've all seen this in 1990s before. (Overconfident speculators of momo stocks) The real key will be either a) these stocks fullfill your growth objects of a Level 1 Civilization and you are wildly loaded. b) you sell and maintain a good % of your gains. It ain't profits till its booked! As you have stated, you hold during corrections, which means if its "more" than a correction you will at least hold during the first phase of it, so I think t he real skill will be how you get out if you have to and how much you keep.
While there may be more corrections, as volatility continues its relentless decline they will become more unlikely. Instead of market corrections happening every year or so corrections will become so rare that maybe only one will occur per decade. This index could easily end the year up 45%. And then surge another 50% in 08' without much effort. Even after yesterdays so called big selloff everything is back up as if nothing happened. The buyers are gonna keep bidding these stocks up and the entire market for a long long time.
Stock I think you are getting a little ahead of yourself. You are also getting quite an ego. Neither is a good thing when it comes to trading, or an investor as you are. Be careful, the market likes to make people with big egos look stupid.
Big egos are also equated with big profits (and also big losses). At this point I'm not worried because all I see is upside for the next year and half of market before there may be any meaningful pause. Might as well make money on the way up. As I said before we have the 07 santa rally and then the 08 elections rally.
Another great day despite the fact the market has reversed slightly the usual stuff; rimm, goog,bidu, aapl, etc doing well To be honest making money in the markets shoudnt be this easy butit really is
You are the poster boy for irrational exuberance. I probably trade closer to your style than anyone else that has posted in this thread, but I still think you are headed for trouble. I'm not saying you should change your style, but you must always be aware that there is risk in what you are doing and be able to honestly assess that risk.
I am exuberant but it isn't irrational The companies in the index have massive growth, good valuations, and are extremely profitable. Also, the crush the market by a huge margin. This isn't a 90's bubble by any stretch of the imagination.
yay goog up huge, rimm up as well everything going higher so ez to make $$ next year will be astronomical expecting 100% returns werd