Because of situations like this, by your age, maybe i will master it - Related to this, been there few times. Best one was when a random guy in hotel, told me that the least amount of any shares that you can buy is 1000. And the deal has to be no less than $50 000.
It is really hard to time the top. And for many capital preservation is more important. Those of us who lived through .com and 2008 busts try to be cautious
So true! Good thing I made a LOT of money and retired in 1997 from law practice (I returned many years later) .
Which is all the more reason not to try to time the top. Most have major clues not long after the corrections start. What I've learned is it's often much easier to recognize and buy the floors ( indexes, stocks, sectors ). Far easier then calling tops. If things get dicey, I pull positions knowing there will be some easy buy decisions at some point. Takes discipline but I've gotten much better at hitting the sell button when things don't feel right.
I don't like subjects this!! When the crowd starts with "This time is different" it's time to start tightening your stops. I much prefer " It can't possibly go any higher"
It can't possibly go any higher. Crash coming after Friday's jobs report. My 3rd top call. Or not....