Everyone has a different time frame (daytraders, swing traders, long-term investors) and reason for being involved in a situation (dividend income, speculation, both). The astute trader will not only trade his own strategy, but he will strive to figure out when his time frame bleeds into another (say for example, the XBD being down 8-10 pts in a day)... to know when the value hunters come into the market and when they leave... when a move reaches its apex and when hedge funds and institutional prop desks sell to the retail investor (this year: Energy, gold). Trading equities is only a zero sum game for trite masses - who almost always lose.
===================== JNPR was over 200, looked like no stopping it; not far from the peak Remember hitting my stop late , suprised it stopped going UP Dont have much to bragg about then; wouldnt do that anyway, pride is a bananna peel
Co-worker of mine had a trust fund that he ran up from $60,000 to over a million primarily on CMGI... He blew out down to under 100k again and lost it. Needed medication. Bummer.
I miss the good old days. I was only like 15 or 16 and making $10,000/week......no money management or any type of strategy, just randomly buying based on the last tick - I remembe wondering why people bothered to work if you could gross 10k/week with almost no effort in the market....then the bubble burst ^_^
Made soo much money since last week fomr this bull market surge..so easy making money whe you are good at trading and you buy at th right points as i did
What was the '90's bull market like? For me, it seemed like every chart pattern followed through, except on Fridays. It was like being Babe Ruth. Compared to the aftermath of 9/11, and what specialists did to DOT traders, it was like shooting fish in a barrel.