Correct 50% seen that at some point, but forgot to correct it. The rest stands - especially about guessing right up or down. Long or short. Do you only trade one direction? Really?
Buy and Hold: A long term trend following strategy with no risk control. I don't disagree if your time frame is long enough and you can stand the roller coaster ride. As a trader I believe there are more efficient way of taking advantage of the opportunities the market presents us.
At least you admit you were wrong. No I don't and you are missing my point completely while you threw out a different argument. Any asset generally has a floor at 0 while the upside is generally unlimited. It is a dumb idea to be a dedicated short.
Heard on Real Vision of a guy who had a fund made purely of shorts. 400 positions or so (all fundamental garbage, fake google maps headquarters in the middle of desert etc.) & sometimes wouldn't cover till it went 400%-500% against him. Don't know the track record tho, might be just sweat talk. (don't watch the channel anymore either) Laughs. ,,Dedicated Short''. Sounds like someone from those jokes : ,,A dedicated short & TSLA walks into a bar''
Rinse and repeat you post this crap every year. Every asset class in NOT in a bubble. I can easily find energy stocks that are still down considerably from even just a couple of years ago. I can find miners that are a half or less of the price they were the last time precious metals were at these levels. You constantly use the bottom of the deepest corrections as a reference point. It's about the worst reference point you could ever look at, the price a stock went to when weak hands were bailing in a panic. BMO at $56 Cdn for example. It's $115 now. The old value pre-Covid was $104. $104 is a good reference point. $56 is a stupid reference point it'll never see that stock price again. I recommended it last March at $60 with a 7%+ yield. You were too busy talking about how the SPX was going to 1000 or 1500 to notice. And it's also listed on NYSE so that's no excuse. I heard today that retail sales in the US are already at an all time high, that the recession was over months ago ( but note that many investors took an extra two years in 2009-2011 to realize it was over ) . The expectation was presented that later this year the SPX earnings will be at an ATH. Given that markets are forward looking, it's not a surprise really that the SPX is at an all time high. Just a matter of finding where it should be considering GDP may grow 6-10% this year. Granted when you believe the SPX should be at a P/E of 3-5 all the time you will forever be hopeless at forecasting the SPX. I could be you and say why would anybody buy BMO at $115 when it was $56 a year ago, when it reality the key notes are it went from roughly $95-100 to $115 over two years and that's not a big move for a company in an oligopoly with rising earnings. Would I buy it at $115 ? Probably not, but if it drops 10% at some point it's a good buy for conservative money.
%% Good points. I seldom pay attention to cnbc or subjective stuff like ''bubbles'' . SEPT sells .....is such a common pattern i may help the bears a bit...............................................................CNBC charts look like they were drawn by kids/LOL good way to save money,maybe,
I am not strong in math. Just know the basics, add, substract, multiply, divide... So I miss the "higher math". But it's nice to see that while I miss the higher math, some math wizards apparently miss the basics.