Like so many things in the market, you can embrace the holiday trading phenomena and try to make some money, or try to fight it and hope you don't suffer too much pain while waiting for folks to come to their senses once again.
Rev Shark
It's about reflexivity and being reactionary. There are so many reasons for stocks to mark time or to fall. There are so many reasons to get conservative especially after the big first half, when the many factors that should have sent the market down didn't. There's a lot to fear, especially since what we expected to happen, didn't....yet. BUT
There is what the market does rather than what it should do. Ya gotta watch that if you expect to make some money. I've not got a lot of confidence in the market going up. But the charts don't look bad, liquidity continues to look good and you gotta ask what's the hardest trade? It's to go with what got ya here, to see that for all there is to worry about, not much REALLY bad has happened and to stay long.
And Monday turns out to have been an up day worth 2.4% for my trading account and 1% in the 401a.
Rev Shark
It's about reflexivity and being reactionary. There are so many reasons for stocks to mark time or to fall. There are so many reasons to get conservative especially after the big first half, when the many factors that should have sent the market down didn't. There's a lot to fear, especially since what we expected to happen, didn't....yet. BUT
There is what the market does rather than what it should do. Ya gotta watch that if you expect to make some money. I've not got a lot of confidence in the market going up. But the charts don't look bad, liquidity continues to look good and you gotta ask what's the hardest trade? It's to go with what got ya here, to see that for all there is to worry about, not much REALLY bad has happened and to stay long.
And Monday turns out to have been an up day worth 2.4% for my trading account and 1% in the 401a.
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