It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have it, it requires 10 times as much skill to keep it.
-- Ralph Waldo Emerson
Volatility up. CLICKONNIT
Three percent down in one day and 3% up the next day. Four up days like that is a good year's gain. Four down days like that is a disaster year. You may see that round trip twice a week for a while.... Think roller coaster. Hopefully you end up where you started instead of puking your cash out at the bottom...
The long term direction is down. At the end of the day I went max cash under the rapid trading rules. I may have a few more days of bailing outa stocks to get where I want to go. Buy weakness and sell strength..... Today I sold.
[ view entry ] ( 886 views ) [ 0 trackbacks ] permalink -- Ralph Waldo Emerson
Volatility up. CLICKONNIT
;)
Three percent down in one day and 3% up the next day. Four up days like that is a good year's gain. Four down days like that is a disaster year. You may see that round trip twice a week for a while.... Think roller coaster. Hopefully you end up where you started instead of puking your cash out at the bottom...
The long term direction is down. At the end of the day I went max cash under the rapid trading rules. I may have a few more days of bailing outa stocks to get where I want to go. Buy weakness and sell strength..... Today I sold.
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