No, I had stops, in these cases, pretty wide (previous highs,
etc.), trying to swing these to no avail. With all the "warning
signs" and trying to be cautious about going long, I didn't have
any longs. But the shorts were only about 15% of my entire
portfolio. This is a VERY hard game to play....
Let me clarify that, It's very hard to pick tops. It's
better to let the market top pass you by in the rear view mirror
and then short an oversold bounce. Or short resistance with a
tight stop.
But as far as playing the market, it's best to trade 80% of the
trending move and let the top and bottom pickers try to catch the
top and bottom and the 20%, 10% around the inflections
The inverse ETF's I put out there were objective trade ideas but
very aggressive and honestly better as hedges against existing
longs
in the future I may not put those index ETF's ideas out and let
the market first form a clear market top with the trend change.
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No, I had stops, in
indigestion
Posted by frtaylor on 1st of Feb 2011 at 01:07 pm
No, I had stops, in these cases, pretty wide (previous highs, etc.), trying to swing these to no avail. With all the "warning signs" and trying to be cautious about going long, I didn't have any longs. But the shorts were only about 15% of my entire portfolio. This is a VERY hard game to play....
Let me clarify that, It's
Posted by matt on 1st of Feb 2011 at 01:13 pm
Let me clarify that, It's very hard to pick tops. It's better to let the market top pass you by in the rear view mirror and then short an oversold bounce. Or short resistance with a tight stop.
But as far as playing the market, it's best to trade 80% of the trending move and let the top and bottom pickers try to catch the top and bottom and the 20%, 10% around the inflections
The inverse ETF's I put out there were objective trade ideas but very aggressive and honestly better as hedges against existing longs
in the future I may not put those index ETF's ideas out and let the market first form a clear market top with the trend change.