Posted by jcomptonod on 8th of May 2013 at 03:03 pm
I agree. But knowing what you know now, it sure is hard to hold
through those downturns that come along. Of course, you could
trade weekly charts and if you didn't watch anything then you might
not see the market drop 5 days in a row. At this point
I don't think I could not pay attention to the market. I wish I
could, then I'd just trade some mechanical 8/20 cross on the weekly
or something and be just fine.
People are rarely afraid of losing money.What they are truly
terrified of is missing out on gains.That's why they hold
throughout an entire bear market in the face of mounting
losses.They are scared if they sell the market will go up without
them while their neighbors get rich.So in bear markets they hold
and hold until they have to sell
For sure, all the hours studying the markets will cause most to
over-trade, over-react and try to always out-smart the market.
I'm 100% guilty of it. That 3% dividend on the SP is
not bad over time. I know plenty of people who never check
their account balance and always go on the belief that over time,
it will grow. Lots of people shat their pants in 2009 and
went to cash (many of those people have been buying the market in
the last few months).
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I agree. But knowing what
Personal Performance
Posted by jcomptonod on 8th of May 2013 at 03:03 pm
I agree. But knowing what you know now, it sure is hard to hold through those downturns that come along. Of course, you could trade weekly charts and if you didn't watch anything then you might not see the market drop 5 days in a row. At this point I don't think I could not pay attention to the market. I wish I could, then I'd just trade some mechanical 8/20 cross on the weekly or something and be just fine.
performance
Posted by polish1 on 8th of May 2013 at 03:29 pm
People are rarely afraid of losing money.What they are truly terrified of is missing out on gains.That's why they hold throughout an entire bear market in the face of mounting losses.They are scared if they sell the market will go up without them while their neighbors get rich.So in bear markets they hold and hold until they have to sell
For sure, all the hours
Posted by kalinm on 8th of May 2013 at 03:16 pm
For sure, all the hours studying the markets will cause most to over-trade, over-react and try to always out-smart the market. I'm 100% guilty of it. That 3% dividend on the SP is not bad over time. I know plenty of people who never check their account balance and always go on the belief that over time, it will grow. Lots of people shat their pants in 2009 and went to cash (many of those people have been buying the market in the last few months).