you are looking at it the wrong way. mom/pop generally do not
make good decisions on the market historically. Also they
rarely want to make changes and simply buy and hold, for them to
start placing $1 stops on long term positions like MSFT and AAPL is
way out of norm. I mean hey if they are the expert now, I'll
gladly step down and let them do the newsletter for you
look doing fall into the trap of thinking mom/pop or buy and
hold investors are now geniuses. What the hyperbolic market
has done over the last few years is make anyone who buys and holds
feel like they have it figured out etc, while ironically many
traders who know 1000 times more did not do as well because they
over thought things, sold when prices were overbought only for
prices to get overbought.
everything goes in cycles, the last few years your neighbors who
have 401Ks and make no changes are the winners, while one day in
the future be on the wrong side again when the market enters a bear
phases and more of a chop phase.
however the whole point to my post below as the the buy and
holders are starting to 'short term' react to things, and place
tight stops, vs just buy and hold like they used to. That's out of
norm.
again we can all learn form each other. I've told Steve many
times - short term trading is fine but there's also a place for
recognizing when to hold. I think our trade sets here are
outstanding, I've giving you my long term favorite ideas, and our
daily and 120 min higher low systems allow you to ride these
uptrends for as long as they will go on, while at the same time
being protected
enough rant, time to record the newsletter
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you are looking at it
So that s the long awaited correction- and now back ...
Posted by matt on 23rd of Jan 2020 at 06:18 pm
you are looking at it the wrong way. mom/pop generally do not make good decisions on the market historically. Also they rarely want to make changes and simply buy and hold, for them to start placing $1 stops on long term positions like MSFT and AAPL is way out of norm. I mean hey if they are the expert now, I'll gladly step down and let them do the newsletter for you
look doing fall into the trap of thinking mom/pop or buy and hold investors are now geniuses. What the hyperbolic market has done over the last few years is make anyone who buys and holds feel like they have it figured out etc, while ironically many traders who know 1000 times more did not do as well because they over thought things, sold when prices were overbought only for prices to get overbought.
everything goes in cycles, the last few years your neighbors who have 401Ks and make no changes are the winners, while one day in the future be on the wrong side again when the market enters a bear phases and more of a chop phase.
however the whole point to my post below as the the buy and holders are starting to 'short term' react to things, and place tight stops, vs just buy and hold like they used to. That's out of norm.
again we can all learn form each other. I've told Steve many times - short term trading is fine but there's also a place for recognizing when to hold. I think our trade sets here are outstanding, I've giving you my long term favorite ideas, and our daily and 120 min higher low systems allow you to ride these uptrends for as long as they will go on, while at the same time being protected
enough rant, time to record the newsletter