Who's ready for the downside?

    Posted by stevieb294 on 20th of Apr 2020 at 04:44 pm

    Who's ready for the downside?

    Thanks for posting.  Everyone is

    Posted by ssaffer on 20th of Apr 2020 at 04:47 pm

    Thanks for posting.  Everyone is looking at $SPX 3000 at the final target for wave "C", what if that never comes?  What if 290 was it?  Then you will have a lot of people caught off guard and could be in for some pain.  

    we are in middle of

    Posted by arun on 20th of Apr 2020 at 04:55 pm

    we are in middle of earnings...usually big drops unlikely to happen because all the bad news is priced in.... my guess is any dip will be bought

    "in the middle of earnings

    Posted by stevieb294 on 21st of Apr 2020 at 06:44 am

    "in the middle of earnings season" yes, but can you even imagine how bad those earnings are going to be with the entire economy shut down. This will be like no earnings season wee have ever seen.

    I agree. Also what seems

    Posted by tgo5043 on 20th of Apr 2020 at 05:13 pm

    I agree. Also what seems most obvious usually doesn't pan out.

    That's a good way to

    Posted by tahoe on 20th of Apr 2020 at 05:40 pm

    That's a good way to put it - from all the data and all the analysis - what you expect to happen - most likely will not - and what does happen is something you probably did not expect - hence the advice of Matt and Steve and this site - manage your positions in accordance with your plan and risk tolerance.

    That's the best advice "trim

    Posted by ssaffer on 20th of Apr 2020 at 05:56 pm

    That's the best advice "trim and tail" as Matt and Steve say.   In my younger days, so many times I had good gains in a position and watch it turn into losses.  And there are times I sold too early  (ex.  Bought Apple back in the day when it was trading at $43/share.  I sold it when it hit $150).   FB at $25 sold at $100.   Although I was fine putting those profits back into my trading account.   Anyway.  I have found that have a sound trading system with a sound trading plan is what makes traders the most successful.  Just like you would have if you owned a company (a business plan for each month, 6 months, one year, etc...).  

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