I think the other thing that people miss is the time and effort
that goes into managing money. Having some individual stuff to play
is great for some quick money, it is just how much time do I really
want to put into monitoring things? I'm personally better off
buying significant dips and holding for larger gains. Or doing some
of the leveraged SPY trades. Of course, I look at things every
year, and my situation, if I should re-balance, etc. But why not
have someone like Cathie or other solid funds be a place I can
confidently invest. Then go back to enjoying life. As is often
pointed out here, there are all types of strategies represented by
members on the site, traders, people working jobs with 401ks, and
everything in between.
The most important thing to me is having a strategy that I can
"live with and believe in". After I made those significant dip buys
near long term supports, I went back to living my life. No need to
watch the market every second of the day for me. There is something
here on the site for everyone. This is the first post on the
community and well worth the read if you haven't and worth a
re-read:
Once again, the above video link provides an overview
referencing current stock market conditions relative to similar
past readings. This would be most relevant for position
investors (such as retirement accounts) to monitor on a weekly
basis.
This is NOT a
forecast just data points at this time. Continue to keep an
open mind and respect the message of the market.
Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
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I think the other thing
ARKK taking on water again...ugly reversal off 124+ gap open
Posted by fundamentalvalues on 5th of Apr 2021 at 09:27 am
I think the other thing that people miss is the time and effort that goes into managing money. Having some individual stuff to play is great for some quick money, it is just how much time do I really want to put into monitoring things? I'm personally better off buying significant dips and holding for larger gains. Or doing some of the leveraged SPY trades. Of course, I look at things every year, and my situation, if I should re-balance, etc. But why not have someone like Cathie or other solid funds be a place I can confidently invest. Then go back to enjoying life. As is often pointed out here, there are all types of strategies represented by members on the site, traders, people working jobs with 401ks, and everything in between.
The most important thing to me is having a strategy that I can "live with and believe in". After I made those significant dip buys near long term supports, I went back to living my life. No need to watch the market every second of the day for me. There is something here on the site for everyone. This is the first post on the community and well worth the read if you haven't and worth a re-read:
Top Down Approach Discussion and how to View BPT - Click on Title
Posted by steveon 13th of Jun 2020 at 01:48 pm
Title: Top Down Approach Discussion and how to View BPT - Click on Title
Ciovacco Historical Perspective Charts
Once again, the above video link provides an overview referencing current stock market conditions relative to similar past readings. This would be most relevant for position investors (such as retirement accounts) to monitor on a weekly basis. This is NOT a forecast just data points at this time. Continue to keep an open mind and respect the message of the market.
Markets are fluid and subject to change as we all know - key is to establish a methodology that fits with your beliefs. You can also incorporate a hybrid approach with your portfolio by position investing certain funds for longer term (accepting volatility until EVIDENCE changes) and dedicating other funds to short term trading. Those are decisions for each individual. If you have yet to formalize an investing/trading approach please take some time to formalize a template - you can always adjust but it's best to have something in place. From there, you should formulate a PLAN that entails your objectives. Once a plan is in place, then you can refine down to which specific securities you want to invest and/or trade. This is a TOP DOWN approach that should be enacted PRIOR to looking for trades. Just like a Football team(or any sports team) - the General manager has a vision/approach on how he/she wants to build a team. Then he/she hires a coach to devise a scheme around those players to maximize their talents. Next, the coach puts into place a weekly game plan (making necessary adjustments) before finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a consultant/assistant coach who helps to make your job easier along the way. We provide daily analysis of several markets which helps to provide some guidance as to how we see things. We also spend a considerable amount of time providing tips and educational examples to help execute you plan. Think of the DVT approach for swing trades and the nightly discussion of charts involving patterns and candlesticks, etc. We also scan for and offer trade suggestions (ideas) that we believe are valid setups and we take time to review the triggered setups in the following days. Partake in only the ideas that fit into your plan and simply ignore ones that don't. Finally, we spend time posting relevant comments and numerous charts every day in the trading community relating to what transpiring during that trading session and updating trade ideas.