then you have not been playing watch list longs etc. You
guys need to make a trading plan every day. When things go
up, you naturally look for a pullback, when things sell off, you
naturally look for a bounce; it doesn't mean that you don't trade
the trend. Trade the trend. trade individual stocks
more than market indexes, etc
I too, have been slowly coming out of the paralyzed state of
mind myself. Since March I have been focusing on the
'pullback' and 'overbought' as my touchstones. I had allowed
my bearish view of the market (which I still hold) to affect my
perspective when trading. I developed an irrational bias
toward trading downtrends that would prevent me from entering into
perfectly logical trading positions because I repeatedly considered
it 'chasing the market for a quick trade'. Rather, I held out
in favor of a more 'solid' entry point for a swing trade during and
after those seemingly eminent pullbacks. The problem is of
course, the quick trade time frame turns out to be multi-days/weeks
of missed rally. Looking back, it is my fault for allowing myself a
bear bias in my decision making. You can still consider the
market as a bear market overall (I still do) but not let it
sabotage your daily trading decisions. I allowed my bear bias
to keep me from entering trades
despite the
fact that perfectly sound advice to the contrary was provided daily
on this site. fwiw.
Since we're all making confessionals now, I am a swing
trader (i.e. I look to hold for weeks to months) who has been
bearish all year. Consequently, I have lost 20% of my life's
savings this year, and finally gave up and closed out my remaining
shorts yesterday. It is very clear to me now there is an
orchestrated effort to pound bears into submission - this is far
more successful than the prior failed attempt at banning short
selling. If you can't beat 'em, join 'em - I am now long. The trend
will now be my friend.
Posted by kamineni321 on 24th of Jul 2009 at 09:27 pm
We short when we get a definite sell signal. Everybody
whoever shorts in uptrend will be forced to cover and that is how a
vicious circle. We have to wait till you see a definite
downtrend. Do not short in uptrend until you get a definite
downtrend signal. The individual investors loose their money
by going long in downtrend and going short in uptrend. The
trend goes in weeks and sometime monthes. Follow the
trend.
Just because some of us think it maybe the time to short FOR
WHAT EVER REASON... doesn't mean it's time. Send out your probes.
Test the market. Doubt the trend. Keep your stops tight. But, don't
look away. Cause that's when it will turn.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I agree, I have been
Mech systems
Posted by straws on 24th of Jul 2009 at 03:53 pm
I agree, I have been completley paralyzed by the words "PULLBACK" and "OVERBOUGHT" since about March 15, 300 S&P points ago.
then you have not been
Posted by matt on 18th of Aug 2009 at 01:15 pm
then you have not been playing watch list longs etc. You guys need to make a trading plan every day. When things go up, you naturally look for a pullback, when things sell off, you naturally look for a bounce; it doesn't mean that you don't trade the trend. Trade the trend. trade individual stocks more than market indexes, etc
Right, 100% right. But remember... is
Posted by as2029 on 24th of Jul 2009 at 08:17 pm
Right, 100% right.
But remember... is very easy to say after and explain the past. when you see the history, is easy to say " was so easy and I so stupid".
August is next door. I think we need to be more mechanical and shot faster with the order. Don't think to much and shot.
Matt and Steve are excellent but we need to get the order and don't have time to think to much.
I have days asking for the order when the target is in place.....
I agree, I have been completley paralyzed by the words "PULLBACK" and "OVERBOUGHT" since about March 15, 300 S&P points ago.
"pullback" paralysis
Posted by billr on 24th of Jul 2009 at 04:59 pm
I too, have been slowly coming out of the paralyzed state of mind myself. Since March I have been focusing on the 'pullback' and 'overbought' as my touchstones. I had allowed my bearish view of the market (which I still hold) to affect my perspective when trading. I developed an irrational bias toward trading downtrends that would prevent me from entering into perfectly logical trading positions because I repeatedly considered it 'chasing the market for a quick trade'. Rather, I held out in favor of a more 'solid' entry point for a swing trade during and after those seemingly eminent pullbacks. The problem is of course, the quick trade time frame turns out to be multi-days/weeks of missed rally. Looking back, it is my fault for allowing myself a bear bias in my decision making. You can still consider the market as a bear market overall (I still do) but not let it sabotage your daily trading decisions. I allowed my bear bias to keep me from entering trades despite the fact that perfectly sound advice to the contrary was provided daily on this site. fwiw.
Since we're all making confessionals
Posted by sethbru on 24th of Jul 2009 at 05:19 pm
Since we're all making confessionals now, I am a swing trader (i.e. I look to hold for weeks to months) who has been bearish all year. Consequently, I have lost 20% of my life's savings this year, and finally gave up and closed out my remaining shorts yesterday. It is very clear to me now there is an orchestrated effort to pound bears into submission - this is far more successful than the prior failed attempt at banning short selling. If you can't beat 'em, join 'em - I am now long. The trend will now be my friend.
Capitulation
Posted by paige386 on 24th of Jul 2009 at 08:45 pm
I guess now that all of the shorts are capitulating it will be time to short again.
We short when we get
Posted by kamineni321 on 24th of Jul 2009 at 09:27 pm
We short when we get a definite sell signal. Everybody whoever shorts in uptrend will be forced to cover and that is how a vicious circle. We have to wait till you see a definite downtrend. Do not short in uptrend until you get a definite downtrend signal. The individual investors loose their money by going long in downtrend and going short in uptrend. The trend goes in weeks and sometime monthes. Follow the trend.
Just because some of us
Posted by cal1 on 24th of Jul 2009 at 09:47 pm
Just because some of us think it maybe the time to short FOR WHAT EVER REASON... doesn't mean it's time. Send out your probes. Test the market. Doubt the trend. Keep your stops tight. But, don't look away. Cause that's when it will turn.