The LTBH strategy is not interesting to me other than for a small part of my portfolio at this point
We have different outlooks and objectives then. I try to be 100% LTBH, but sometimes a cavalier recklessness gets the best of me, and I trade small amounts here and there. Over and over, however, my portfolio has demonstrated to me that LTBH far, far outperforms trading -- yet I still haven't entirely learned the lesson. And I ask myself, how can I scorn someone who buys a $1 lottery ticket, when I spend much more than that on trading commissions alone?
If we get a pop in the morning, I plan to exit the remainder of my positions and watch
My gut feeling is that over the next 6 months or so, there's more upside than downside to the Naz. Immediately after a crash/capitulation is often a wonderful b&h opportunity, even for intermediate term (a few weeks or months) position taking.
The volatility is unbelievable as you know
Of course, patience for volatility is what gets rewarded when stocks outperform T-bills.
What are your thoughts on good targets for a short term follow through?
No idea. None at all. I am bad enough at predicting general market direction; I'd be even worse predicting specific price points. |
