Dan, well you made me do it again ...
while I agree with basically everything that you stated in your post, what I was trying to accomplish is to add a bit of reality to the current topic of discussion. I think that new or potential traders need to be aware of the fact that the current environment is "arguably", the "BEST THAT IT HAS EVER BEEN ... and MAY EVER BE" ... in our lifetimes. I completely agree that the markets are totally different than they were even a few years ago, and yes, like everybody else on this thread ... I've been making a ton of money! But, I don't for one minute believe that the type of opportunities that the current market environment is offering will continue for a long time. The moves that a breakout stock makes in one day, are now greater than a move that I would have expected to make in two weeks, just 10 years ago! We have a very narrow market where almost all of the money is being pumped into just one sector (tech), and trading doesn't get any easier than that!
I hope, wish and prey that the market will stay this active and volatile forever, but like everything else in life ... this too shall pass. I do believe that a good trader will be able to make a living no matter how tough the markets conditions are, but at this point in time, there are way too many Bull Market geniuses!
Regards,
Dave |
