Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: rsie who wrote (19596)	10/17/2003 1:11:04 PM
From: Tim Bagwell	Read Replies (1) of 42834

Richard, Hopefully others here will chime in and discuss what their strategies are. I'm currently on the sidelines since DJIA 9600 except for my big winners which I'll let ride mainly for tax reasons. I think upside potential is not worth the risk at this time. A pullback would change that and I would likely re-enter in the low 9000's. I don't mind missing a few percentage points off the top or bottom to lower my risk exposure. That's the way I'm trying to play it. I'm definitely not a buy and hold type. I'm more of a a "risk averse trader". I'm trying to find ways to manage risk while trading the market. In general, this means simply to buy during periods of extreme weakness and sell during periods of solid strength. But market volatility determines how often I trade. This is a bear market strategy which I think does not apply in bull markets. In a bear market I think the odds are in favor of a trading approach. In a bull market it's better not to be a trader at all. It's mostly just my experience that I pit against the market. I've lost plenty by following sour Brinker advice so I ignore much of what he says now but I do watch his long term timing since that's about the only value he provides now. I use mainly ETF's and quality stocks in the high tech area where I work and follow the industry. I don't use many mutual funds except where necessary. I think people that want to follow Brinker must be able to think for themselves and get as much additional information as they can realizing that he is wrong as often as anyone else. How about you?

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