nsp/tippet/patron,
Thanks for your thoughts. I have picked my timeframe (long-term) and am sticking with it. Looking at chart after chart, I agree, we were due for this - and while I can grit my teeth, stay focused on the bigger picture and sit through it - I would be lying if I told you I was enjoying it! I have some friends who are pretty accomplished traders (we have a private Yahoo board, if anyone is interested) but they've been watching this move all year from the sidelines or making some of the mistakes that you (nsp) described. So, I have no serious regrets at this time.
Patron, you mentioned Jesse Livermore. I read Reminiscences earlier this year and that had a profound effect on my thinking in regard to how I must approach this particular bull market. I took his accumulated wisdom to heart and have been using that to "mentor" my approach. Between Jesse, RRussell, JSinclair, JPuplava and the excellent contributors on some of these boards, I feel like I have a good advisory committee to help me keep my head screwed on.
And now, I shall drink a glass of wine and gaze at the lights on the Christmas tree that the kids just decorated. Just call me Rudolph. The Red-Nosed Reindeer-In-The-Headlights, LOL! |
