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Strategies & Market Trends : Raptor's Den II
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To: Kirk © who wrote (1593)1/7/2004 11:34:59 AM
From: bruceleroy1_-  Read Replies (1) of 3432
 
FWIW, my definition of "smart money" would be someone who is buying when most are selling and selling when most are buying. Buying after the trend is already in place is just going with the crowd. Not that there's anything wrong with that (I use that strategy all the time) but in 1999 and early 2000 everyone would have been called "smart money" according to your definition. Only the ones that were selling out near the top would be considered "smart money" in my book. Or those buying near the lows last year. All just one man's opinion.
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