CFZ E-Wiggle Workspace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : CFZ E-Wiggle Workspace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Ron	11/16/2008 2:16:39 PM
	Read Replies (1) of 41419

The discussions here about whether this is a buying or selling opportunity is a good illustration of how bottoms are formed. The thing is, huge money can be made buying at a bottom, but the tricky part is determining whether it is indeed, a bottom, or is a still-falling knife that is sucking in buyers in a bear market bounce. I daytrade mostly, but I do have a few small share longs here. If the market drops through that 2002 low, I will unceremoniously dump all long positions and go short, large. Faith is OK for religion, but if one is serious about making money, stop loss discipline keeps you in the game. Anyone who doubts this is invited to review the Dow Jones Industrial Average 1930-33: ih.fotothing.com A buy and hold investor who went long on President Hoover's pronouncement in 1930 and didn't cut his losses, would not have gotten back to break even until... 1954.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next