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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.92-0.7%Dec 31 4:00 PM EST

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To: GROUND ZERO™ who wrote (50171)5/15/2013 9:30:09 AM
From: Machaon1 Recommendation  Read Replies (2) of 220963
 
Yes, I see gold and silver down again this morning, and that makes my point better than any words could... you could buy it cheap, but then it can get cheaper... then, you can buy more cheaper, but then it can get even cheaper...
Lesson learned. I traded SLV yesterday and did OK thru, of course, pure dumb luck.

Buts... I am currently holding a small piece of SLV. Look out below! I'll be giving back what I made yesterday, plus more.

Lesson learned. Thanks for the caution, even though I did not listen to the good advice!

timing is far more important than price... when to buy and sell is so much more important than buying cheaply... anyone could get lucky and buy cheaply... timing is everything when it comes to making serious money in any market endeavor...

The charts show time and price, but everyone looks only at price... why people ignore the time component is a mystery to me... my model measures time and price equally... you can buy price at the right time, or you can buy at the right time regardless of price... they cannot be separated... but buying price without any regard to time is like trying to determine 3 dimensional depth perception with one eye closed... it cannot be done...
Thanks for posting this. Today is day 1 of changing the way that I invest. Thanks!
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