| | | Ragingly bullish!
It just seems that you spend a lot of your posts predicting down, when, in a bull market, it's a heck of a lot easier making $$ on the long side, and the point of trading and investing is to make money. Sure a few folks are nimble enough to make money on the short side in a bull market (GZ does it every week!), but I think very few are truly successful at doing it.
I have learned to use GZ's VP's to lighten up my long trading positions, as the market will frequently reverse at those VP points. Then, I wait til the market goes through the next VP down, and I buy some of them back. If we go down through a second VP, I'll buy more, and hold til the next VP or 2 up, where I lighten up again.
I just haven't been that successful taking the short side for more than a few hours. Since I can't monitor the market constantly, I use this system to increase my trading returns. In this year's selloff, I took some sizable losses, but eventually realized that I had to short, and made some of the losses back. But when the market turned, I was full-bore long, and I made my losses back with tons to spare.
I hope everyone who posts on this site is doing equally well, or better! |
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