| | | I still think we are due on the general market for a steep correction, and it has been so volatile lately I agree with that 100%... especially in the USA. Your markets have been so good for such a long time the bubble has to burst sometime... This stupid trade war with China is not helping matters at all... especially with the tactics being used.
In Canada, being a resource based economy for the most part, we have been living in negative market for a long time.... the price of oil is crap, the forestry industry is always under attack from the South, the Agriculture industry with China is under attack because of the Hawuei debacle putting Canada in a bad light, until Gold took off, mining was in the doldrums.
We have been used to a depressed market beyond our control for years..
But still we are in the stock market. You cannot trade and be scared at the same time.... that doesn't mean be devil-may-care.... it means you are prudent in what you buy.... gone are the days of throwing darts at financial pages on a wall and hitting only winners. You need to work for your money.
That means learning how to recognize good opportunities and not be afraid when they happen. and bail.
I am not attacking you in particular but there are lots of people in the market that need to learn skills to evaluate the market. It took me 20 years of study before I entered the stock market...during that 20 year period i practiced with fantasy accounts... much like I am doing in this thread.
when I found myself with a plan and making good decisions consistently... I entered the market and for the last 15 years... through good and bad years... this is my only income... I haven't had to work a normal job since I started for real.... I work if I want to .... not because I need to.
I learned this trade....I don't make a fortune but I live comfortably and can do anything I want. I lived through the financial crash of 2008-2009 (losing 45% of my holdings but I learned a lot in the process). I have not had the luxury, in Canada, of a 5 year bull market as the USA has had.
I don't claim my TA approach is the best way.... but it has worked well for me and I understand it well.
Anyway, it is up to you.... you have much to learn.... you need to work out your plan . That includes an evaluation as to whether a stock will be bullish or bearish in the near future.
Anyway, good luck... I will step off my soap box now.
Don't be hesitant about asking questions about what I do...a while ago I posted links to the charts I use... understanding them will help you a lot.
UE |
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