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Strategies & Market Trends : The Art of Investing
PICK 45.22-0.6%Nov 18 4:00 PM EST
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kidl
To: Real Man who wrote (3228)1/10/2022 12:20:50 PM
From: Sun Tzu1 Recommendation  Read Replies (2) of 10601
 
I don't use the stock market for political activism. The closest I've come to that is not investing in tobacco and defense industries. And that is simply because I don't want to get rich based on other people getting killed. Other than that, the only thing that you have to do is to be on the right side of the order flow. I bought a bunch of SQQQ on Thursday. It was rather late, but better late than never. I just closed that position because I think we've fallen too hard too fast, but I will get back in if I see it differently. The wipe out that you speak of is immaterial. IF/When it happen, it will be no different than the huge run ups that we have had. If you see it coming and are on the right side of the order flow, then you will make money on the way down as on the way up. If not, you will be like the guys who shorted the stocks on the way up because they were expensive. That is all there is to the stock market. As Jesse Livermore summarized the entirety of his experience, "What I have learned is to be bullish in a bull market and bearish in a bear market. It seems obvious, but it took me a long time to really understand this." That principle has not changed and never will.
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