Thanks. No doubt this is time to remain on sidelines.
If I may ramble: I am dependent on this service, and do not know anything about the writers, keenly aware that I am using their brains, not my own; and uncertain how long the service will continue. I suspect that they have made their Millions and may decide to stop this service.
I am bad at picking even from the listed ones. They list only what they consider multibagger potentials. Even if I spend many hours of researching my picks do not improve. In some cycles none of my stocks are big winners and the results are poor. In some cycles half of stocks are big winners and result is good.
With time at hand looked at long term chart of NAZDAQ. What if one can be out of market during major part of bear markets- 73-74, 81-82, 87-90, 2001-2003, 2007-2009; and be in market during major portion of uptrend in the index. Weekly chart, two moving averages, 10 or 13, and 39 or 40, as the primary entry and exit signals. The problem would be whipsaws near the bottom and near the top. If one can reduce the whipsaws by using the ideas of resistance and support breaks; and selling some when market was over bought and be ready to buy after the oversold status, would this help or not.
Now we have leveraged ETFS. QLD moves two times the index and TQQQ moves three times the index, up as well as down. If one can fairly times Nasdaq, then might as well use TQQQ. It will still be basically a trend following method. Of course past charts are no guaranty of future charts.
Is this a reasonable back up plan in case...? |
