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Strategies & Market Trends : Dividend investing for retirement

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Mevis

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Sisyphus

To: chowder who wrote (34104)	8/20/2022 9:59:37 AM
From: Rarebird	3 Recommendations Read Replies (2) of 34328

I did the unthinkable for many on this thread: I sold all my longs on Friday and am now net short. As you know, I increased my long positions near the June lows and called for this rally before the Market heads to new lows. Message 33898431 Although I rarely buy/sell the major indices, except for hedging purposes and focus on individual stocks, I have always engaged in market timing over the past 22 years, with quite a bit of success. I find it quite healthy to go in and out of long/short positions over the course of a year a few times as it allows me to relax and suspend my beliefs in a way while gaining a fresh perspective. I think it is very healthy to take vacations from the long/short side during the course of the year. It is called the pause that refreshes. Here were a few of my reasons for selling all my longs: Message 33968574 The argument against market timing is that one cannot do it successfully most of the time and then there is the problem of knowing when to get back in. My response would be that vacations from being long/short the stock market are healthy and that my success rate has been very high in timing the market. I look at long/short candidates very differently when I have no positions. I am a swing trader, not an investor. I can hold long positions for a year or two, but only during the early stages of a bull market. I would categorize the rally from late June as a bear market rally and NOT the beginning of a new bull market. More importantly, QT is going to get ramped up by the Fed in September. On my thread, I do post my longs and a few of my shorts in real time.

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