<<Test your strategy in the bear market to see how successful you
really are.>> Well, what qualifies as a bear market? Classical definition, is when stocks are 20% off their highs. I suppose we had a bear market in the 70s. I'm not worried. In fact, as I said, it's safer to be a trader - you can get out, instead of riding the bear all the way down.
Interesting fact: when the market tanked in the fall of last year, I made more money than at any other time. First, because I avail myself of shorting, and second, because I loaded up on bargains - my only trouble was there were so many of them! I made out like a bandit, picking up NOK.A at 59, TXN at 42, LEH at 24, CIEN at 8 1/2, and a bunch of nets. I traded like mad - it was by far my most profitable time.
In any case, I'm not going to argue with you - you don't think trading makes sense, fine. I know from experience, that it works.
Take care.
Morgan
PS My last trade was to sell MSFT at 80 7/8. I will buy in and trade again - already it's at 79 1/2. I suppose you think I should have held instead of traded... LOL! |
