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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (68747)	3/17/2003 1:34:54 PM
From: Perspective	Read Replies (3) \| Respond to of 209892

I don't want to come across argumentative here - and please don't read it that way - but let me reiterate: I'm not a trader, nor do I aspire to be one. If you believe that my inputs are inappropriate for this thread, then I would, at your request, refrain. My belief is that the soundest market strategy involves a solid understanding of both technicals and fundamentals, and only holding positions when the two line up. You and I clearly differ here. I follow this thread even when I'm not trading in order to practice my skills for the times when my money is on the line. You are correct: I have been flat since October (holy shite - that's like six months now! No wonder it feels like so long.) I saw the potential in the October lows, but I have no interest in buying companies that may be up three months later, only to be down a year later. That risk/reward doesn't excite me. What happens if I am temporarily taken away from trading for a couple of months? (car accident, family emergency, something like that) My positions are strictly long-term, with intermediate-term hedging. I don't find the marginal returns gained from trying to trade against the long-term trend (defined for me as the most likely path for price 1-3 years from now) to be worth the additional effort and discomfort of holding positions that go against my fundamental views. I have enormous respect for everyone on this thread. You all make me think very clearly, and I appreciate the ability of everyone here to see beyond the din of the crowd. The independent thought here forces me to remain flexible, and always reminds me to make sure that my portfolio can survive any shock that the market might deliver. Your advice, as always, is invaluable. BC