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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Douglas M. Benedict who wrote (46988)	12/10/2005 11:58:56 AM
From: UncleBigs	Read Replies (1) \| Respond to of 110194

Using your example, you have your largest bet on at the top just as the trend is heading down. Speculating in the markets (any market...gold, stocks, real estate) is not a game of chance like in the casinos. It's not a 50/50 proposition on each roll of the dice. Declines happen much faster than the ascents. If you have your largest bet on at the top and then are reluctant to sell because you're waiting for confirmation of a trend change, you're going to get screwed. Momo investing works for the person who can identify a trend early and knows when to cash out at the top. As it is akin to a pyramid scheme where the first people in on the scheme get rich and everyone else gets screwed, that is not a game I wish to play. It's much lower odds than banker/player at the baccarat table.