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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (23097)	8/5/2006 3:37:59 PM
From: queenleah	Respond to of 42834

math said quoting queen "He never did recommend selling into a down market, on anything." math responded True. Personally, I think this policy was inappropriate, and even disastrous, in a bear market, which he was correctly saying we were in at the time. I can't disagree with you math, except to say I don't believe the mistaken "short term trade" was "disastrous" for anyone if they did not exceed the guidelines. My speculation is that anyone who followed the guidelines and did not get carried away in their own heads and gut, lost a minor to moderate percentage of their portfolios. Not good certainly, hurtful to be sure, but what's the point of exaggerating to the "disastrous" and "ruinous" proportions that the Brinkerbashers like to proclaim? Yes, I agree that it's not always appropriate to "hold" when it becomes clear that the trade is not going to work out for a while. That's why I put downstops on things. It doesn't take an expert to do that.