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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (49475)4/30/2013 9:57:26 PM
From: Machaon2 Recommendations  Read Replies (1) | Respond to of 218841
 
You're very welcome, but just remember, I could just as easily be very wrong...
Your investing style fascinates me. You've got all kinds of triggers and you move very fast. At my age, with Heart Failure and the meds that I am on, I could never keep up with that style of investing.

Buts..... I've been following you get in and out of short-term investments, some unsuccessful, many successful. You've got a good track record. In the case of silver, I hope your wedge is wrong this time. I would like to ride SLV "up" a little more.

I also bought gold, silver, and platinum right at the lows, but I sold out too soon (two days ago) not thinking it could rally this far...
Speaking of getting out too soon... I had quite a nice position in the "conservative" XLU (Utilities ETF). I vowed to never cash it in. It went up too high and I did not want to take a chance giving the profits back, so I cashed in. Then the fireworks started and XLU continued up, as well with the rest of the market!

I'm personally planning on waiting to buy when I get a legitimate buy signal... that buy signal could come higher or lower
I have never bought a stock on the way up. I realize that most successful traders buy on a confirmed upswing, but I only have experience with averaging down, or day trading an ETF like IVV, or IWM or DVY or XLU. It has worked for me, especially since I am basically a novice trader, with limitations.

Thanks again. I am hoping to learn some trading tips from reading your posts, and from the rest of the knowledgeable, experienced traders on this thread.