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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (113003)	11/9/2020 7:31:59 PM
From: Rarebird	Read Replies (2) \| Respond to of 116950

<< The one thing I know about the stock market is if you make your plans, it comes to you, you win. If you chase, you lose<< Spoken like a true short term trader. The name of the game is to be "in" in a bull market. I manage money for wealthy people. They don't appreciate trading in and out of positions. They want a group of stocks that they can hold for a year or two ( or three) till the bull cycle ends. I have an account that mirrors my recommendations to them and I make few changes or trades during the year. Now I do have other accounts where I trade more frequently. But I still believe that you have to be "in" in a bull market. Timing is less important when it is a secular bull. Sometimes you lose when the market doesn't come down to your target in the sense that you never get in. Sometimes it is better to get in early and suffer a bit for the rise that is likely coming. Let's see if Gold gets to $1775-1800 an ounce. Maybe it will. But if it doesn't fall to your target, what will you do once it surges past $2000 an ounce? Or if Silver doesn't fall to $21 and instead surges past $26.40? What will you do? You may very well end up chasing since Silver is most likely headed to $35. I am not big on short term market timing, not in a bull market. In a bear market, yes.