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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: S. maltophilia who wrote (4820)	7/17/2022 4:26:35 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 10656

I think his main point is that either you've had foresight and predicted the trend ahead of time or at least been agile enough to get onboard early, or you should not follow the trend and wait to ride the reversal. This is what I do with a lot of my trades. When I see something is super hot or being dumped on by everyone, I take the other side of the trade. There is a knack to doing this b/c you those falling knives can cut deep or shorting a bear market rally can rip your face out. But if you survive the ordeals (multiple times) eventually you will develop a sense for it. My theory buying wheat is that I am waiting for it to crash. When that happens, it can go nowhere but up because people will always need to eat. This was also my theory for buying oil in August/September of 2020. And also my theory for avoiding copper and oil earlier this year (I should have acted on my instincts and shorted them :(( FOMO is the enemy. Never lose your cool in the market. You need to be agile, but never panicking. His other point is what commodity traders often say - there is no cure for high prices like the high prices. This saying applies to everything. For example bond prices were insanely high, and now they are getting cured of that.