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there is always money to be made in the markets
everything that ticks up is making somebody money who is long, and everything that ticks down makes somebody money who is short.
i feel very prepared, but then i spend 6 frigging hours a day starting at a bunch of monitors, and managing trades and investments.
the general hint i have for retail traders and investors is THIS.
be a contrarian. the time to LOVE gold was 1998-2001 . not now. sure, it could go higher . but when EVERYBODY is talking about an asset class, the move is probably close to over - think real estate a year or two ago. think tech stocks in 1999-2000
etc. etc.
there is some immense value out there in the markets, and the MORE panic you see, the more opportunity that is for assets to get mispriced due to panic, capitulation and forced hedge fund selling (hundreds of hedge funds get wiped out per year)
for example, it wasn't long ago that you could buy oil FORTY DOLLARS cheaper than it is now. either through USO ETF, options, or futures.
and people DIDN'T like it because it had sold off
NOW in hindsight, people are kicking themself. never fails
yes, i feel vindicated. i can't (fully) credit myself because i am a massive jimmy rodgers fan and he called the commodities boom YEARS ago.
there is no reason to "hunker down" or "go underground". there are ALWAYS great trades (if yer into that) or great investments (longer term) evrey single day.
personally, i would LOVE a panic selloff of another 1-2 k in the dow.
realistically, as i posted in my other post, nearly every contrarian indicator points to (at least) a bear market rally soon . and bear market rallies are the sharpest ones there are.
the key is to manage risk, diversify, stop listening to talking head morons, do your own research, and if you trade - take your stops diligently
i feel great. made about 12 trades today. the more emotion is in the market - panic or euphoria, the easier opportunities present themselves, because with emotion comes mispricing of assets.
it really is that simple.
there has NEVER been greater opportunity for individual investors to have access to diverse asset classes, indexes, etc.
never have commissions been lower. or spreads.
for those just in it for a long haul, dollar cost averaging into mutual funds or index funds, remember there has NEVER been a 20 yr period in history (even including the great depression) where this was not a successful strategy.
otoh, if you are more active, there are a myriad of screening devices and information available that has never been greater.
filter out the hype and the morons.
and take advantage of opportunity
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