fridays trading, page-37

by50, understand it's nothing personal that wasn't first created by your earlier disposition. But there is outright irony in your position - i.e. the banks might have you by the short and curlies. So it's worth a little explanation on my part -

I am not in any debt that cannot be paid off outright in a blink. For absolute disclosure, I own a principle place of residence outright, and have vehicles, other properties, equity shares and physical metals. I stupidly elected to give up an outrageous remuneration to follow my passion into markets at a ripe old age of 40 with a young family to boot. But have my health, degrees and trade qualifications to rebuild my world if things go pearshaped.

So if your preference is to espouse 'advice' from a 'professional' POV, I'm your huckleberry. Be warned however that I don't consider myself professional - but markets are the only place I make my living from. Hence I don't offer an opinion unless my position is staked upon it already.

Notwithstanding this, I envy those on this forum that can make better returns than me per dollar invested using alternative instruments of trade. But what I do works for me and even on days like today, I am satisfied that what I know about the market doesn't surprise me (so far). You talk about understanding the market? Nothing I like better than being surprised by an opinion or POV that comes from open candid conversation.

(on topic) It's amazing that profit takers are using a lack of US market activity to advance downwards - but I am hopeful XAO at 4550 means something. If it doesn't, then the reasons for it going lower will only help other parts of my investment. Yes, not everything goes down universally on a change of the wind. Next Monday on the back of US trade figures over this weekend will see if the wind is in the sails of the US equity markets.

Long term (1, 2 years max) it's curtains for the USD, without any shadow of doubt in my mind. However, while there remains momentum behind equities as promoted by the very banks you prefer to place your deposits, I'll put my money also. When these banks fold up there cards first, I'll exit out of equities - but not before. I will see this happen in real time because I understand my investments - enough so as to avoid the very banks who would love to have me in debt.

So chill otherwise. Try to have a nice day even with the ASX down 125 points. These are the eddies the honorable Wink and others so love to play in, but for me the stream will carry us much further still (up or down).

rgds,
pw

(irreprehensibly unprofessional at times)