Yes, it's about strategy, that's a redundant statement. An outlook of "I think it will be stagnant or worse for 2-3 years" doesn't require a day trader to act on! You're literally talking about multiple years, not intraday.
No one can guarantee anything, but sure, I can see better options. Right now I have my money in safe places - precious metals, companies with consistent growth in recession-proof sectors etc. It's not generally like me to play it safe, but for the next six months or so I don't expect to be able to reliably watch the market closely and I see a risky outlook for the broader economic situation, so for the next six months (and likely longer, but I'll reevaluate in a few months) I'm in safe, reliable things which will not be multibaggers but will allow my money to appreciate.
Heck, I'd rather just have money sitting in the bank for a year then reevaluate rather than have it sitting in something I thought would be stagnant or go down for the next 2-3 years. Why buy now if you don't expect it to appreciate in value for 2-3 years? It doesn't take a day trader to find time at some stage in the next couple of years to assess what they're doing.
AGY Price at posting:
7.7¢ Sentiment: Sell Disclosure: Not Held
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