XJO 0.39% 8,013.4 s&p/asx 200

friday fiasco, page-111

  1. 9,448 Posts.
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    Thank you Akgo1 for the complimentary words.

    I'd like to point out, that it is my philosophy that in the Stock Market, one should go with the flow. Wherever that takes one.

    At the moment the flow of the stock market is upwards. The old cliche "the trend is your friend" is one of the better cliches to listen to (in my opinion).

    But of course, that can change in a second. There are some signs that it may. Just as easily it may not.

    Does that make me right or wrong?

    I really don't think that is the best way to think about it.

    It is the process which is important - not being right or wrong - or backing every horse in the race.

    At the moment - the stock market is going up. That is where one should be - until it is proven that the stock market is going down - or sideways.

    Simple really.

    Just don't be pedantic about anything - let the market show the way. But be aware what the market may be whispering before it makes a decisive move so that you can take advantage of that when it occurs.

    Cheers
    Red
 
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