You stated, "Reduce exposure". Yep that is exactly what they are...

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stakx

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24/09/20

14:10

Post #: 47600765
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Originally posted by AverageJoe ↑

Do you follow Nick Radge of 'The Chartist'?

He has some great ideas when managing positions whether it is a trade, LTBH or a good ride. Being a trend follower himself, he simply get onto stock and rides it as long as possible using trailing stops. Another way is to scale exits because until one can control the emotions of watching a loser turns nasty or a winner diminish over time to no paper gain at best to a loser eventually. I have been through it all, riding bubbles thinking I am skillful to buying losers and became one!

That US election is almost guaranteed to be volatile by what the bulls and bears are positioning themselves ahead of time. I won't even antici[ate what will happen. Reduce exposure to minimum or bet with the much larger equities hoping that they can offer some insulation during the volatile period. Just imagine when NCM or NST gets a head chop from ST volatility, what will happen to that gold story speckie depending on the punter's faith? Good luck

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You stated, "Reduce exposure". Yep that is exactly what they are doing right now. It's risk off for US investors. So going to cash the USD has grown stronger at the same time pushing the AUD lower to 70c USD. Same time commodities falling with Iron Ore falling along with Gold and other commodities.

Nick does get it wrong on occasion as he was toting there would not be a V shaped recovery, which is what did happen proving him incorrect. Now looks like the K recovery is in motion. Will be some bargains happening over the next few weeks with DOW, Nasdaq, XJO and other indicies falling.
4 Upvote

0 Great analysis

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