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Hey @Freehold, Do you believe we would need a major market...

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radx

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12/09/18

12:45

Post #: 35546858
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Originally posted by Freehold ↑

Well Ive pretty much "racked my trading Cue" for the time being... Seems to be a lot of effort ATM chasing unsustainable rallies that for the most part are short and folks are selling into. I could make a profit if I tried hard but the amount of work to do and the increasing so outweights likely profit to be made.

Add to this the risk of a record high US market (Longest in history) the faltering Chinese Market and possible impending emerging market crisis's (Turkey /Argentina others) brought on by increasing interest rates and Ive have a prefect recipe for a big market fall and a long over due "Freehold Trading Holiday". Just remember there is masses of debt around the world. If interest rates were at 10% and it increased by 1% to 11 % that is not a big increase percentage wise at 10% . But interest rates at 2% increasing 1% to 3% is a 50% increase in payments. Point being that small interest moves will have a massive market effect.

So some times you make more money by not being in the market. Huh how can this be you say . ??? Well the buying power of cash in the bank increases (Excluding the pathetic interest return) relatively as the market falls around me. Whilst on my self imposed hiatus it would be nice if the greater market had its long overdue decent correction but if not then so be it.

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Hey @Freehold,

Do you believe we would need a major market event/"black swan" to initiate a major market correction?
It seems business as usual with maybe a range bound/consolidation period at the top here unless some kind of major event happens?

My thinking is just because it's over due doesn't mean it has to happen...?

Keen to hear your thoughts.

Last edited by radx: 12/09/18

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