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64, correct me if i'm wrong, but I seem to recall you saying...

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CaptainGrumpy

4,596 Posts.

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01/06/18

08:50

Post #: 33423013
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Originally posted by 64eheh ↑

" I hate it when the markets are affected on a daily basis by politics.".............PB

Far out PB, I thought you had many years experiance behind you in these markets. You ought to know that as night follows day, that every big run in any market is always followed by a period of consolidation with increased volatility. Just go back and look at the S&P500 during, what was it, 2016, where it spenta whole year going sideway, consolidating it's prior big run.

This consolidation period is only a few months old..............it could well run a while yet.

I think you suffer from short term near-sightness. Look at the big picture. It's a must!

Here is a quote from JC Perets, one of the best traders around..............

" It's one thing to get paid to make up reasons and sensationalize a single day's market behavior, every day. But it's another thing to voluntarily consume that poisonous content"

.

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64, correct me if i'm wrong, but I seem to recall you saying that you started trading after the GFC. If you haven't even traded through a bear market I'd have thought you'd pay a bit more respect and listen to those that have traded through, and survived many.

Last edited by CaptainGrumpy: 01/06/18

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