Its a mental battle if you're a market watcher as opposed to a set and forget style.
How many sold on the lows recently? A few years ago I would have and they waited for a pullback that didn't come and bought at the top, before it headed down again. I bought some at the lows and have sold since. For me, I am more comfortable just playing the daily ranges atm and not going to bed stressing about a 5% drop overseas. The are some great daily ranges on some top 200 stocks. Obviously holding overnight gives greater gains if the markets are up overnight, BUT, I am trading as though we are in a BEAR market (I might be way off, dunno). The sort of volatility we've just witnessed doesn't really happen when fundamentals are sound and markets are in a bullish uptrend. This is the whole psyche for me in the markets. A couple of days of green after licking our wounds and everything is back to normal! (Normal is a cycle on a washing machine btw). If they can go up this quick, that only tells me the downs are harder and quicker (if they come). I was introduced to the markets just after the tech bubble and had the best run you could imagine...knew nadda. Know a little more know. I used just have a real "laissez-faire" style pre GFC. "ah, just thrown x on ABC, she'll be right". Works great in a bull market. I dont think this is a bull market, which means its the opposite I guess (for now). Now I am more protective of my cash (GFC scarring) and believe anything is possible on the markets and i have to be ready to go in whatever direction the markets want to.
Whats my point? Dunno. Trade carefully over the coming months. One swallow doesn't make a summer. Still think there are some bears in the woods that probably wont come out until most are bullish again. Just my 2 cents.
I'm a bit peeved at myself for preempting some trades and for not trusting my macro judgement on the markets (and that's a battle as well). I was short early april (BHP $48, WPL $49) and not smallish units. Took some loses as i got spooked with all the bullishness! lol. Went short NAB at $25 and closed early. Patience grasshopper, patience!
Live and learn, but having the nerve to hold can be hard.
- Forums
- ASX - By Stock
- XJO
- yotta's chaotic, disordered, confused thursday
yotta's chaotic, disordered, confused thursday, page-202
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,208.9 |
Change
-60.900(0.74%) |
Mkt cap ! n/a |
Open | High | Low |
8,269.8 | 8,269.8 | 8,186.6 |
Featured News
XJO (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online