stock market crash

[jamesbrown]

My plan and it seems totally flawless and risk free to me, as I'm up 41% on MCL and a few others, is a stop loss set at my buy in price. 2 outcomes:

I buy lambo
I finish with what I started with

I'm OK with either

You might want to look more carefully at what a stop loss means. It simply determines the price at which a market order is entered. It doesn't prevent "losses".

[scooterscot]

most of the day-trader types aren't looking for that and most of them lose. Even scootie can beat the market sometimes though - infinite monkey theorem. The best approach is to continue the same trading strategy through bad times and good, adding incrementally, .

The returns on the previous trades I've taken below. Trading level: Infinite monkey!

One must have a strategy and practice it consistently. Be without or be in total control of your emotions - meditate, do what you must to control it and above all... be patient.

136%
128%
168%
267%
151%
248%
128%
119%
117%
144%
112%
135%
112%
168%
212%
127%
135%
127%
205%
107%
157%
116%
119%
244%

[genius]

You might want to look more carefully at what a stop loss means. It simply determines the price at which a market order is entered. It doesn't prevent "losses".

It'll all be fine, chill.

[SeededLoaf]

Some smashing returns on the funds this week but it all feels wrong, like we're in for a massive fall

Part of me wants to yank it all out now but of course the market will do the opposite

[BlasterBates]

I wouldn't really call those trading strategies, rather hindsight after you've headbutted in and were either lucky or unlucky over some timeframe

The problem with "timing" the market is that you can't, not consistently. Diving in when everyone is screaming Armageddon doesn't really work unless you're prepared to hold for years; most of the day-trader types aren't looking for that and most of them lose. Even scootie can beat the market sometimes though - infinite monkey theorem. The best approach is to continue the same trading strategy through bad times and good, adding incrementally, not hoping to "buy low" and "sell high". Unless you're just doing it for fun, like the horses, which is fine, of course.

You're probably right I've just been lucky. Got lucky again this time I guess.

[jamesbrown]

You're probably right I've just been lucky. Got lucky again this time I guess.

Yup. It's happened to me, many times (including this month). But I see it for what it is - a bit of fun. Mostly, I just add continuously, regardless of levels. If you're not doing that, then you've lost out on a lot of QE-to-the-moon over the last 10 years (FTSE notwithstanding), esp. after dividends.

[jamesbrown]

The returns on the previous trades I've taken below.

Scootie, didn't we demonstrate quite recently (for the Nth time) that you can neither count nor keep your story straight?

[jamesbrown]

It'll all be fine, chill.

I'm relaxed, it's your money.

[Old Greg]

Scootie, didn't we demonstrate quite recently (for the Nth time) that you can neither count nor keep your story straight?

Or make an expense claim.

[BlasterBates]

Yup. It's happened to me, many times (including this month). But I see it for what it is - a bit of fun. Mostly, I just add continuously, regardless of levels. If you're not doing that, then you've lost out on a lot of QE-to-the-moon over the last 10 years (FTSE notwithstanding), esp. after dividends.

Indeed a small profit is also good.