Originally posted by Whorty
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stock market crash
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And I'm closing that CNA trade again - no loss - but dum decision to open, completely emotional."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by Whorty View PostFTSE doing it's normal Monday morning rally (1.3% so far) following the normal Friday sell off
Why, why, why won't it look at Scooty's graph and crash as he keeps saying it should?!?
Why do you go all in every Monday if it is that predictable? You seem confident, you'd be a gazillionaire by now."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostClearly a 50% drop is in the making here.
When are you predicting this is going to start? Ie. when will it peak?Last edited by DealorNoDeal; 7 September 2020, 09:48.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by BABABlackSheep View PostMy core holding SMT for example has been in the papers every bloody day and regularly one of the top 1-3 most viewed and traded shares on Hargreaves Landsdown.
It’s been deliberately dropped to push out weak holders. It has a share price of 850p but a NAV of 950, which is almost unheard off.
Top Investments Trusts rarely trade at a large discount to NAV.
Why I don’t invest in individual stocks anymore..too many crooks in a rigged market.Comment
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Originally posted by scooterscot View PostWhy do you go all in every Monday if it is that predictable? You seem confident, you'd be a gazillionaire by now.I am what I drink, and I'm a bitter manComment
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Originally posted by scooterscot View Postdum decision to open, completely emotional.Comment
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Originally posted by DealorNoDeal View PostI have no doubt, at some point in the future, the (US) market will suffer a >50% drawdown. It's happened many times before.
When are you predicting this is going to start? Ie. when will it peak?
The FTSE 100 has now been trading under the 21-day following a death cross (bear market) back in February - there's no upward opportunity until we enter a bull market.
Yes you can make money in a bear market, very difficult, but possible (as I did with my CNA trade) but you've got to ACT when conditions favour you. Don't let emotions get the better of you. I've been asking myself why I bought back in, pure bravado - just luck I reassessed that and got out.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostI don't have a crystal ball.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Whorty View PostI do ... but I drip cash in on a Friday when the market is dropping - you're not very good at this are you if you're buying as it goes up and not when it's just dropped
Using your strategy you could have traded on a small leverage of 3x for a sell Friday high buy the Monday low of around for a 5% difference. In 40 weeks £1000 becomes £23k - you're quids in!
Well done!"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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