stock market crash

[BABABlackSheep]

I don't day trade. In fact I'm a very poor swing trader.

Never do I try to time the market. With Lloyds I'm waiting for confirmation of an uptrend. This is managing risk.

This is where I get confused. I thought waiting for an uptrend is timing the market

[Whorty]

This is where I get confused. I thought waiting for an uptrend is timing the market

Nah, waiting for the share price to bottom out isn't timing the market .... it's .... erm .... risk management

[TheGreenBastard]

Nah, waiting for the share price to bottom out isn't timing the market .... it's .... erm .... risk management

Almost as void of critical thought as making assertions about BP from a chart and totally forgetting about dividends

[BABABlackSheep]

Nah, waiting for the share price to bottom out isn't timing the market .... it's .... erm .... risk management

It’s brilliance. Always knowing the minimum share price by looking at a chart. It’s such a simplistic idea that I never considered it.

[jamesbrown]

It’s brilliance. Always knowing the minimum share price by looking at a chart. It’s such a simplistic idea that I never considered it.

Charting is the 21st century equivalent of Tarot card reading. Completely brain dead.

[BABABlackSheep]

Charting is the 21st century equivalent of Tarot card reading. Completely brain dead.

Doh...if it was such a stupid idea, why do we have all these people running lectures and training courses on it?

[Old Greg]

Doh...if it was such a stupid idea, why do we have all these people running lectures and training courses on it?

Mystic Poops is way ahead of you.

Tarot Course | Learn to Read Tarot Cards - Online Diploma - Centre of Excellence

[scooterscot]

This is where I get confused. I thought waiting for an uptrend is timing the market

No. Timing the market is where a buyer or seller believes they are buying at the bottom or selling at the top. Very hard to do. Waiting for a trend reversal, i.e. lower high is replaced with a higher low, effectively guarantees you'll miss the bottom (or top). The important difference however is that my risk of loss is now greatly reduced because I waited for confirmation thereby increasing my probability of a successful trade.

Have used the above method when entering or exiting a trade with repeated success on spot markets. It requires a lot of emotional control, however. It is not easy.

[scooterscot]

Charting is the 21st century equivalent of Tarot card reading. Completely brain dead.

My 50% gain on Centrica this year, Tarot power!

[northernladuk]

My 50% gain on Centrica this year, Tarot power!

Interesting you are lording it again about CNA when you yourself put it down to luck..

I just got lucky selling my CNA at 50% gain. In only 3 months might I add.

And I've said it before if you look at the time frame you held it for you would have been hard pressed to find a stock that was doing less than that. Most people were up 80% in the same time frame so being up 50% but still the bottom end of the gains isn't really much to shout about.

Didn't AtW make 300% in the same period?