Stock market collapse in October

[sasguru]

Actually Buffett has a controlling interest and runs many of the companies he invests in. He says investing in and owning companies is merely a matter of degree - and he only does it for the long term.
AtW would approve.
As to when you cash in - well whenever is convenient for you - retirment perhaps. I suspect Buffett does it for fun.
Interestingly there has never been a billionaire day trader in the history of the stock market - wonder why that is?

[sasguru]

Yeah read all the price action, pin bars S&R etc. Its 50/50 im afraid.

He doesn't want to listen. He'd rather shoot the messenger.

[SantaClaus]

Theres a lot of messages from sad guru.

Fortunately all I can see is

"This user is on your Ignore List."

[sasguru]

Theres a lot of messages from sad guru.

Fortunately all I can see is

"This user is on your Ignore List."

The laugh is on you.

[DimPrawn]

Theres a lot of messages from sad guru.

Fortunately all I can see is

"This user is on your Ignore List."

He said he was sorry and actually you are probably right and he is probably wrong.

[SantaClaus]

Yeah read all the price action, pin bars S&R etc. Its 50/50 im afraid.

OK, if you think that then aim for 1:3 risk/reward. And make sure there is enough room to the next resistance level to allow that. And pass on any trades that dont meet that criteria.

[AtW]

He said he was probably sorry and actually you are probably right and he is probably wrong.

[Diestl]

As I've said before, only risk 1-2% of your account. Then you will survive a string of losses.

Dying from a thousand cuts.

[AlfredJPruffock]

And the data from the US is - very very good.

Markets are all up - Sterling is up.

Tough luck chaps - you got it wrong again.

Predictable really.

If only you had a decent Tardis ....

[ASB]

The market is random there is no edge.

You are half right there. There is an edge. The only problem with it is that it changes every nano second.

Any chances of regular close above 5241 next june. Need that for lots of reasons, but not looking too good.