While you were sitting on the sidelines as the market rallied 20+% a lot of us were taking advantage of this rally and not giving two hoots as to why it was happening.
If the trend turns, then many of us will simply about face and attempt to make money out of the ride down.
Glad to hear you are happy
you would be a Warren buffet class trader!
G
I haven't always been on the sidelines mate
But thats great news you are making such awesome gains!
Hopefully over a five year period you will still be ahead and hey if you are you should become a fund manager as you would be a Warren buffet class trader!
G
Not smart enough to be a WB class investor (he isn't a trader) and i'm really just a sheep, follow the trend, it's pretty simple stuff.
I was being facetious as I'm sure are
Hey if you can make consistent gains of 20% and pick to bottoms and tops then good on you man!
Let me get my wallet
G
You might want to read my post again.
The Market rallied 20+%, many stocks rallied a lot more.
Following a trend is not picking tops and bottoms...
Depression Drivel? Anyone?
Make a lot of sense to me. It would be totally disastrous for someone to have firstly missed the rebound from the March low to the current level (say 3100 to 4000 = 29% gain in the index, with individual stock gaining much much higher than that, stocks like CBA and BHP from 27 to 38 =about +40% gain); and then further missing out the subsequent rebound at the end of the current correction. I guess it's horses for courses huh?
That correction call, in part, is based on some drivel about how this global recession is following the same path as the Great Depression thus far. While I don’t pretend to have a perfect crystal ball and I’m certainly not suggesting that we’re out of the woods, I think it is dangerous and completely disingenuous to be making such a comparison.
Learn from these episodes, absolutely, find out what we did wrong, you bet, but to suggest that we are automatically on the same path now I think is just lazy. It completely overlooks the significant changes to institutions, frameworks and what have you – moreover, it underplays the significant difference in policy responses. The economic setting that affected decisions was very different back then – it’s a very different scenario. So my suggestion is not to be sucked in by this stuff – it makes an interesting read for history buffs but I wouldn’t use any of it to guide investment decisions.
Kohler also said at the beginning of 2008, BHP would outperform having money in the bank. I don't think he is always right!
Kohler also said at the beginning of 2008, BHP would outperform having money in the bank. I don't think he is always right!
Kohler also said at the beginning of 2008, BHP would outperform having money in the bank. I don't think he is always right!
The article above was written by Adam Carr
Kohler also said last night that in the past 4 days we have broken out of the trading range we have been in for the past 3 months, on the downside. What do people think will happen next??
Oops, I hope you will all forgive me, Kohler did not write that after all. He only just got it wrong on the cash vs BHP call for 2008 I see. He was very very confident on that call I recall when he wrote it up in the first week in Jan 08.
Which shows you don't have a clue about how lucrative day trading can be.
hehe, just think of all the brokerage expenses added up along with the CGT expenses (without using the discount method) that you could have used to compound from. feels like such a waste just thinking about it.
of course - if you want to look at the bright side - day trading will be helping the government with their deficit lol
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