Since the correction is happening now, will May be okay?

[Buster]

The fact that you need to ask this question demonstrates that you really shouldnt be putting your money in the stockmarket. Put it under your mattress your sure to lose less.

Awwww.. Unfair. Thats not really helping anyone out, and he did say he started out with a small sum so that he wouldn't do too much damage..

Hell, some people blow that much on the so called expert trading system course and software and not a penny on a trade.. At least he's backing himself, maybe he will learn some valuable lessons, but even if it all goes to custard, nothing soul destroying..

Cheers,

Buster

 

[numbercruncher]

G'day NumberCruncher.. or is it Chicken Little, AKA Henny Penny..



Then again I could just be full of sh*t..

Cheers,

Buster.

G'day Perma Bull Buster,


Oh i wouldnt say that, im sure youre as good a financial pundit as say Greenspan or Soros ......

It sure would be a boring world if everyone thought on a global scale hey


May peace be with You.

 

[LPA]

The fact that you need to ask this question demonstrates that you really shouldnt be putting your money in the stockmarket. Put it under your mattress your sure to lose less.

Gee thanks, your arrogance is very becoming. Don't worry about me - I'm substantially up for the one year I've been trading. I have exit strategies and I only invest with money I can afford to lose anyway. Seriously, just because I'm not a 'fundamental analyst' doesn't mean I'm an idiot - get over yourself. I just wanted to start a discussion...

Thanks for those of you who tried to give some useful information though.

 

[mmmmining]

If you guys have a look at 2005 XJO chart when 5% correction between March and May happened, this year might be the similar one, and maybe a bit more serious. I guess, might be 5-10% correction. And then, the market will pick up again.

 

[purple]

Gee thanks, your arrogance is very becoming.

"un - becoming"

LOL

sorry LPA, couldn't resist that. a bit bored sitting out the weeekend waiting for the action (or unaction) to start again on Monday...

anyhow, don't take notice of that fellow, must have had a massive loss
-->

to answer your question, no way will May be OK. I think people tend to look to history and compare the crashes of old, but the market of today is much more liquid and it moves far faster with e-trading. Plus the ability of stop losses and all the stuff, things may barrel up and then crash again.

the risk is never lessened, IMHO. if anything, the risk is more nowadays I suppose.

 

[Out Too Soon]

Why are these months so bad?

It was noticed quite a few years ago that those months were on average worse. Now because most traders are aware of the fact it becomes another self perpetuating fact. Reason or not, everyone gets jittery leading up to may etc.
I'm guilty too, I have stuck above my screen "sell in may (late april) go away".

 

[LPA]

"un - becoming"

LOL

Hehe, yes I did realise that - I was being sarcastic Should of used the emoticons...anyway the fact that he doesn't know the difference between 'your' and 'you're' says a lot. I hope he lost big-time (now that was uncalled for!)

Anyway I've always been interested in the psychological aspects of the market. I presume that because it can be so affected by psychology that the majority of holders are short/mid term traders? long term traders just hold onto the good companies until they need to buy a house or something

It will be interesting to see though, if we have a 10% correction before mid-May (plenty of time yet for that to occur) whether the psychology will kick in still or whether people will be a bit more sensible and realistic about things.

Either way, I've decided to just hold and not try and time things as I don't have the knowledge to do that successfully (plus the broker fees are significant enough to be taken into consideration) - maybe I'll pick up a few more after the carnage

 

[Out Too Soon]

down 4% all together so far. 5700, best advice now for those still holding like myself is just hold on, go do the mowing, take the dog for a walk, take a holiday. Just dont sell.

 

[Mousie]

Must admit it was more fun watching the huge "correction" (only?) last week and then the slight rebound later in the day rather than the gradual bleeding (of market caps) we saw today. Today kinda suffocates you slowly, and I think this was amply represented by the outstanding no. of posts last week and the no. of posts today. Any bargain hunters out again anytime soon?

 

[Out Too Soon]

Must admit it was more fun watching the huge "correction" (only?) last week and then the slight rebound later in the day rather than the gradual bleeding (of market caps) we saw today. Today kinda suffocates you slowly, and I think this was amply represented by the outstanding no. of posts last week and the no. of posts today. Any bargain hunters out again anytime soon?

"Hold your fire! Wait until you see the whites of there eyes."

 

[carmo]

Where's all the super money going to go now??