I ended up about 7% for 2007. This is despite making 1 very bad move...
After being "out" for a prolonged period of time, I decided to go 100% in stocks for a "short term bounce", then get back out. Guess what day I went in? July 25th. The market then tanked, but I rode the wave all the way until right after the September FED meeting, when I got the <BLEEP> out of Dodge! I was so happy just to get out of that unscathed!
So, I"ll take 7%! One thing I have to learn is when to get back in after being out. I was actually out from summer 2006 until that fateful day this July! I missed a HUGE rally. Now I"m hoping for another restest of lows (lower 1400's or so) to get back in, with incoming economic data determining exactly how long I want to trade ranges before getting in and sitting tight.
Does anyone have any "rules of thumb" when it comes to determining when you should cut your losses and get back into stocks (after being out a long time?).
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