Patience. I too am frustrated but that is what the market wants.
The keys is to not look back and second guess your trades. I did that a lot and it ends up making you crazy. Just look forward and stay with your system.
I think a lot of folks threw in the towel today and bought. They probably will tomorrow too. But this seems like a blow off top to me. It's about over. The contrarian view. I bet the sentiment survey goes way positive and gives a sell for next week.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
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http://www.SaveUp.com/r/nmJ
Geez. I hope this person isn't losing sleep over this stuff. He should try sticking with a system if it's giving him that much heartburn.
I have a feeling short selling isn't dead. We'll see what happens to all those newly exposed zombie companies once the VIX gets below 20.
https://www.ft.com/content/3316b3b8-...b-107dbe0a0a98Hedge fund Lansdowne Partners has made a big call on the outlook for stock markets by stopping short-selling in its flagship $2.8bn fund.
Trillions of dollars of central-bank stimulus has lifted prices of assets across the board. Companies that might otherwise have gone bust have instead benefited from very cheap financing, making it hard for managers to pick out the next bankruptcy or to bet against overpriced stocks. Part of the reason given by Lansdowne’s Peter Davies for stopping shorting was that if the Covid-19 shock does not expose dud companies, then what will?
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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