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Junior Trader
![]() Join Date: Apr 2009
Location: London
Posts: 17
Favorites: AFR.L, MDW.L, PUB.L
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I'm pretty new to trading and completely understand I have a lot to learn so would really appreciate peoples opinion on whether there will be another bear market or not and how deep it will go. There has been a lot of suggestions in google and from friends that there is one last bear market on the way. As a consequence I got the fear and sold pretty much all my stocks early in April. Bit gutted now because if anything the recovery has accelerated and I've been left behind scratching my head. The way I understand it is that due to the ratio of options to buy/sell waiting to be triggeered there is a certain amount of pressure pushing the market in a certain direction. Is that correct? And if it is where I can get hold of that kind of information? I've made a profit since starting to trade so musn't grumble but I do lament what could have been. I'm now fearful of investing in anything whilst there is still talk of one last bear. Will it happen? Will it be in May? I'm already very thankful for all the advice I've had from some of the traders here and on Google (filtering thruough the spammers). There's no way I would have made as much profit without you guys. Any thoughts would be great. I'm trying to figure out how best to manage the potential drop. Do you simply invest as normal but apply stops along the way? Thanks again, Magsy |
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Rants
![]() Join Date: Apr 2009
Location: Cloverdale, OR
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Well first Grizz, This whole Bear, Bull thing is way over rated. Even on the biggest Bear down trends there are stocks going up and even an occasional New 52 week high. If you are going to get in or out of the market based on one of these "Sentiment" statements, you will be a sitting duck. ![]() I have been trading for more years than many of the traders here have been alive. I can tell you when people all start saying it is a bull market. The bull market is about over!Have you noted for six weeks and what? a 30% recovery of the DOW? People are still saying it is a Bear Rally. Bear rally my butt!This is a fast charging full stampeding BULL. Can you tell me when the DOW has climbed $1500.00 in less than 60 days? Was it a Bear market then? Plain and simple. You get into good stocks that will certainly weather anything sent their way and you can't loose regardless of the BULL OR THE BEAR. Simple rules, never short stocks if you cannot loose 5 times what you have in the market. Never buy stocks you have not personally researched. Don't buy anyones recommended stock if you have not looked to see "WHY I OR ANYONE ELSE SAYS TO BUY IT" If you can see the "why" you will not know when to get out if need be. Rarely do the people who tell you to get into a stock tell you when it is time to bail. Often they don't know themselves. So forget and , think about & research. Then buy some stock.
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Trants
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Junior Trader
![]() Join Date: Apr 2009
Location: London
Posts: 17
Favorites: AFR.L, MDW.L, PUB.L
Rep Power: 62
Reputation: 320 ![]() ![]() ![]()
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Thanks Trants.
I must admit I've been a bit lazy on the DD thus far. It's about time I pulled my finger out! Then I can hopefully start giving some educated tips. Thanks again, Magsy |
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