BelleWeather :
Bull markets tend to last a long time compared to bear, and the interim has only gotten longer in recent decades. I’ve just started trading (was buy and hold only until a friend was successfully swing trading my picks, so I joined in, practicing with crypto, and playing options leading up to earnings, and turned it into a game of making the number go up .) But I think this is a failing of TA - it isn’t meaningful in this context. I am learning that it is very much so moment to moment for entry & exit points, though! There are many reasons that the bull will continue, only fears that it won’t. This is the fun part, I intend to enjoy it.
(And looking back, market PE isn’t so high compared to that over the past 5-7 years.
All Also Taken BelleWeather: swing trading is fun but you don't make much money with it compared to the risk to have to take, and the work you have to do :)
BelleWeather All Also Taken: Yes, I actually stopped doing so in crypto when I analyzed and saw how much upside I missed! And it’s a lot of work, true! It helps me to follow along with people who explain things here and in other forums. Helps me guide my thoughts, etc. But mostly I look at volume, liquidity and trend - maybe support and resistance to optimize entry or exit when reallocating capital. And that’s how I swing trade, too, now - use some TA, preferably someone’s I trust more than my own, hahaha, to make changes to a portfolio while preserving the maximum capital. But the sad truth is, I might simply be better off not trading at all. In crypto for certain, I did well, but would have hit all targets had I not missed 250% of gains by swapping tokens and coins. Since I don’t have infinite capital, and am prone to so many mistakes, trading stocks is more a side effect than the plan. Options, I think, are the happy medium, if used as a tool, not a gamble (though I’ve done that too, haha.) They allow shorter time frames and are less subject to certain errors and battling algorithms; the Greeks are fun, too.
Waynewx : What you said is obvious, the hard part is being able to profit when it happens.
SpyderCallOP Waynewx: Timing is the hardest part. And it's everything. After a rally like this, I think the correction will eventually be noticeable enough for everyone to get a piece. Even if it is just a little piece.
Ultratech : too bad this will keep climbing...after a correction it probably rips immediately anyway o noo
SpyderCallOP Ultratech: That has been the pattern for a while now. Just buy the dips until an official downtrend starts.
Ultratech SpyderCallOP: holding forever son...
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Sianzsation : The rhymes participate don’t anticipate!
SpyderCallOP Sianzsation: makes it easy to remember.
73475104 : agreed
mypulse : Russell 2000 still seemed stucked, so market has not broadened... This rally is weird.
Kevin Matte : a lot of people that I follow on the internet (mostly youtubers) say that from April/May/June there will be a crash in the market until 2025, of the order of -30 to -75%... A lot start to prepare for it. Personally, I don't believe there will be a "big crash" but rather a correction, and maybe not ^^
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