stock market crash stock market crash - Page 351
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  1. #3501

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    Quote Originally Posted by scooterscot View Post
    I don't day trade. In fact I'm a very poor swing trader.

    Never do I try to time the market. With Lloyds I'm waiting for confirmation of an uptrend. This is managing risk.
    This is where I get confused. I thought waiting for an uptrend is timing the market

  2. #3502

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    Quote Originally Posted by BABABlackSheep View Post
    This is where I get confused. I thought waiting for an uptrend is timing the market
    Nah, waiting for the share price to bottom out isn't timing the market .... it's .... erm .... risk management
    I am what I drink, and I'm a bitter man

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    Quote Originally Posted by Whorty View Post
    Nah, waiting for the share price to bottom out isn't timing the market .... it's .... erm .... risk management
    Almost as void of critical thought as making assertions about BP from a chart and totally forgetting about dividends

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    Quote Originally Posted by Whorty View Post
    Nah, waiting for the share price to bottom out isn't timing the market .... it's .... erm .... risk management
    It’s brilliance. Always knowing the minimum share price by looking at a chart. It’s such a simplistic idea that I never considered it.

  5. #3505

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    jamesbrown is a fount of knowledge

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    Quote Originally Posted by BABABlackSheep View Post
    It’s brilliance. Always knowing the minimum share price by looking at a chart. It’s such a simplistic idea that I never considered it.
    Charting is the 21st century equivalent of Tarot card reading. Completely brain dead.

  6. #3506

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    Quote Originally Posted by jamesbrown View Post
    Charting is the 21st century equivalent of Tarot card reading. Completely brain dead.
    Doh...if it was such a stupid idea, why do we have all these people running lectures and training courses on it?

  7. #3507

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    Old Greg is always on top

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    Quote Originally Posted by BABABlackSheep View Post
    Doh...if it was such a stupid idea, why do we have all these people running lectures and training courses on it?
    Mystic Poops is way ahead of you.

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    Quote Originally Posted by BABABlackSheep View Post
    This is where I get confused. I thought waiting for an uptrend is timing the market
    No. Timing the market is where a buyer or seller believes they are buying at the bottom or selling at the top. Very hard to do. Waiting for a trend reversal, i.e. lower high is replaced with a higher low, effectively guarantees you'll miss the bottom (or top). The important difference however is that my risk of loss is now greatly reduced because I waited for confirmation thereby increasing my probability of a successful trade.

    Have used the above method when entering or exiting a trade with repeated success on spot markets. It requires a lot of emotional control, however. It is not easy.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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    Quote Originally Posted by jamesbrown View Post
    Charting is the 21st century equivalent of Tarot card reading. Completely brain dead.
    My 50% gain on Centrica this year, Tarot power!
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  10. #3510

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    northernladuk has reached the peak. Play again?

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    Quote Originally Posted by scooterscot View Post
    My 50% gain on Centrica this year, Tarot power!
    Interesting you are lording it again about CNA when you yourself put it down to luck..

    Quote Originally Posted by scooterscot View Post
    I just got lucky selling my CNA at 50% gain. In only 3 months might I add.
    And I've said it before if you look at the time frame you held it for you would have been hard pressed to find a stock that was doing less than that. Most people were up 80% in the same time frame so being up 50% but still the bottom end of the gains isn't really much to shout about.

    Didn't AtW make 300% in the same period?
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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