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We’re at all time highs, is the market going up or down? You have an increased risk here because the wrong decision can be decimating (short the market and it
by o-__-o 7y ago
We’re at all time highs, is the market going up or down? You have an increased risk here because the wrong decision can be decimating (short the market and it continues to rally, or buy the market and we’ve hit the top). Nope I would wait for a confirmation signal and act on that. Even long term investing, you should have an edge never invest and withdraw blindly.
- darkteflon 7y agoUnless you are a PhD in finance working at one of a handful of the world’s top money managers, I guarantee that what you confidently refer to as your “edge” is gonna end up poking you in the eye. Age and experience will teach you that if you let it.
- o-__-o 7y agoOr maybe age and experience has seen this before and went balls deep in ITM calls after the market washed out 100+ points. I mean if you reread what I said, it’s spot on to what happened over the last few days But keep thinking a paper giving you a title with some mixed case letters makes you a top money manager and that no one could have possibly avoided a 40% loss during 2008 Also an edge can simply be moving averages which has a proven backtest but there are a lot more analytical tools that exist today