[quote=SD Realtor]Diego here is how to get rich in the stock market, do exactly the opposite of what I do!
Honestly I do not have any strong insights to the market but I have pretty much jumped out of the market 100 percent with regards to long term investing.I did start to simply perform some short term purchases of index based etfs depending on where I think the market will go in the short term. I gotta tell you, if you look at the behavior of the market during the 1929 crash which really saw a peak in 1928 the similarities are interesting. So I just kind of do these nimble in and out moves with tight stops. I am a wuss though. I went positive the day the dow bottomed out and did great. However I only enjoyed about 25 percent of this rally because I had to tight of a stop and last week the market opened with a dip down and I got stopped out because of 4 freeking cents on SSO. What can you do right? So you figure if the s and p was down at 680 or was it 660 on the low 2 weeks ago, then how high should it go before I go in negative? If you look at the charts through depreciation cycles it seems like getting a 20 percent rally in a secular cycle screams entry point for the downside. So today the sp his 770 but obama flapped his gums and the market soured.
Anyways don’t listen to me because I am an idiot. I enjoy hoping the points of view other investors on the site bring up.
[/quote]
Hah hah… You sound like me…
Actually, I’ve started trying a different strategy. I go through the usual logic and reasoning I have with why I should do a specific speculative investment. I do my rationale and reasoning that my enginerd and geekdom bestows on me. Then after I muster up enough logic to make the speculative investment, at the last minute I do a 180degree reversal of what all my logic/reasoning tells me to do. Seems to work better for me these days..:)
Case in point Citibank…. I was like holy cow, this is going to $0, it’s going to get nationalized, now stay the hell away from it. and just when I’ve convinced myself that citibank is going under, do the last minute reversal and buy a few shares at $1.01 thinking this is a completely bad idea. Well, I’ve doubled what I put in. BTW, it wasn’t much. $1000. I figured, better than going to vegas 🙂 lol…..(I won’t tell you about my other stock picks though heh heh)….
