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and the stock market keeps rising


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#1 andr99

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Posted 27 January 2023 - 01:49 PM

while most people expect a market drop....an old story. They create a wall of worries and then they take the opposite direction....


Edited by andr99, 27 January 2023 - 01:49 PM.

forever and only a V-E-N-E-T-K-E-N - langbard


#2 12SPX

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Posted 27 January 2023 - 02:07 PM

Don't see where your seeing the market drop except blu as call option prices refuse to let up on their extreme bullishness!! 



#3 andr99

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Posted 27 January 2023 - 03:21 PM

sicerely I don't see many who are LT bullish. Comments say most people are LT bearish, but the bear is over imo


forever and only a V-E-N-E-T-K-E-N - langbard


#4 pdx5

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Posted 27 January 2023 - 04:56 PM

I am long term bullish, but expect the bear to show up after the favorable bullish seasonality is over. I am keeping 2/3 in cash which is paying me 4-4.5% interest to wait for the bear. The 1/3rd longs bought during dips in 2022 is doing fine.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 Rich C

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Posted 27 January 2023 - 06:21 PM

I have been buying a little IEO almost every day, and I put a trailing stop loss percent under it down 4%.  Making money on that.  I sold put on various stocks while the market was lower about a month ago, Feb and March expiration.  I have been buying them back, at 10% of what I collected on them.  The market is up, so I'm selling covered calls.  If the market corrects, I'll buy them back for a fraction of the selling price.  I'm willing to take on more risk here, but nothing wild.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months. 


#6 pdx5

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Posted 27 January 2023 - 06:36 PM

I have been buying a little IEO almost every day, and I put a trailing stop loss percent under it down 4%.  Making money on that.  I sold put on various stocks while the market was lower about a month ago, Feb and March expiration.  I have been buying them back, at 10% of what I collected on them.  The market is up, so I'm selling covered calls.  If the market corrects, I'll buy them back for a fraction of the selling price.  I'm willing to take on more risk here, but nothing wild.

I wish I was nimble enough and skillful enough to execute those trades like you. My trades are limited to half a dozen or less trades in a year.

My methods are great for a lazy trader. Buy index funds during dips, have patience and incubate patiently, then sell as soon as decent profit shows up.

The biggest thing I like about this is I seldom get caught in a serious crash. That is much easier on my nerves. I am always out early. Baron Rothschild said he got rich by selling early. Maybe he was right.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#7 da_cheif

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Posted 27 January 2023 - 09:42 PM

full moon next week   i would be surprised if there wasnt a decline into it



#8 12SPX

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Posted 28 January 2023 - 01:31 PM

Wow look at you chief, first downtrend signal I've ever heard lol!!  Did you know there is a full moon every 29.5 days!! 



#9 pdx5

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Posted 28 January 2023 - 02:07 PM

Wow look at you chief, first downtrend signal I've ever heard lol!!  Did you know there is a full moon every 29.5 days!! 

Very funny comment. I needed a good laugh, and I am chuckling.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#10 dTraderB

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Posted 29 January 2023 - 09:15 AM

Happy, Healthy, and Prosperous 2023, Chief!

Hope you're feeling much better.
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YOU ARE LOOKING FOR A FULL-MOON DECLINE?

full moon next week   i would be surprised if there wasnt a decline into it