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and the stock market keeps rising

Started by andr99 , Jan 27 2023 01:49 PM

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11 replies to this topic

#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

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#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!!

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#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

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#4 pdx5

I want return OF my money more than return ON my money

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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

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#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.

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#6 pdx5

I want return OF my money more than return ON my money

Traders-Talk User
9,527 posts

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