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yep..I like it! But my timing is off ...too much volatilty. Heck today, intraday swings were crazy!! Last few weeks daily swings are crazy! Market not stable enough...its a Rollercoaster! I am out and plan to stay out for awhile. Or I just need to get into the right groove! :smile:I know there are some members who once they've hit a monthly goal (say 1% for example - thus 12% for the year and hence a solid return) get out for the rest of the month. (a slow motion trading kinda thing). Maybe that's an option.
China the reason for current downturn?
China factory activity slips to 3-year low - MarketWatch
Reason I pulled out today, even on down day, is because I think market continues down with 2-3 day bounces that are shallower then the last high (down trend). So if I wait, its still a crap shoot that next bounce will be higher then my entry on 8-24 (65%). I exited 30% last Wednesday and so was able to recover a lot of the huge drop that occurred on Mon-Tue. But I missed exit of the rest on Thurs-Fri (due to issues and travel).
This might not be the best thinking, but it is what I think. Will look for next bottom on this markets continuing downtrend, to get in (hopefully) at a short term bottom and exit 2-3 days later on the bounce. I believe this strategy is best for downtrend market.
I believe this down trend may last into next year. But i don't have a crystal ball so I will need to rely on weekly/monthly charts and technical indicators on those longer term charts to figure out when we enter an uptrend again.
Anyone else have downtrend strategies they want to share??
Best wishes to everyone on investments!!!!!!!! :smile:
Hi Stoplight, I must admit I knew nothing about Tesla. I've never had interest in an electric car because I thought: (1) they are too slow without enough power, (2) I can't be bothered with charging, and (3) I love the purrrrr and growl of a good powerful engine. So when you mentioned "insane" mode, I had to look it up.Oh c'mon, DBA !
If it's acceleration that you crave, dig deep into that bag o' cash and buy one of those new Teslas...the one with "insane mode" !!!
Probably not the growl you're looking for, though...
I'd LOVE to test drive one of those, just to see what all the hype is about, and how it broke Consumers Reports testing methodology !!!
Stoplight...
That's the "old" model !!!
Stoplight...
Hi Stoplight, I must admit I knew nothing about Tesla. I've never had interest in an electric car because I thought: (1) they are too slow without enough power, (2) I can't be bothered with charging, and (3) I love the purrrrr and growl of a good powerful engine. So when you mentioned "insane" mode, I had to look it up.
Wow! I'm surprised and can now see why there is such a big hoopla made about Tesla. They now have a "ludicrous" mode... 0 to 60 in 2.8 seconds??? ....that is impressive. I didn't look at the price though... had a feeling I would not want to pay for it...if it cost near $75k??? It would be hard to justify no growl when a HellCat's available at that price and even less during the next couple months with inventory closeouts.
But more importantly, your right....no growl... I want my baby to growl ...at least a little!! Lol.... P.S. A test drive on anything fast would be Fun!! :laugh:
Tesla to offer faster 'Ludicrous Mode' - Jul. 17, 2015
P.s.s. Just saw Tesla price..$119k.Ouchy!! I think not! Would need a very rich "friend" to pull that off!! I'm not diggin into TSP for that! LOl......:smile:
Yes... tend to agree with you. I briefly thought about buying in today... as the markets are down again. My thought was that IF I buy in low today and then Yellin talks it will bounce tomorrow for an exit. I am thinking she will probably give a little "pep" talk later this afternoon. I thought I had heard this talk would occur after market close? So in any case, was thinking to try to take advantage of a small bounce from her expected Pep talk. Anyone have thoughts on that????Maybe we do test the lows... :worried: