I don't know how long you've been in this game, but after a few of these corrections you understand that it's just not worth the risk trying to time the market, whether or not you're following anyone's TA or not. You might get it right, and make a bit of money buying back on the dip, but more often than not you'll get it wrong, and eventually you realise the pain of missing out on the bull runs is much worse than the pain of seeing your portfolio temporarily down 50%.
I only follow @haejin's blog for buying points only, and to get a feel for where the market is going. Not to trade. Buy and hold is the winning strategy, and only selling when you've reached your moon.
Taxes also come into play, and the hassle of trading and reporting that, and paying the capital gains each time is not worth it.
@h00pla85. TA has changed serval times. Of cause. What do you expect? Not to change at all. Trading is fluid. You have to change with it. News always comes after the fact. How does it help you trade? Your opportunity is gone, done with.
I think you sound like a smart person. I followed you.
But yeah trying to tell people the sky is falling....It's a hard pill to swallow.
You can understand why people wanted to bury their heads in the sand during the downturn (which isn't quite over (and yet people will probably take this as a signal to buy now)).
During a bull market analysts like haejin are invaluable. But they can't be expected to let you know when to cash out.
When it starts to get frothy, you can save yourself from a lot of pain by listening to contrarians.
I don't know how long you've been in this game, but after a few of these corrections you understand that it's just not worth the risk trying to time the market, whether or not you're following anyone's TA or not. You might get it right, and make a bit of money buying back on the dip, but more often than not you'll get it wrong, and eventually you realise the pain of missing out on the bull runs is much worse than the pain of seeing your portfolio temporarily down 50%.
I only follow @haejin's blog for buying points only, and to get a feel for where the market is going. Not to trade. Buy and hold is the winning strategy, and only selling when you've reached your moon.
Taxes also come into play, and the hassle of trading and reporting that, and paying the capital gains each time is not worth it.
@h00pla85. TA has changed serval times. Of cause. What do you expect? Not to change at all. Trading is fluid. You have to change with it. News always comes after the fact. How does it help you trade? Your opportunity is gone, done with.
@h00pla85. Your only good advice would have been to sell to fiat awhile ago. Could have, would have, should have done it. What good would that do?
I think you sound like a smart person. I followed you.
But yeah trying to tell people the sky is falling....It's a hard pill to swallow.
You can understand why people wanted to bury their heads in the sand during the downturn (which isn't quite over (and yet people will probably take this as a signal to buy now)).
During a bull market analysts like haejin are invaluable. But they can't be expected to let you know when to cash out.
When it starts to get frothy, you can save yourself from a lot of pain by listening to contrarians.