Is anyone else getting killed in the market last few days?

[Centeron631]

Thks guys for all of the input and offers of help. I guess it will take time for me to get more fully acclimatize as my brain is good but with certain medical slowdowns upstairs(mostly not age related) it does work in slow motion. I just counted my stock holdings and now at 118 including several core low volatility etfs cdn and american from and hourly financial advisore into etf's i hired May 2020 . I have no bonds or bond etfs but do have enuf cash in gic's and hi interest savings to live for 5 years. I am taking advice on stocks since 2015 from Canadian Value newsletter and do well with a lot of Canadian and some American small cap from them but only 1 of 10 score really big in their buy/hold seldom sell strategy and so i keep buying more and ofcourse in last 10 months much more with TI. And no Triplethought i do not have any AI assistance and my spreadsheet knowledge is at hardly entry level and just learned enough of it to do my bookkeeping for the 2020 tx season. I do notice that the numbers on spreadsheets with my very expereinced eyes (77 yrs young) getting incredibly small. Just learning a bit about Macd and interpreting the candlesticks. But all is well and i have fantastic descendants. And actually this last year my happy/mood scale has been on an upswing. But right now there i go arambling for a change.
ps in spite of so many missteps and not knowing what i was doing over the decades of investing i have kept keeping at it with lots of assists from advisors and i must say overall i have done quite well. Right now i guess if push came to shove i would have to say it is more of a game and something i can entertainment myself with but it is serious and a who, who likes to make more.

[bpcw]

My portfolio is just below it's all time high. I have 15 stock plays in MU and AI which makes up 30% of my total portfolio, in total I am pretty much evens. I started buying a 3 x Nasdaq etf as it corrected recently by around 12% and would have bought more if it went down further, this has netted me some profit. I also bought a 3 x Nickel etf as it corrected around 20% which is now around 12% in profit. I also have a profitable position in a junior gold miners etf (not geared), have small positions in 3 x geared sugar etf and non geared cannabis etf which are evens. My strategy is to purchase MU and AI recommendations, as well as a geared Nasdaq etf on corrections, and also to purchase geared commodity etf's where the commodity is in a strong bullish trend such as copper, commodities in general are in a very strong trend. I also have a spread betting account which I'm in profit by around 10%, trading in a similar way on corrections to the Nasdaq and commodities, I have found this extremely difficult in the past because of the emotions of seeing instant profit/loss on a mobile app but think I am finally mastering it, got to be very careful here as one can so easily slip back. So I use a combination of blind copy of recommendations from TI and an adapted approach which suits me, but it is without doubt what I have learned from Sol/TI that has enabled this and the updates on the mass psychology which help determine timing of buying/selling as well as the updates and now the contribution from others on the forum which keep my emotions tamed, it's just a brilliant service at such an affordable price.

[SOL]

Once you master your emotions the question to ask yourself is why are you in the markets. If it is to win? Then the next question is how does one win? You win by not following the masses because the masses are following each other and that includes the so called experts, 90% of which don't know the difference between a correction a crash. Once you understand that 90% don't know what they are doing your chances of winning rise exponentially.

One of the best books to read is Aesops fables and one of the best videos to watch is Plutos allegory of the cave. Read the book until you understand its true value and watch the video at least 3 times

[bpcw]

Once you master your emotions the question to ask yourself is why are you in the markets. If it is to win? Then the next question is how does one win? You win by not following the masses because the masses are following each other and that includes the so called experts, 90% of which don't know the difference between a correction a crash. Once you understand that 90% don't know what they are doing your chances of winning rise exponentially.

One of the best books to read is Aesops fables and one of the best videos to watch is Plutos allegory of the cave. Read the book until you understand its true value and watch the video at least 3 times

I used to read with excitement and expectation all the "experts" on a particular website, now after understanding from you that 99% is crap, I don't even bother. A lot of them give reams and reams of complex TA, with diagrams that have so many lines and squiggles on it looks like someone has thrown spaghetti at a wall! It is so much simpler, trend and MP, and absolutely emotional control with money management following closely behind, a little bit of ta helps but with KISS!

Have seen Plato's cave, will take a look at Aesops fables.

[bpcw]

Also I'm in the markets because it's a means to an end, not the end in itself. The intention is that one day I won't need to be in it. I'm not after a bigger house or a new car, I want to have enough to live a simple life, a glass of wine, a cup of coffee with a friend, time with family. The accumulation of more money and possessions when you don't need it is a trap into slavery, freedom is knowing how little one needs and not becoming attached to things.

[AstuteShift]

Also I'm in the markets because it's a means to an end, not the end in itself. The intention is that one day I won't need to be in it. I'm not after a bigger house or a new car, I want to have enough to live a simple life, a glass of wine, a cup of coffee with a friend, time with family. The accumulation of more money and possessions when you don't need it is a trap into slavery, freedom is knowing how little one needs and not becoming attached to things.

Indeed

money can be used as a tool for freedom, the goal is freedom.
Most people don’t have an aim or direction in their lives so they wonder around and in the end this what the top players want

Run like a hamster and spend and buy useless stuff used to impress people that you don’t even like.

[SOL]

Also I'm in the markets because it's a means to an end, not the end in itself. The intention is that one day I won't need to be in it. I'm not after a bigger house or a new car, I want to have enough to live a simple life, a glass of wine, a cup of coffee with a friend, time with family. The accumulation of more money and possessions when you don't need it is a trap into slavery, freedom is knowing how little one needs and not becoming attached to things.

Could not have put it better myself. Oh by the way lets not forget good food. foie gras , a good steak or lamb chop that is cooked the right way, even mashed potatoes with just butter and some peas are great when one is at ease

[bpcw]

Also I'm in the markets because it's a means to an end, not the end in itself. The intention is that one day I won't need to be in it. I'm not after a bigger house or a new car, I want to have enough to live a simple life, a glass of wine, a cup of coffee with a friend, time with family. The accumulation of more money and possessions when you don't need it is a trap into slavery, freedom is knowing how little one needs and not becoming attached to things.

Could not have put it better myself. Oh by the way lets not forget good food. foie gras , a good steak or lamb chop that is cooked the right way, even mashed potatoes with just butter and some peas are great when one is at ease

Good food indeed!

I've learned my first Aesop fable, in fact I think most of us already know it but it's a good reminder for me and I suspect many others, the tortoise and the hare!

[Yodean]

Oh by the way lets not forget good food. foie gras , a good steak or lamb chop that is cooked the right way, even mashed potatoes with just butter and some peas are great when one is at ease

Beautiful art goes well with freedom and food.

Here's an interesting piece by Toronto-based artist Liu Yi:



One interpretation:

Mah Jong = geopolitical struggle for global domination;

Girl on left (9 o'clock), staring intently at tiles = Southeast Asia, concentrating and working hard to win;

Girl with her back facing observer (6 o'clock) = CCP, trying to cheat by using hidden tiles behind right foot;

Girl lying on her back (3 o'clock) = Russia, has fallen behind the times and may have lost the game for the time being;

Girl in White Gown (12 o'clock) looking at Servant Girl = the Western Powers, relaxed, thinks she has already won the game with superiour resources and capital;

Servant Girl = Taiwan, a pawn of the West, looking with resentment back at Girl in White Gown, with slighty concealed dagger in left hand, waiting for an opportune time to strike . . .

[AstuteShift]

Also I'm in the markets because it's a means to an end, not the end in itself. The intention is that one day I won't need to be in it. I'm not after a bigger house or a new car, I want to have enough to live a simple life, a glass of wine, a cup of coffee with a friend, time with family. The accumulation of more money and possessions when you don't need it is a trap into slavery, freedom is knowing how little one needs and not becoming attached to things.

Could not have put it better myself. Oh by the way lets not forget good food. foie gras , a good steak or lamb chop that is cooked the right way, even mashed potatoes with just butter and some peas are great when one is at ease

You know SOL, you’re like the older brother I never had. Scary how similar we are at some things

[MarkD]

Like others, my accounts closed Friday just under ATHs. A very small move on Monday and BINGO! Keep positions manageable and things will work out fine. I use 1% as a three lot buy. And I have a lot of positions as the team keeps churning out new candidates. Just relax, risk what you think you can handle (big thing at our age!) and follow the guidelines.

[jlhooter]

Not to jump the gun but is it too early to say there may be a sale on some NASDAQ stocks?

[SOL]

Not to jump the gun but is it too early to say there may be a sale on some NASDAQ stocks?

It is coming but one should always move with the patience of a turtle and the speed of hare when the time is right and never over commit funds to a single play