SPX & DJI TA long-term
After the falls in recent weeks, I have to post my view.
S&P 500
I will start buying around 2200-2300.
Dow Jones Industrial Average
It could take a long time but it would be nice to buy bounce from red trendline.
Questions
- Should I stick to forex?
- Do you want to be the first to answer my questions?
Risk disclosure: Not a trading advice
Sources: tradingview.com, mind
I would be cautious trying to time the bottom. I'm waiting till the VIX is stable for a week or more.
Stocks are different from forex mentality. You have to be ready to hold them much, much longer. Don't think you can change holdings in and out every week. This goes back to the active management mistake/fallacy (hint: you can't beat the index)
I've been in the market during the housing issue and Bush era. This is the weirdest, illogical week I've seen in a while, so I am making sure there are many signs of stabilizing until I do anything. It's worth it to miss out on potential profits.
I shorted stock market, chances are 2018 is a down year for stock. Trade safe!
I agree with you.
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Great idea, lost 230CZK