There is a ‘right thing’ to do when the market tanks | Crypto Craft

  • There is a ‘right thing’ to do when the market tanks

    From marketwatch.com

    I came across a statistic so surprising it was hard to believe: During the recent market downturn, according to Fidelity Investments, approximately 15% of investors sold all of their stock holdings. And among investors age 65 and older, nearly a third sold all their stock market investments. It was a discouraging figure, meaning that large numbers of people had picked exactly the wrong time to abandon their investments. Fortunately, the figures were corrected a few days later. The actual numbers turned out to be far smaller. That’s good news since the stock market recovery, like the downturn itself, was the fastest ... (full story)

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Not-KPMG
Jun 29, 2020 1:07pm
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Quoting Hurst
The right thing to do is sell the market, when it tanks and that's why I am selling in July....
Dumbooooo

Weren't you the one liar holding foreeeever???

Lying tudr
Reply
OutThere
Jun 29, 2020 2:01pm
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Quoting Hurst
I think you have me mixed up with someone else I was bearish in June as well here is the video link https://www.youtube.com/watch?v=cbXK4IMV-jg&t=12s I was just a few traded days out from the top which came in on the 8th not the 3rd. So I guess you need to go get the soap wash your mouth out and apologizes.
hmm..since when you became a commercial member?
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OutThere
Jun 29, 2020 2:10pm
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Quoting Hurst
{quote} Since FF decided to place me in that section. You don't get a vote on it.
Weird. You might as well milk it and make some money. Do you have any amazing system to sell or anything?
Maybe peddle FTMO or one of them middlemen for a cool commish on the side.
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Not-KPMG
Jun 29, 2020 1:06pm
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Blaaaaa
Buy
Blaaaaa
Buy
Reply
Hurst
Jun 29, 2020 11:23am
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The right thing to do is sell the market, when it tanks and that's why I am selling in July.

https://youtu.be/ZviQ1e6364g
Reply
Hurst
Jun 29, 2020 1:53pm
Permalink
I think you have me mixed up with someone else I was bearish in June as well here is the video link
https://www.youtube.com/watch?v=cbXK4IMV-jg&t=12s

I was just a few traded days out from the top which came in on the 8th not the 3rd.

So I guess you need to go get the soap wash your mouth out and apologizes.
Reply
Hurst
Jun 29, 2020 2:01pm
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Quoting Vancarbon
That's a broad statement Hurst . July ! I said yesterday as IG were mispricing imo their Wall street weekend with a 200 point gap down and advised to buy ( I deleted the post ) that this week was a BTFD ( buy the dip ) and it will be tomorrow . I looked at the accumulation/distribution and it was apparent that it was risk on for this week . We could even stay risk on for the first week or two of July so a word of caution . Good luck They'll probably let the mutual funds do the majority of buying at the start of the month before any traction on the...

If you watch the video I give the level and time of where I am looking to sell. on a M15 chart, my cycle tool says down, yes cycles can invert but we seem to be moving down so look to sell the highs.

I saw IG were showing the market 200 points down over the weekend. I would not trust them at all but a gap down on a fall is usually not a trade to hold.3059.47 on the SP500 was not hit yet which is fine as the Q point indicator suggests tomorrow a the day to short.
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Hurst
Jun 29, 2020 2:26pm
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Quoting OutThere
{quote} Weird. You might as well milk it and make some money. Do you have any amazing system to sell or anything? Maybe peddle FTMO or one of them middlemen for a cool commish on the side.

Well now they did it I decided to sell some of the tools I had made. I have a cool cycle tool that works on the daily chart, it gives me a lot of confidence to stay in trades, and when to start closing them.

My analysis of time and price lead to the development of time and price lines that draw from singular points, have a look at the video you can see what I am doing.
Reply
Hurst
Jun 29, 2020 2:04pm
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Quoting OutThere
{quote} hmm..since when you became a commercial member?

Since FF decided to place me in that section. You don't get a vote on it.
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