When the pullback comes….
We can be right and sit tight, like Livermore, or hedge. I sat tight the last great bull market, without hedging, and portfolio still went up 2000%. 🙂
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After the past few years, I think you are really enjoying these less stressful days…Writing any good books?
I think sitting tight will get what your sitting on handed to you. LOL Bull starts at the end of the year after a massive down draft. How do I get to that conclusion? you wouldn’t believe me if I told you, besides I can’t write that much.
What positions did you have..?
Congrats late but still an achievement.
Did U buy the same stocks again???? You may share with members here.
I had about seven stocks in all. If one didn’t perform as well as the others, I tossed it. I can’t remember them all. Had bema gold, eldorado, endeavour silver. But I had bought a number at the very bottom of the gold bear in 2000, 2001. Stocks like eldorado were going for 25 cents. Don’t forget that was a tremendous bull market from 2002 until 2006 and beyond. After the bull was over, I gave some back by taking on too much risk with other stocks. An experience like that makes you over confident to say the least. In a true bull market you can sit tight through the corrections and do well. In this bull market, whether it begins now or after another downdraft will be similar. It is very easy to lose great positions in stocks during a bull market by jumping in and out. That’s my story and I’m sticking to it.
Hi Eagle. I have a few completed, and I am working on editing one now. Just novels, 🙂 Not any pragmatic, money-making, TA stuff, unfortunately.