Loading ...A RIDE FOR THE AGES
Where were YOU in the Fall of 2010 thru to Spring of 2011 ?
Many / Most here were on this ride .
Remember ?
Who Sold ?
Crickets !
And I bet no one can tell me WHY this happened when it did ?
WTF was going on in the world in this time period to make such an incredible thing happen to our Bob ?
And what happened to make it STOP so abruptly ?
A Prize to anyone who can tell us.
Perhaps you aren’t asking for people’s specific answers but here are mine–
I sold then but arguably too little. I kept selling in bits and pieces after that until around the time Spock called the bottom.
Charts looked bottommy to me as well as to Spock early 2016. Then I began rebuying, including lots of Spock recommendations. Panic buying starting Feb-Mar 2016 in fact. That’s what I did.
Some of the stuff I would have been better off keeping–it’s higher now and has been for some time. Some I would have been better off keeping and dumping in the 2016 peak. Some I would have been better off dumping at the start, in 2010-2011. Hindsight 20-20 and all that. I haven’t calculated whether it would have been better for me to have sold it all in 2010-11 or held it all through today. Probably would have been better to have sold it all, but some of it has just gone up. Certainly if I’d had the perfect retrospective vision to have known what to have sold and not to have sold…
It stopped abruptly because it stopped going up and went down.
Yes Fully. An important point we must as traders think and develop a plan to how to deal with it next time.. whether it be silver.. gold.. palladium or us equities. Those who dont have a plan.. either get super lucky and sell close to top.. or get trapped. This is based on my own experiences where i was in a trade without a plan.. and luckly exited before it crashed down.
It stopped because;
LIBYA was destroyed for selling Oil for Gold and trying to create a Gold backed African currency with 3 other African countries.
DYODD