Loading ...Surf’s Midweek Updates
Are in the process of being posted. Does anyone trade the Stock Market on this site or just Gold & PMs? Gold & PMs are a nice trade when in an Intermediate Uptrend but then spend long periods consolidating and/or moving into Intermediate Cycle Lows (ICLs) where your capital and mental state can wither. The action in stocks can be less impulsive but far more steady and this is still an impressive if aging Bull Market. My risk management approach says you should allocate 60-70% of your capital to this sector which has been very steady since the December 2018 low.
In any case, my mid-week update on Stocks (SPX) is a freebie today. Enjoy.
https://surfcity.co/2020/02/05/stocks-bonds-mid-week-update-21/
Great stuff Surf and i agree 100% with your preamble
The answer is only a small minority here play the long side of the “Most Hated Bull market In History ( credit Rambus for the title)
But if more folks would get past this fetish for Gold Only and play whats moving they would be more successful as traders
I know gold bugs are intense and fervent crusaders… but gold has been a better instrument from a buy and hold perspective… again.. it all depends when you enter.
Gold & PM’s are simply another trade to me and I have done well with them espeically in the first few months of a new 5-6 month Intermediate Cycle when the Impulse moves are hard to beat. But after it tops I sell and rotate my capital to other sectors and Stocks are much more steady (but also just a trade). I dont see the point of holding anything through a downtrun in my trading account once its Intermediate trend has topped.
I know.. if you move the goal post my arguments fall apart… but lets keep it easy for gold… let that precious metal atleeast win one! for the good guys!
Patrick, Most investors would do well to use a percentage allocation for various trading sectors as it would keep them from concentrating on just one sector, IMO. For Gold & PM’s I use 10% to a max of 25% (early in a new IC). Similar % for Bitcoin & Cryptos. Stocks & Bonds should form the bulk of any portfolio, IMO. I use 60-70% as a rule and it has served me well.
Thanks Surf for your sensible and balanced view of the investment universe.
To that I would add my ‘After-the-Trade’ Rule: Be generous with your profits… to yourself and others.