Quote from: Kazu on April 18, 2013, 07:55:45 PM

Quote from: gmiwenht on April 18, 2013, 07:47:30 PM

I used to be a huge bull up until the crash.

i.e:

It made sense to buy when cost $200, but now that its <$100, its obviously overpriced.

No. i.e. the market changed fundamentally following the events of Apr 10. We are not in a bull market any more. And just like when we were in a bull market, any dips were temporary and quickly rebounded (e.g. Valentine's Day), in the same way when we are in a bear market any rallies are temporary and bound to collapse. You can still make money ("bulls make money, bears make money ...") but you need to be able to read the situation and adapt to changes as they occur, and failure to do so due to stubbornness will fuck you up ("... and pigs get slaughtered").

In other words, there is nothing wrong with being a bull or being a bear. But it's not some tribal affiliation that you need to keep for life. Truly successful investors know when to change their mind and switch between the two.