Post
Topic
Board Speculation
Re: I just bought and why it's bad for you
by
wachtwoord
on 27/09/2014, 21:21:40 UTC
I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

You are trying to catch a falling knife. Look at the one-day chart. See if you can't get out at a face saving price on volatility. Don't ruin your life.

I try to catch falling knifes in most investments I make. It means the security is relatively cheap at least (of course I investigate whether it's truly undervalued). Of course it can fall further. It always can, but the odds are in your favor.