The current economy and market condition, in my opinion, are once
per tens of years. I suspect more and more often we would say, "this
time is indeed different!" ... "oversold can be even more oversold.".
It is tough to stay at either bulls side or bears side. What is
ultimately important is risk control. My ideas are: - Never to be fully loaded, not even to mention margin.
- Trust in the bear market. No wishful thinking.
- If there is no long puts or ultrashort ETFs as a hedge, a tight stop must be in place; ...
- ...otherwise hold cash.
Every rally is SHORTABLE, DO NOT believe in a uptrend ... it might be faked. BE PATIENT.
我有违反自己定下的纪律了。亏死也活该啊。
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