ZT: You Call This a Buying Opportunity?

You Call This a Buying Opportunity?

ByJames "Rev Shark" DePorre

 

The indices are hovering near the lows of the day with big losses, breadth is better than 4-to-1 negative, the momentum screens are 90% red and the mood is very dark. Of course, this is the perfect setup for Wall Street "experts" to declare a "buying opportunity."

The pros on Wall Street always want us to rush in and buy when things are bad. They are always early to say it is time to buy because they think buying the exact low is more important than anything else. Wall Street never wants you to stay in cash for long because when you have cash you may not need their services.

The key to dealing with ugly action like we have right now is to simply stand aside and let it play out. Forget trying to time the exact moment that we hit bottom. Just stay patient and let it play out. Eventually, good opportunities will develop. You don't need to time the exact lows. You just need to wait until the price action shifts and the mood improves.

Timing is extremely important, but you have to think about it a bit differently than many people do. The key to making money isn't to time exact tops and bottoms. There are thousands of people trying to do that every day and those who do it with precision tend to confuse luck with skill.

The timing that is far more important is the sort that allows you to catch sustained momentum. The secret to making big money is to catch trends that persist for at least a little while. Those trends don't typically occur immediately after a turn. It takes a while for the conditions to develop and emotions to build.

We have downside momentum building right now, and if you respect that fact, there is little reason to worry. Just let it play out and you can be confident that sooner or later the conditions for some upward momentum will develop also. Focus on catching trends and not turns and you will do well.

所有跟帖： 

• This is definitely a Buying Opportunity -猛牛- ♀ (173 bytes) () 09/22/2015 postreply 11:39:52

• Go ahead to buy, and let us know the result later. :) -云起千百度- ♀ (0 bytes) () 09/22/2015 postreply 11:46:42

• 买是肯定的。 -猛牛- ♀ (62 bytes) () 09/22/2015 postreply 12:41:28