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Is this just the usual September gloom followed by a nice rally into year end (it is a pre-election year afterall which is typically a great year for stocks).
Me too. I am almost "bought out" though. I made a good/lucky choice last week and I am happy with it as a long-term investment. And I have some cash that I have earmarked for individual stocks (I think of it as my investing "fun money" that if I lose, I won't lose sleep over). So it's not a lot. But I don't know what to buy just yet (if anything).
LOL the term "black" referring to "big" down days is being overused here and in the media. Again, "Black Monday" was over a 20% drop in one day. This down action and volatility is peanuts compared to that day. When it gets above 15% for one day then we can use the term in context.
I want another 2008 and 2009 year. I made lot of mistakes five years ago. I never bought any stocks. I am hoping to make that up and buy stocks when the stock market goes down over 1000 points. :-)
Determine the amount of profit you can live with and trade to lock in gains.
Keep some cash on hand to be able to take advantage of buying opportunities.
Lather, rinse, repeat
At least, that's the way I learned the fundamentals.
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