Going into Cash

Hi guys and girls.
Ive decided to close all my positions that i have in the markets and closed all my Funds as i suspect we are reaching the top on the markets soon and decided to move to cash postions. Ive done this on SIPP as well.

My reason is mainly down to the markets going beyond expectations and also the fact that we are having a Brexit and i cant see how the ftse is going to keep pushing higher if the dow and S&p starts moving down. Ftse has only done so well due to the American markets pulling all indexes along with it. The Americans
GDP is slowing and corporate profits are dropping so this does not bold too well for the long term, also earnings are way down on previous years.
The fed has basically pumped tons of money into the markets recently so hence why the markets has been going up.

We have been in the longest bull market ever and are well over due a proper correction. I suspect we are coming to the end of the 5th wave in Elliott's ...I must say i have been having trouble with my Elliott counts as its hard to adjust so am a bit lost on that one as the markets just keep on pushing higher and higher and this is all due to FED just pumping money into them....lol...

Things cant keep going up for ever.....so any new trades should be based on short term view in my opinion.

Im mainly going to trade for short term positions in 2020 and will look to scalp.

Good luck everyone in 2020 and hopefully we can stay ahead of the crazy people.
Do your own research please as this is just my thoughts and in this markets with manipulations every where its hard to predict long term now.

remo

I’ve closed all my current longs as all markets are currently looking toppy.
I suspect we are going to go on a major correction soon so have been closing all my long positions to take in the profits.
2020 turned out to be a great year for trading after the markets tanked early on. Now looks similar to the market early on in 2020.
Good luck and will hopefully post a chart latter when I get some free time.
Happy trading.
Remo

Thanks Remo for the heads up.
I will try to reduce my exposure too.
Stay safe
Regards to your family
Ta G

Hi Remo,
Pls keep me/us in mind, if you change your thoughts about the market...
I have a lots of positions, mostly in profit which I have been selling to go on cash... following your heads up.

I would really appreciate , if you can give us an update when you start going long...

happy trading...
ta
G

When i posted about this last week we had a bearish looking chart on the weekly.
now if the dow takes out the high again then that would imply the up move continues.
I have scaled back most of my positions but only have a few. around 20% of positions still long.
But if the dow punches through the high again then i will have to increase my longs again.

I still believe the markets are getting ready for a turn so have banked my main profits. Im cautious on any new longs but will trade them if i see individual shares breaking trends.
I only have currently 2 positions open they are stocks and 1 index trade on the dow which is currently in a loss..
one is moderna inc and the other is Zoom , Moderna is looking bullish and even has a cup and handle look to it even thou its at the high and not the low. The other is zoom which broke out of a 123 low on friday.
obviously these shares are risky for new positions but i have held moderna from the beginning. I may have posted about this last year if i remember correctly. Due to covid ..as this was one of the leading companies at the time with regards to vaccine.


with regards to the dow, if you look at the chart you can see a divergence on the RSI.

HI All,

Just to tell you not to take this post in any wrong sense... I have been really holding back for some days, and I have to let it go... so I had to make this post..

I use this site extensively, especially all the charts and tips from TF. I draw my own charts, and I do my own DD, investigations, and compare with TF charts too, before I do purchase.
I normally don't sell anything because someone has told me to sell... I do sell when I think its right.
Yes, you guessed right, not always bought in low, never managed to sell high, but mostly managed to stay profitable. I do mention my profits and losses, here, and I am thankful to to TF for most my trading. I always look forward for your charts. I am still learning.

I had build a massive position, in the last 6 months, and even though I was not in heavy profit, I wasn't in any loss either...

Now, comes the comment from Remo, that markets could go down, and he's gone cash on most positions.
I cant tell you what happened to me, I started liquidating my positions too. I am not blaming you Remo, but I shouldn't have followed anyone, I normally don't do, but I did this time, only to feel so frustrated about the loss of profits I could have had. when the missed profits are in 10s of thousands of pounds , it really hurts.

Please don't take this as my sulking or pointing fingers at anyone, but my biggest lesson, from all this, is
listen to everyone, but follow my own plan and decision, I will be better off.

I am attaching a small portion of my portfolio, to show how much profit I have missed just in this 4 shares, instead of making around 12K profit, I only got 4.7.

If I don't write it down, I wont be able to get over this as I am totally frozen last few weeks, to do any new trades.

Once again, not pointing any fingers at anyone, and apologies if it sounded rude.

Thanks again to TF et all for all your support, chart and comments.
ta
G
hopefully my mind gets lighter now...