Going into Cash

I feel your pain. I have just sat on my hands so also missing out and had planned to buy into IAG at 130. However, markets can turn on you quickly and a banked profit is still a profit - The market was at an inflection point so better to be safe and live to fight another day. One thing is for sure the market will always give you another chance P.S - Sods law also states had you stayed in then the market would have dropped

Yes Paitech it really is frustrating. I too had a position in EZY but got stopped out and then it then increased by 30%! Almost feels that the big players are manipulating individual investors like us! Thats life I guess. As Syrian Empire mentioned, happy that you banked a profit as I only have a loss to show from the early sell.

I imagine we've all been burnt by following tips of others - the problem is that we generally only remember the ones which went badly, it's easy to forget all the times someone may has made or saved us a fortune. Hindsight tends to dwell on the negative.

It's one of the things with trading, several members of my family lost money on GKP due to my conviction it would do great things, I even convinced them they shouldn't sell when they were 100% up and wanted to cash in - it still haunts me. I think anyone that's been trading a while will have been burnt and burnt others but try to remember tips/views are always given with best intentions....well unless you visit some of the wild west boards that are full of people with sinister intentions!

I’m back into cash again.
Obviously do your own research.
There seems to be a perfect storm brewing with markets. High inflation means more interest rate rises coming.
Russia and china issues with regards to war footing..
Nasdaq already gone past a 10% drop which means correction .
Charts on Dow starting to produce lower lows.
So for me its time to sideline for a little bit ….as I suspect a bear market will soon be taking hold which is a good thing as things are just to over valued. Bear markets last around 3 - 9 months so bear that in mind. Depends on the speed.
Like I said …do your own research.
There still will be gems to trade out there but for my funds its a side lines job.
Have fun
Remo

Hey Remo, I hope you and yours are keeping safe and well.
Heaven help us all, all of the points you raised, plus add in the ominous signals for the Chinese property market which may well turn out to be the Bubble to end all bubbles, a lot to worry about.
Keep your loved ones close and the rest will work itself out.

GL ALL

Just to clarify,
I’m sidelined on funds .
I’m still day trading , but will only go long on shares that have corrected loads from there highs and looking like a reversal signs.
So basically day trading is fine as that does not get impacted as you can trade both ways.
If you are a long termer then you may want to add to positions if they are hammered so as you can bring the average down, but only at key support levels or clear reversal and in companies you know really well.
Just be careful out there as bear markets have a habit of fooling people into a false hope . The markets have corrected loads in a short time so quick rallies will happen. The first signs to look for are 123 low formations.
If companies have corrected loads …ie…over 30% then you can look to place position in them if you see a 123 low formation and place stops below the 2 point. So small risk. But be ready to close them if they break the 2 point as that will signal lower prices again.
Hope that make sense.
Remo…DYOR