All special strategies and special formula in trading are useless nowadays. Please throw them out of the window. We are living/trading at the mercy of the American. There is no way to escape meltdown if DOW comes down hard.
Small loss? if DOW drops 600 over points overnight, do you think our loss will be small if immediately we let go when mkt opens. Also how to let profits run....how do we know the mkt will turn sour the next moment after a rally.
I think the best strategy is to stay out of the mkt for a while. We all know to buy at the bottom will greatly improve our profit margin in trading investment. But how do we know the bottom has arrived? Some use the dividend yield to gauge the bottom. When yield goes to 6% and more, the bottom is near. Well, there are counters that are 6% yield but after the meltdown, it went up to 12%. So what is bottom? I dun have answer for you, I am seeking it myself.
Idesa168... :)
Since you are experiencing it first hand, will appreciate fully that a loss is a loss and not only a 'paper loss'. Thus there is no such thing as a 'paper loss'.
And to treat a bad investment as a 'long term' investment is only an academic thought at best... holding a real loss is no joking matter... it is rather depressing...
But since I am a nimble trader, I do not have such an experience .
I take fat chunks of profit and dump the small losses.
What was cheap today will be cheaper tomorrow. How to get into the mkt and invest long term. I had been hit quite a few times now, getting into the mkt and seeing my investment drop many notches down the next day. Exited and see the counter slide further...sigh!!!!
Dow now down -225pts...
Signs of a recession.
Both the 41.9 business activity reading and the 44.6 summary number represent the second lowest growth figures on record, trailing only the October 2001 reading after the Sept. 11 attacks
DOW TANKS
One bad news after another....how much can the market stomach....



Yup... there's going to be more thud! falls in the coming weeks...
CLEAREST SIGN USA GOING INTO RECESSION
- TONIGHT REPORT ON MANUFACTURING
DOW NOW -207 PTS
let bet DOW negative how much.
I tink at least -250 judging now. Mati tml again
DOW down 175 +
IMPT reason : a report on non manufacturing activity pointed to a recession.
IF DOW END BIG IN RED, THEN WE HAVE SOME LOUSY CNY RALLY
Dow futures at -137.
Later will be bloody when Dow opens in 10 mins
and closed at -108.03 (12,635.16)...
wah.. open negative
Dow futures are slightly negative.
lots of TA personnels are locking our eyes on the 12800 hoping it will break out of tt line and close up...CNY will definitely be better with this sign~
unless DOW can break 12800 effortlessly and substainably move towards 13400pts, otherwise I think it will continue the downtrend mirroring the economy situation.
He has a strange way of running his Fibonacci retracement lines.... :))
From last few crashes I have been, they always struggle up again when rates are cut
Towards the last rate cut, then they crash out
It is then time to buy