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Re: wadegarret post# 42193

Wednesday, 12/06/2017 6:51:30 PM

Wednesday, December 06, 2017 6:51:30 PM

Post# of 113078
Wade

The only reason why you have these incredible gains in 2017, is because there has been no volitility, there has not been a measely 5% pullback in forever even in a bull market this is not normal. That is not to say I'm calling for the market to fall off a cliff, but most markets chasing strength and selling weakness is a great way to get obliterated. Also buying stocks and then not having the answers why you bought them is once again not good. Selling stocks because they are weak on a tuesday at noon is not a good reason to sell a stock. Focus on stocks you missed and complain constantly about stocks you own sometimes I read your posts and I think a stock is in freefall and it is down .10 on the day and it is a $35 stock. This is not healthy it makes you get emotional which leads to both panic selling and panic buying.

Then you don't diversify if CAI was 30% of my portfolio I would be watching it every second but it is 3% of my portfolio and if it goes down for a hour I'm not nervous the lack of diversification yes it enhances your returns and you posted great numbers, but it also makes it harder to control your emotions when you place such big bets, and right now you can't tell me your post or trades lately have indicated that your in complete control of your emotions. Keep in mind this is with you having a great year, what happens if there is more volitility and the market is going up and down do you constantly get scared out on the dips and buy on the rips, because that won't work either I promise you. This momo strategy works great if there is no pullbacks and no volitility, but if it just climbs a bit and lets face it the vix is 11 for crying out loud, your allready losing back profits, and selling and buying stocks like a bipolar trader. This is not to be mean, you can make money in tougher markets, but your current strategy of chasing momo, selling weakness on no news, not enough dd sometimes, not diversifying, getting inpatient, All of this will not end well. I promise you, otherwise your one of the few exceptions that can pull it off, where what I do, I don't have to be great to ensure success I had the 4th worst day of the year today, and not once did I sound like I was having a panic attack and yesterday wasn't good either, although Monday I made and all time high. As always trying to help. All is just my opinion, and I could always be wrong though.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
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