Will there be red market days ahead, for sure there will. That said, your brush is extremely broad and I am not a subscriber to broad brushes. Also, the market uptrend is still intact.
1. There are always stocks that run counter trend. If I am aware of one or more I will trade them.
2. I only hold TVIX for intraday scalps and during an up trend. Period. Ain't gonna change that.
3. Fundamentally, I believe in diversification and will never have all my eggs in one basket.
4. Why wait at a loss for the next run when there is opportunity to sell and buy lower without incurring loss?
5. Why should I just buy now and hold when it is possible markets could still test toward highs again before a bigger drop?
6. Whether you take a 3, 6, or 9year weekly the market uptrend is still intact with the 50, 100, and 200 ma's positively and comfortable stacked.
As advice, I will not be following your directive to ignore stocks and just blindly hold TVIX and/or other etf's for a pot of rainbow gold. Anything can happen and usually does. That said, I will be adding gold pieces to my own local pot and continue to watch it grow under my own supervision. No matter what direction is trend, there is always a trade. I will also choose my own entries and exits without rah, rah assistance from anyone else.
All just IMO only and one system of trading. Not disparaging yours, but noting why it is not for me and why I will pass by future declarations of a similar nature. I am not a believer in one size fits all or wearing other peoples suits.
Green Trades to you and all Traders.
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