Replies to post #106036 on Savvy Trades and Investments

[wadegarret]

KIK, I just went back and re read the post you reacted to

which I wrote in response to Hweb. This is the post, which I feel was excellent in explaining why I think the market rally is highly irrational. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172362583

KIK, I am writing this post to ask you to explain to me why I should be humble about losing this year, when one, I strongly feel the market we're in is simply a huge and extended bear marker rally, and two, even though I'm getting hit hard this year, I am still overall up huge since I started posting my results starting Jan 2022 ?

I do feel humility is warranted when you are wrong about something, and can look back and see you made a mistake in judgement. Like SMCI, where I wrote a recent post of how I was really wrong in my judgement about selling around $75. However I don't feel that I've made any mistake in my judgement that the 10 month rally we're in is a bear market rally(time of course will tell). In other words, I don't feel losing in a given stock or ETF in and of itself requires one to be humble. It all depends on why the stock or ETF went down, and what ones track record is in general(% gain or loss over time). In other words, the reason a stock goes up or down is in my view, the sole basis on deciding whether one should be humbled for having lost money on it. In the case of my post to Hweb, I feel it was well thought out, and accurate to the T. Now if I look back, and this market doesn't over the next six months or so, retest the Nov 2022 S&P lows around 3500, and keeps rallying, for reasons I was totally wrong about, then I will be humbled. In the meantime, since I still think I'm right that the market will retest the Nov 2022 lows by mid 2024, I am simply frustrated in watching a market so highly manipulated on a daily basis.