20/20 hindsight is wonderful. I'm talking about doing the 'safe' index play of QQQ, not magically predicting winners. That 'safe' play was anything but safe for more than a decade.
What you're talking about though is perfect market timing, just in a negative way.
I have a massive buy order for FTEC at the convergence of the 200 DMA and the intermediate support at $122.
It's pretty awesome to start the year this way. Make a buy and do nothing the rest of the year and outperform the nasdaq by 10% in one trade.
All i was trying to put out is you are focusing on a once or twice a century event (maybe a couple times more). Just focus on the averages over your investing window.
This is why I have been trimming off my swing trades the last month and pocketing the 15-20% profits to through into my core holdings.
Making my prediction now that we eventually fall to about 3100 - 3200 on the S&P, and it recovers to my 4150 mark made in the Stonks contest by the end of the year. Makes it a -13.5% year.
Missed my order by 6 cents. I jumped up with 30 seconds left but couldnt get a fill.
I had a lower order in my other account to use up some of the spare cash that missed
but I didnt nickle and dime it on my retirement account. I waited till SPY started dumping than bought some right before market close. Thanks again btw to you, Blazin, Jysin and all the others who try to help make us rich!
Sanrith Descartes
You talk about FTEC a fair amount. Maybe this is a dumb question, but what specifically do you like about this index? Is it anything beyond its holdings and the percentage of each holding within the index? For all I know, those two points may be all you look at. But if there is more beyond that, I’d love to hear about it.