IMPORTANT HEALTH WARNING This Blog revisit’s a very traumatic period in the Markets. If you are of a Nervous Disposition or if you suffer from any Health Maladies it might be best not to read it or at least to be sitting down and away from Sharp Objects. Alcohol may help in this case, but WheelieDealer makes no suggestions that Readers should use Booze on a regular basis (this goes for Crack Cocaine also).
Specific Lessons I need to Learn:
Well, hopefully my 2 Blogs have given you a flavour of the pain I endured on the Monday of the ‘Great Fall of China’ and some of the Lessons that were thrown up by it. It certainly felt like a Historic Day and I suspect it was a classic Capitulation. At the moment I am very inactive with regards to Trading and I cannot see myself doing much until we get to maybe late October. Until then I am closely watching my Charts for any signs of a Serious Selloff and I am prepared to whack on some FTSE100 Shorts again if I need to. I am very much WheelieBull at the moment, but if need be I can quickly morph into WheelieBear - but I only like wearing this costume for around 6 months maybe as it gets rather warm with all that fur. I hope everyone managed to get through this particular ‘Black Monday’ ok and that people have thought about their Strategies for the coming Months. Good Luck all, wd.
6 Comments
Catflap
11/9/2015 06:07:52 pm
Its a good read wheelie and makes lots of sense.
Reply
WheelieDealer
11/9/2015 10:51:30 pm
Hi Catflap, Thanks for your feedback and thoughts. Looks like we have similar views on CNBC - I find it entertaining at times but flipping dangerous to watch most of the time. Funny how BBC reporting on Market Crashes is usually a cracking Buy Signal !!
Reply
nick tudor
12/9/2015 02:58:14 am
Another great blog WD, worthy of a long ponder....
Reply
WheelieDealer
21/9/2015 11:57:32 pm
Hi Nick, thanks hugely for your comments - much appreciated. Readers love seeing views from experienced Investors like yourself and it really adds to the sharing of knowledge. Your high level concept of being generally an optimist (doesn't seem much point in buying Stocks if you are overall Pessimistic) but having a skeptical & cautious nature is very useful. As I have mentioned various times, I think that avoiding disasters and High Risk situations is the best way to consistently make dosh. I had noticed from your Tweets that you seem to hedge in a similar way to me - although I bet your timing is better than mine !! Thanks again for the thoughts and good suggestions for how to start hedging slowly, wd
Reply
Attraction Investor
12/9/2015 08:01:03 am
Thanks WD. A great blog.
Reply
WheelieDealer
22/9/2015 12:08:51 am
Hi John, thank you hugely for your kind comments. Seems like much of your feelings on Monday/Tuesday 24th were similar to mine - it was a pretty crazy period. You have given everyone who reads this Blog a great insight into exactly how emotions can affect what you do in the Markets - your few sentences sum it up a treat - thanks.
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