I sold all and put everything in cash, and took a two months break, and S&P500 was at 1517 on Sept.24th, now it's 1469. I didn't miss anything. Something to share for my future investment:
- Focus on the main idea. All my thoughts the last 12 months are correct, but I mistakenly changed from investing in precious metals to short the market, which burned me. I don't have patience to wait and want to make money quickly. Without patience, you can't be an investor or trader.
- The inflation will become stronger in the years to come, so hard assets like gold, silver, corn,wheat and oil are good places to save your hard earned money.
- Dollar will trade lower in years to come, to right the imbalance between US and the world, specially China.
- Chinese market will crash, sooner than most people thought.
- PM shares will be lower when market crashes, but perform relatively better than general market.
- And don't be a trader to short the market, be an investor. If I am a full time trader, then I think I can do it. But I'm not, so be real.
- Now, I'll wait some more. I don't think now is the time to invest, maybe a little PM shares, but other than that, wait for the market to correct some more before I jump in, this time, with long term investments.
- I think playing poker is a better idea for me, it's all skill, gut and luck, there is no cheating and inside information as in the stock market, there is no manipulation and false information to fool public while the investment firms (like the way they sold subprime mortgage) illegally (or legally?) engage dirty activities to make money for themselves.
- So if I want to gamble, I'll try poker. For my money, I'll do investment in the future.
For these who are still in the market and read this blog, best luck to you. I'll share my thought and idea may be once or twice a week, since now I changed to long term investment.
I am sorry I could not make it as a trader, I tried, if I could I would, but I can't!
