MarketVVizard's Market Thoughts: Re: Re: Re: Talkers Talk Doers Do -- Re: NVLS Closing on $44...

» MarketVVizard - Re: Re: Re: Talkers Talk Doers Do -- Re: NVLS Closing on $44...

In response to message posted by Kirk:

The other thing I still can't figure out is why Jas thinks he is NOT a market timer? He is a self proclaimed options expert for crying out loud, there are no options trades (even with leaps) that are NOT market timing trades. But even worse, he has talked about "numerous trading opportunities" as the price of his underlying stock fluctuates! I'm still waiting for his definition of market timing and how these numerous trading opportunities fit into it... I won't hold my breath. I think there may very well be a job for him at Putnam (masters of retrospective trading!)

In all seriousness though, I prefer to short when my own sentiment indicators show extreme bullishness. The price does not matter to me. If the stock is falling but put/call is rising and the bears are dancing in the street I generally don't like to open a new short position. Sometimes this actually preserves my wealth. But sure, I could also be out of the market when the next big crash occurs (instead of being short for example). So far for me anyway, market timing has made me a fortune, and I have no plans to change my style. But that doesn't mean my style fits anyone else's personality or ability. If you are more comfortable doing something else, and it makes you money, by all means, go for it. I tell people all the time that if they have tried something and failed, they need to take another approach. Most people will do better giving their money to a professional manager with a proven track record than doing it themselves.

-- posted by MarketVVizard