RE: Future market trend29 Feb 2020 09:03
Pete, my simple observation is that you trade to often mate, you should maybe invest instead, decide if you are a trader or investor, maybe look at a few managed funds to remove the worry. Markets go up and down as we all know and short term it is often possible to 'fall lucky' and land on a decent riser at the right time then get out again - thats what traders do. LT Investors know that there will be peaks and troughs and so ride the ripples. Im a ripple rider, hence the name on here, we are all different though with differing styles, you need to find yours mate. True Investing IMHO is a longer term game not a quick gamble, mr Buffetts done ok i recon and i kindof follow that route.
As for current situation, nobody on earth can predict something like this virus and the media driven hysteria thats going on, anyone who suggests they can are dreamers, lucky dreamers if they bought at the right spot but aim is full of stories of people losing the lot, tempered with the very rare winner along the way. The aim market is a bit of a cesspit in truth, a view widely accepted.
A quick peak back on the ncyt chart from a few days ago will clearly show Breathes average was higher than the market price at some points, didnt mention that tho. Its a traders share and bounces around a lot, if happy to trade and you want to 'risk' your capital 100% then maybe do so, rewards can be big but so can losses, aim is full of those. Glen etc maybe down, but will likely still be here next week, many on the smaller markets are not.