Originally Posted by lewdog:
Timing a crash or even a correction is impossible. People have been saying what you’re saying for 3+ years now.
I think 2021 continues to bull with vaccine rollout, economic recovery and people ready to start spending money.
I think it’s easier to follow the current positive trend but follow positions with stop losses to preserve capital in a downturn.
1. I get trying to time a crash. Not very likely. Just nearly all my signals are flashing red. Only positive is low margin levels and debt.
2. Stop losses are worthless if a stock opens down $40 and you had a stop loss only down $10.
3. Stocks are leading indicators usually 6 months out. This market is squeezing every bit of future good news out in today's prices.
Don't wanna rain on anyone's parade but I called 1987 (2) months before the crash when I liquidated all my assets and saw the last one coming when people who earned $30,000 were getting approved for $500,000 mortgages with 5% down.
Just get a little defensive and don't lean too far over your ski tips. :-) [Reply]
Good news. I found 6.5 eth I forgot I had, so there is that. Now if I can figure out how to get some of the lost bitcoin off of Yobit. When I was new to crypto I had some on there to dick around with, and backed up by google authenticator. That phone went poof and now I have no idea how to access it. It's only like 0.2 btc but still annoying. [Reply]
Originally Posted by BWillie:
Good news. I found 6.5 eth I forgot I had, so there is that. Now if I can figure out how to get some of the lost bitcoin off of Yobit. When I was new to crypto I had some on there to dick around with, and backed up by google authenticator. That phone went poof and now I have no idea how to access it. It's only like 0.2 btc but still annoying.
Yeah, I've got some litecoin but can't access my coinbase account because I changed my email address 2 years ago. [Reply]
