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TOPIC: Going into Cash

Going into Cash 07 Mar 2022 08:58 #1

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All European markets have confirmed it already. Media have not said it yet as they are always late.US will follow shortly as hard to avoid
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Last Edit: 07 Mar 2022 08:59 by remo.
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Going into Cash 04 Mar 2022 11:09 #2

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Remo,

Thanks for your message.

When is the bear market confirmed, when we have had 5 waves down on the daily? Or a drop of 20%.
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Going into Cash 04 Mar 2022 09:08 #3

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Yep , I’m big into electric cars.
But I wont be buying any more shares currently as things look real bad out there and things could get really ugly soon.
Bear market has not been confirmed yet its just my thinking so there is a lot further to drop in that Sense.
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Going into Cash 04 Mar 2022 08:56 #4

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Wow, that's some list. :cheer:

I'll have a look into some of the names I don't know.

Some I'm already looking at, Wizz is a good one. ;)

A lot seem to be electric car related. You must be expecting a surge in the prices. :whistle:
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Going into Cash 03 Mar 2022 22:43 #5

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Apple, Blink Charging, BP,,Carnival, Fisker, Ford Motor Company, Lloyd bank, Microsoft, Moderna,National Grid,Netflick, Nvidia,Power house energy,Quantum scape, Rivian,Solid power, Wizz air, BT ,Borgwarner,Blucora,smith and nephew
Just a few
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Last Edit: 03 Mar 2022 22:43 by remo.
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Going into Cash 02 Mar 2022 09:00 #6

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Perhaps we should put a list of favourite shares?

Last time I did this, I ended up moving house, then didn't have any funds, still doing up the house. :woohoo:

Was looking at: Shell at £9, BHP at £10, Pru at £8, Easyjet £5 etc.

I've had a go at Elliots.
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Going into Cash 01 Mar 2022 15:26 #7

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I suspect its the first wave .
Bear markets last from around 3-9 months. And its still early.
Loads of shares have corrected over 50% already so depends on what your looking at as well.
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Going into Cash 28 Feb 2022 12:01 #8

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It's been a long time. :whistle:

I've been reading Trendfriend, he's always good. :P

I'm watching the shares again, they appear to be holding up well, considering everything going on.

Are we still expecting a wave of selling? Elliots is confusing, :silly:

@Remo, is this an ABC move down, or wave 3, of the first wave, of the bear market?
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Going into Cash 01 Feb 2022 10:56 #9

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Just to clarify,
I’m sidelined on funds .
I’m still day trading , but will only go long on shares that have corrected loads from there highs and looking like a reversal signs.
So basically day trading is fine as that does not get impacted as you can trade both ways.
If you are a long termer then you may want to add to positions if they are hammered so as you can bring the average down, but only at key support levels or clear reversal and in companies you know really well.
Just be careful out there as bear markets have a habit of fooling people into a false hope . The markets have corrected loads in a short time so quick rallies will happen. The first signs to look for are 123 low formations.
If companies have corrected loads …ie…over 30% then you can look to place position in them if you see a 123 low formation and place stops below the 2 point. So small risk. But be ready to close them if they break the 2 point as that will signal lower prices again.
Hope that make sense.
Remo…DYOR
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Going into Cash 21 Jan 2022 14:56 #10

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Hey Remo, I hope you and yours are keeping safe and well.
Heaven help us all, all of the points you raised, plus add in the ominous signals for the Chinese property market which may well turn out to be the Bubble to end all bubbles, a lot to worry about.
Keep your loved ones close and the rest will work itself out.

GL ALL
Last Edit: 21 Jan 2022 15:03 by AdeMcG.
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Going into Cash 21 Jan 2022 09:06 #11

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I’m back into cash again.
Obviously do your own research.
There seems to be a perfect storm brewing with markets. High inflation means more interest rate rises coming.
Russia and china issues with regards to war footing..
Nasdaq already gone past a 10% drop which means correction .
Charts on Dow starting to produce lower lows.
So for me its time to sideline for a little bit ….as I suspect a bear market will soon be taking hold which is a good thing as things are just to over valued. Bear markets last around 3 - 9 months so bear that in mind. Depends on the speed.
Like I said …do your own research.
There still will be gems to trade out there but for my funds its a side lines job.
Have fun
Remo
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Going into Cash 05 Mar 2021 10:29 #12

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I imagine we've all been burnt by following tips of others - the problem is that we generally only remember the ones which went badly, it's easy to forget all the times someone may has made or saved us a fortune. Hindsight tends to dwell on the negative.

It's one of the things with trading, several members of my family lost money on GKP due to my conviction it would do great things, I even convinced them they shouldn't sell when they were 100% up and wanted to cash in :dry: - it still haunts me. I think anyone that's been trading a while will have been burnt and burnt others but try to remember tips/views are always given with best intentions....well unless you visit some of the wild west boards that are full of people with sinister intentions!
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Going into Cash - Follow your own instincts 03 Mar 2021 14:23 #13

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Yes Paitech it really is frustrating. I too had a position in EZY but got stopped out and then it then increased by 30%! Almost feels that the big players are manipulating individual investors like us! Thats life I guess. As Syrian Empire mentioned, happy that you banked a profit as I only have a loss to show from the early sell.
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Going into Cash - Follow your own instincts 03 Mar 2021 10:11 #14

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I feel your pain. I have just sat on my hands so also missing out and had planned to buy into IAG at 130. However, markets can turn on you quickly and a banked profit is still a profit - The market was at an inflection point so better to be safe and live to fight another day. One thing is for sure the market will always give you another chance ;) P.S - Sods law also states had you stayed in then the market would have dropped :sick:
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Going into Cash - Follow your own instincts 03 Mar 2021 00:44 #15

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HI All,

Just to tell you not to take this post in any wrong sense... I have been really holding back for some days, and I have to let it go... so I had to make this post..

I use this site extensively, especially all the charts and tips from TF. I draw my own charts, and I do my own DD, investigations, and compare with TF charts too, before I do purchase.
I normally don't sell anything because someone has told me to sell... I do sell when I think its right.
Yes, you guessed right, not always bought in low, never managed to sell high, but mostly managed to stay profitable. I do mention my profits and losses, here, and I am thankful to to TF for most my trading. I always look forward for your charts. I am still learning.

I had build a massive position, in the last 6 months, and even though I was not in heavy profit, I wasn't in any loss either...

Now, comes the comment from Remo, that markets could go down, and he's gone cash on most positions.
I cant tell you what happened to me, I started liquidating my positions too. I am not blaming you Remo, but I shouldn't have followed anyone, I normally don't do, but I did this time, only to feel so frustrated about the loss of profits I could have had. when the missed profits are in 10s of thousands of pounds , it really hurts.

Please don't take this as my sulking or pointing fingers at anyone, but my biggest lesson, from all this, is
listen to everyone, but follow my own plan and decision, I will be better off.

I am attaching a small portion of my portfolio, to show how much profit I have missed just in this 4 shares, instead of making around 12K profit, I only got 4.7.

If I don't write it down, I wont be able to get over this as I am totally frozen last few weeks, to do any new trades.

Once again, not pointing any fingers at anyone, and apologies if it sounded rude.

Thanks again to TF et all for all your support, chart and comments.
ta
G
hopefully my mind gets lighter now...
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Going into Cash 06 Feb 2021 19:20 #16

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When i posted about this last week we had a bearish looking chart on the weekly.
now if the dow takes out the high again then that would imply the up move continues.
I have scaled back most of my positions but only have a few. around 20% of positions still long.
But if the dow punches through the high again then i will have to increase my longs again.

I still believe the markets are getting ready for a turn so have banked my main profits. Im cautious on any new longs but will trade them if i see individual shares breaking trends.
I only have currently 2 positions open they are stocks and 1 index trade on the dow which is currently in a loss..
one is moderna inc and the other is Zoom , Moderna is looking bullish and even has a cup and handle look to it even thou its at the high and not the low. The other is zoom which broke out of a 123 low on friday.
obviously these shares are risky for new positions but i have held moderna from the beginning. I may have posted about this last year if i remember correctly. Due to covid ..as this was one of the leading companies at the time with regards to vaccine.


with regards to the dow, if you look at the chart you can see a divergence on the RSI.

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Going into Cash 06 Feb 2021 10:13 #17

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Hi Remo,
Pls keep me/us in mind, if you change your thoughts about the market...
I have a lots of positions, mostly in profit which I have been selling to go on cash... following your heads up.

I would really appreciate , if you can give us an update when you start going long...

happy trading...
ta
G
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Going into Cash 02 Feb 2021 12:02 #18

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Thanks Remo for the heads up.
I will try to reduce my exposure too.
Stay safe
Regards to your family
Ta G
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Going into Cash 01 Feb 2021 15:44 #19

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I’ve closed all my current longs as all markets are currently looking toppy.
I suspect we are going to go on a major correction soon so have been closing all my long positions to take in the profits.
2020 turned out to be a great year for trading after the markets tanked early on. Now looks similar to the market early on in 2020.
Good luck and will hopefully post a chart latter when I get some free time.
Happy trading.
Remo
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Going into Cash 24 Dec 2019 13:04 #20

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Hi guys and girls.
Ive decided to close all my positions that i have in the markets and closed all my Funds as i suspect we are reaching the top on the markets soon and decided to move to cash postions. Ive done this on SIPP as well.

My reason is mainly down to the markets going beyond expectations and also the fact that we are having a Brexit and i cant see how the ftse is going to keep pushing higher if the dow and S&p starts moving down. Ftse has only done so well due to the American markets pulling all indexes along with it. The Americans
GDP is slowing and corporate profits are dropping so this does not bold too well for the long term, also earnings are way down on previous years.
The fed has basically pumped tons of money into the markets recently so hence why the markets has been going up.

We have been in the longest bull market ever and are well over due a proper correction. I suspect we are coming to the end of the 5th wave in Elliott's ...I must say i have been having trouble with my Elliott counts as its hard to adjust so am a bit lost on that one as the markets just keep on pushing higher and higher and this is all due to FED just pumping money into them....lol...

Things cant keep going up for ever.....so any new trades should be based on short term view in my opinion.

Im mainly going to trade for short term positions in 2020 and will look to scalp.

Good luck everyone in 2020 and hopefully we can stay ahead of the crazy people.
Do your own research please as this is just my thoughts and in this markets with manipulations every where its hard to predict long term now.

remo
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