UADM wrote:This year made things clear and easy. We broke to new all time highs. So, we rebounded from absurd lows and now broke new records. And why? Look around. Do things look rosy in the economic and worldly environment?
The U.S. stock market has been breaking all time highs since 2013.
2013 and 2014 had possible government shut-downs, Greece crisis, EU problems, etc, etc., etc.
Google 2013 and financial crisis. Google 2014 and financial crisis. Google 2015 and financial crisis (and look for dates BEFORE last month).
But last month was when you decided to go to 100% cash? Because just last month was when it became clear and easy?
100% cash may be a big deal to you, but it is a very common state for me. I am usually between 25-50% in. For a day or two, on occasion, I will go all in, and then quickly go out again. I rarely stay in anything for more than a few weeks.
Ah, so you're in 100% cash lots of times...
There's a huge difference between these two statements:
"Oh I saw this coming and went 100% cash last month. It was clear and easy to see a correction was coming".
"Oh, I'm in 100% cash 15 times a year. Looks like I was right to get out last month and might be able to take advantage now."
I wouldn't have as much of a problem with the second statement.
I'd glad you and your dad and really good at trading... I think (and you know) there's a lot more to trading successfully than getting out when "We've hit new highs, and there are bad things happening in parts of the world", and it's dangerous to make people think that it is "clear and easy" to predict a correction.