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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Patiently stay in cash until the market crashes.

Patiently stay in cash until the market crashes.

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Asoka Samarakone


Expert
Expert
Patiently stay in cash until the market crashes.

Patience is critical during a market correction. Stock prices do not go up in a straight line during a bull run; they move three steps up and two steps down. You must have the patience to hold through a correction.

When market is euphoric, you may be tempted to buy stocks since making money would be easy. However, you have to remain rational and not buy any stocks in such market condition. In fact, you must look for signals to sell. Patiently stay in cash until the market crashes.

There are some who are still holding on to their losses, Letting a small loss turn into a huge loss is generally, what breaks traders and their accounts.   You must learn to take action to remove the weeds in your portfolio. You have to be the servant of the market, to get paid when she decides to. You cannot expect to jump into the market anytime and reap gains out of it.
Some traders make a little money in the short term but lose big money in the long term. Some traders lose a little money in the short term but make big money in the long term.

Baron Rothschild is said to have advised that the best time to buy is when there is "blood in the streets", i.e., when the markets have fallen drastically and investor sentiment is extremely negative.

Asoka Samarakone

mark

mark
Expert
Expert
There is a HR fuc* around the corner doing by UN dogs, so better be careful no. Im tooo much in fear due to what i hear in media Sad

btw this march would have been a finest month with big bull if that HR fuk is not there.

ayyo salli.......

wappula

wappula
Manager - Equity Analytics
Manager - Equity Analytics
@Asoka Samarakone wrote:Patiently stay in cash until the market crashes.

Patience is critical during a market correction. Stock prices do not go up in a straight line during a bull run; they move three steps up and two steps down. You must have the patience to hold through a correction.

When market is euphoric, you may be tempted to buy stocks since making money would be easy. However, you have to remain rational and not buy any stocks in such market condition. In fact, you must look for signals to sell. Patiently stay in cash until the market crashes.

There are some who are still holding on to their losses, Letting a small loss turn into a huge loss is generally, what breaks traders and their accounts.   You must learn to take action to remove the weeds in your portfolio. You have to be the servant of the market, to get paid when she decides to. You cannot expect to jump into the market anytime and reap gains out of it.
Some traders make a little money in the short term but lose big money in the long term. Some traders lose a little money in the short term but make big money in the long term.

Baron Rothschild is said to have advised that the best time to buy is when there is "blood in the streets", i.e., when the markets have fallen drastically and investor sentiment is extremely negative.

Asoka Samarakone

thank you mr, Asoka Samarakone every time you are address my mine

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi Asoka

Thanx for your kind advice. This kind of advices were needed for us in September 2011. I used to sell shares at profit then immediately I was picking another. Now I understand that should I kept myself in cash position until 2013 I would have grown my portfolio.

A nice metaphor comes to my mind

Leeches walk and horses gallop

Leeches never leave ground and horses may keep all its legs on air. similarly i used to follow leech earlier. when ever i sell one share next i wanted to pick something that will give me another gain.. without keeping cash.

Now the situation is horses are many times faster than leech

prasadrmb

prasadrmb
Manager - Equity Analytics
Manager - Equity Analytics
@yellow knife wrote:Hi Asoka

Thanx for your kind advice. This kind of advices were needed for us in September 2011. I used to sell shares at profit then immediately I was picking another. Now I understand that should I kept myself in cash position until 2013 I would have grown my portfolio.

A nice metaphor comes to my mind

Leeches walk and horses gallop

Leeches never leave ground and horses may keep all its legs on air. similarly i used to follow leech earlier. when ever i sell one share next i wanted to pick something that will give me another gain.. without keeping cash.

Now the situation is horses are many times faster than leech

Valuable thoughts

Backstage

Backstage
Moderator
Moderator
@yellow knife wrote:Hi Asoka

Thanx for your kind advice. This kind of advices were needed for us in September 2011. I used to sell shares at profit then immediately I was picking another. Now I understand that should I kept myself in cash position until 2013 I would have grown my portfolio.

A nice metaphor comes to my mind

Leeches walk and horses gallop

Leeches never leave ground and horses may keep all its legs on air. similarly i used to follow leech earlier. when ever i sell one share next i wanted to pick something that will give me another gain.. without keeping cash.

Now the situation is horses are many times faster than leech


Nice one.

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
@Asoka Samarakone wrote:Patiently stay in cash until the market crashes.
the market crashes.
..........................
................................................................

Good advice.
However, in the above write -up there are references to certain market conditions.....market crashes, market correction, bull run, euphoric, etc,

Would be grateful, if you could clarify - applicability of these terms to the present market status.

cruiserdude


Senior Equity Analytic
Senior Equity Analytic
thank you for the valuable advice. It's a big mind game afterall.

K.Haputantri

K.Haputantri
Co-Admin
Asoka, welcome back to the forum after a long time. We missed all your contributions for some time.

By the way, your advice is good if market is really bound to crash but how sure are you on such a drastic forcast. I thought its a normal correction. ?Is your forcast based on some serious TA, instinct or some thing else.

pathfinder

pathfinder
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Asoka-welcome,after long time.Good advice,you are not alone  Very Happy 
@Yellow knife-Nice words

@Hapu-If the drama continues,56** is possible  Shocked 

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Patience

The problem with buying low is the ability to hold the stocks for a period of time. This can mean a few years without seeing any profits. You would have to wait until more people are interested in these shares and push up the prices. Do you have the patience to buy low and early? If not, selling the stocks prematurely would jeopardize your profits. Patience is also critical during a market correction. We know that even stock prices do not go up in a straight line during a bull run, they move 3 steps up and 2 steps down. You must also have the patience to hold through a correction. And when market is euphoric, you may be tempted to buy stocks since making money would be easy. But you have to remain rational and not buy any stocks in such market condition. In fact, you must look for signals to sell. Patiently stay in cash till the market crashes. As you can see, patience allows you to remain rational and do opposite to what most irrational investors do


http://www.bigfatpurse.com/2011/02/lessons-learnt-as-an-investor-so-far-part-1/

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I dont challenge your view. but to me it's a time to collect few by few.. as small and few others highlighted collect portions in down words. we don't know when market is up and down. I saw many opportunities during 2011-2013. If some one stayed out that period of course he could be saved by certain things, but also lost few opportunists as well. I really miss SLS in this thread. he should be in forum and always point out valid inputs.

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Again, i don't see any reasonable fact to push down market to 56**. this will be JKH to 190 levels. I agree we have a challenge with Geneva - Human rights case with USA-Indian (b-a-s-t-d) join effort. there may be some sort of negative impacts, but the market again over reacted it seems. 2014, we had all the positive factors and we are heading a temporary downturn. I may be wrong. but this is my view.

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
@malanp wrote:Patience
http://www.bigfatpurse.com/2011/02/lessons-learnt-as-an-investor-so-far-part-1/

Thanks mate , for ...................the link.

K.Haputantri

K.Haputantri
Co-Admin
Pathfinder- Thanks for your comment but not convinced without facts.
Malnap- Thanks for the link. Its very usefull.

pathfinder

pathfinder
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@K.Haputantri wrote:Pathfinder- Thanks for your comment but not convinced without facts.
Malnap- Thanks for the link. Its very usefull.

ASI has crossed 200 day MA above downwards,it`s consider as a bearish signal.

As shown in the chart,38.2% correction is 5835,in worse case it may touch 5623 it`s 50% we saw this in last March and Sep  Embarassed 

Patiently stay in cash until the market crashes. Asi10

econ

econ
Global Moderator

Actually These techs are useless in CSE. When we saw 50 day ma crossed in upward trend in january we thought bull has started. but bull only existed for only one month time.. Mad 

I realized this downtrend in early this month unfortunately I could not exit as i mentioned in Feb 10th post.

Post by econ on Mon Feb 10, 2014 9:28 pm
I think foreigners are selling for some reasons.  I wish I could exit the market early last week. but unfortunately I am having massive unrealized losses due to share holding since 2011. I was expected this bull run go at least 6500 and exit with marginal capital losses.. now it seems that that never gonna happened and need to hold my portfolio for long term again..

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
What will happen if NEST or CTC go to hell.

K.Haputantri

K.Haputantri
Co-Admin
@pathfinder wrote:
@K.Haputantri wrote:Pathfinder- Thanks for your comment but not convinced without facts.
Malnap- Thanks for the link. Its very usefull.

ASI has crossed 200 day MA above downwards,it`s consider as a bearish signal.

As shown in the chart,38.2% correction is 5835,in worse case it may touch 5623 it`s 50% we saw this in last March and Sep  Embarassed 

Patiently stay in cash until the market crashes. Asi10
Thanks Pathfinder. Its convincing enough to support your prediction, but, for a long term guy with sufficient staying power with no credit hanging over and completely different investment strategy, is that a very serious matter for concern? What goes down should come up as well.

sashimaal

sashimaal
Manager - Equity Analytics
Manager - Equity Analytics
Nest has been at Rs 2100 for some time (while taken up till Rs 2170+ to collect for a large transaction).

It defended the Rs 2100 price till yesterday when almost the entire market crashed last 3-4 weeks.

RSI is at an unusually low level for Nest and all chances are that it will not go below 19XX

And next week they should release their best ever results imo  Arrow 

@dhanurrox wrote:What will happen if NEST or CTC go to hell.

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