(08-01-2019, 01:04 PM)stockguru Wrote: We had a good day going until Trump tweeted about China and tariffs. It was his way of getting back yesterday since he didn’t get his way regarding rate cuts.
It's the reason why he wanted a big rate cut. He knows China is not going to lie down, and more tariffs were coming. We have to play the financial drama cards we are dealt. This tweet game is getting predictable and fairly easy to trade for an aceptable return. That's not for everyone as it takes a lot of time. It's good for long-term investing as well, but it requires extreme patience. There WILL be some buying opportunities. You always have to keep some dry powder after a decent run because we can't know if we a big correction comes in 3 days or six months. It's just not any fun if you put yourself in a position where you can't take advantage of buying ops. I learned that lesson more than once.