Hi MJG –
You said –
“Welcome back AKAFlack, it’s been way too, too long.
I have missed your moving average posts. Do you still teach
that market entry/exit technique? I worry for your students.
They may not have the discipline that you do. Please visit this site more frequently.”
Well, yes I do continue to teach the simple moving average strategy.
It’s funny that you mention discipline. Ordinarily, I’d say that discipline
is something that we learn gradually, usually through trial and error.
But following a simple moving average strategy requires very little discipline.
When we examine its success rate, we see that it has beats buy/hold and
buy/hold/rebalance strategies – with less risk.
Since I’ve posted this strategy in the past and Charles graciously ran the numbers,
it needs no further reposting.
So, yes, I’ll continue to show people this strategy, since it’s something the
average investor can easily learn and apply – if they choose to.
Like you, quality time has now become more important
to me than the market - and certainly more important
than the celerity and massiveness of market “news”.
We know that Mr. Cramer didn’t trade on the news.
He created the “news”.
He traded on the psychology of other traders – namely, greed and fear.
I other words - the “news” doesn’t have to be factual.
I hope you and your family are doing well.
AKAFlack
Comments
Thanks for the update.
Although we don't always agree, I have always enjoyed exchanging investment thoughts with you.
My Very Best Wishes.