I just made a twitter post noting my new bearishness. And for right now, I am.
But, here’s the thing: I am by no means loyal to that decision. Things could change in the next few hours, and I might become completely bullish.
Now some would say that shows a lack of character or a lack of conviction. BS: what I think it shows is the ability to change and adapt to what the market’s saying. And I truly believe that’s the sign of a good trader. Of course, you have to figure out the difference between changing stripes willy-nilly and changing for a good reason. But, that’s a different and longer post.
That said, I can be loyal: to my wife, kids, and dogs. In that regard, I’m truly buy-and-hold.