I first began making stock buying recommendations back in March. The bottom of the market happened on March 23 and I made my first recommendation on March 24. I made a second stock buying recommendation on March 30. I like buying early in a cycle because if I am wrong, I won't be very wrong. The risk is easily managed by placing stops just below the swing. Today as I write this is day 16 of the new daily, intermediate, yearly and 4 year cycle. The stock market has already rallied 29.7%. The frothy part of the rally has already disappeared. The market will probably go higher, but I won't be making stock buying recommendations the rest of this daily cycle unless we get a clear half cycle low or until the next daily cycle begins.
Today, stocks are on day 16. A typical stock cycle is 35 to 50 days long. It normal to get a half cycle low, but a move this strong might not produce a HCL. I won't be making any recommendations now to buy stocks or any metals. Most of you took the stock trades I recommended and are making good money, but we need to begin transitioning from controlling our anxiety to controlling our greed. I am getting a lot more interest in stock and metals trades now than I did back when I first recommended them. The same emotions that would not allow you to buy the stocks at the bottom are now pushing you to buy them near the top. These are warning signs for me.
My plan is to stay the course. I have tried to keep stops loose but above our costs so the market volatility doesn't knock us out. I will keep pushing the stops higher as the market moves higher. Eventually we will get stopped out, and probably not near the top. I won't know in real time when that will be.
So in summary, buying now while you are feeling like you are missing out on the move is a lot riskier than it is when you are scared of buying. The cycles help us manage these emotions so we don't make bad decisions. If you want to buy something now, it is up to you to determine how you will manage that risk.