At my core, I'm a long
term hold bull.
Not exact matches
That said, the chance of a
bull trap in the DAX is still on, as the German index is
holding up above the key 12,000 that we noted yesterday, and aggressive
bulls could enter positions here if they think that the technical headwinds will be overpowered by the still intact long -
term bullish trend soon.
The silver prices have been very buoyant and the breakout through the $ 17 region should prove to be an important development in this market as the
bulls try to
hold the break and if they manage to, then we should see the prices moving much higher in the medium
term.
But I would say that as long as MA
holds above $ 180, short -
term bulls can stick with it.
I will focus on how this rule applies to action with over-valued, long -
term positions
held in an over-bought
bull market or less frequently over-exuberance in an individual name.
If you have core
holdings that you plan to own for the long -
term then why not write some out of the money calls on them to generate some extra income (even if they're rising in a
bull market)?
Rather than treating ownership as a short -
term vehicle for profit in the mode of a day trader, buy - and -
hold investors retain shares through
bull markets and bear markets.
In a
bull market, everybody is a buy - and -
hold investor, everybody is a long -
term investor, until they find out that they're not.
It was a buy - and -
hold strategy, and he kept a long -
term perspective through
bull and bear markets.
Therefore, while the stock brokers advice to
hold for the long
term was good advice for a secular
bull market, it is totally the wrong strategy for a new secular bear market.
Whether buying the dip,
holding for long -
term gains or cost - averaging each month, bitcoin investors believe the
bull market has only just begun.
Moreover, the Relative Strength Index (RSI) and Stochastic oscillators show oversold conditions but also show
bulls may continue to
hold the reins in the short
term over the course of the day.
While day traders and speculators may not like BTC's current trajectory, long -
term buy - and -
hold investors should take comfort in a week where Bitcoin behaves somewhat calmly, although the loss of massive gains is, of course, not ideal for BTC
bulls.