What is the birdie saying

Discussion in 'Stock Market Today' started by Rustic1, Feb 22, 2021 at 4:03 PM.

  1. Rustic1

    Rustic1 Well-Known Member

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    View attachment 15918 v58lxnzdtfn01.jpg Should I stay or should I go? The canary croaked and the cardinal is giving me strange looks. I'm not sure what to make of it.
     

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  2. Rustic1

    Rustic1 Well-Known Member

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    Even my sophisticated stock analysis system is gone array. What shall I do? Screenshot_20210222-151127_Amazon Shopping.jpg
     
  3. Rustic1

    Rustic1 Well-Known Member

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    My little birdie is starting to make sense. The last time he visited I liquidated my entire account and went all cash and only made a few trades here and there. I then noticed my timing was off and I was indeed missing out on some overall gains. I opened a few long term holds and decided my intuition was wrong, but I felt being mostly cash was the way to go. The green canaries tried to convince me I was wrong and being fully invested was the only way to fly, afterall the market was constantly setting new highs and my cash was stagnant. I refused to listen and kept reminding myself of the red birdie, he mentioned the green canary lives in a cage and stays fully invested. He has no room for improvement as he is fed as his owner desires.
    He then reminded me of the squirrel and the hawk. The squirrel is busy foraging for his supply of nuts and tends to be occupied in his journey and fails to observe the patient hawk in the tree. The hawk is amused and observes patiently, he could swoop down any minute but knows more squirrels will join and rejoice knowing they have found the overabundance of supply, they are far to busy in their celebration and cheering and fail to notice more hawks have arrived. The hawks have decided the time is right and swoop down and the squirrels panic but have no escape.

    This time my birdie twisted his head and reminded me that part of me had become a squirrel, my FOMO and lack of common sense had taken control of my instinct to survive.
    Fortunately I had only dipped my toes instead of jumping in over my head, I hold my position and continue watch the canaries panic in horror.
    We can't time the market, it times us.

    However we can observe the overall metrics that are deciding factors and plan accordingly. My birdie gave me a thumbs up and flew up in the trees alongside the hawk.

    I believe I will watch the squirrels and canaries for awhile longer.
     
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  4. Rustic1

    Rustic1 Well-Known Member

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    My little birdie just dropped a big splatter on my head laughed and flew back up in the tree. Lesson learned. No more adding or new positions for awhile. Forest Gump is now on the sidelines. Back to trading.
     

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