WALL STREET: The future is the past - possibly
In this screencast I look back to 2008 to get an idea of what happened in the last crash. 
As I'm in a lot of positive equity, I don't want to become complacent in my trend following. So - I've looked back to see the sort of bouncing around of price I could expect (if the current picture unfolds similarly).
To be clear, I am not saying that what happened in 2008 will happen again. I am simply looking at patterns on daily time frame, to avoid any unconscious expectation that price will just go down in a simple stepwise manner.
Why might I come to an 'unconscious expectation'? Because I know not the psychology that affects me and loads of other people. I know that lots of equity gains can have an almost hypnotic effect. I've been there done that, been burnt, and worn the T-shirt etc. So - this time around, I ain't letting 'no' market hypnotize me!
As I'm in a lot of positive equity, I don't want to become complacent in my trend following. So - I've looked back to see the sort of bouncing around of price I could expect (if the current picture unfolds similarly).
To be clear, I am not saying that what happened in 2008 will happen again. I am simply looking at patterns on daily time frame, to avoid any unconscious expectation that price will just go down in a simple stepwise manner.
Why might I come to an 'unconscious expectation'? Because I know not the psychology that affects me and loads of other people. I know that lots of equity gains can have an almost hypnotic effect. I've been there done that, been burnt, and worn the T-shirt etc. So - this time around, I ain't letting 'no' market hypnotize me!
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