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<p>[QUOTE=&quot;SD51555, post: 2221522, member: 71871&quot;]You want to be a successful investor?&nbsp; Quit pursuing market timing.&nbsp; Proper asset allocation will crush all other models in the long run.&nbsp; It&#039;s a principled approach to always be buying opportunities and selling winners.&nbsp; As long as there is pin action in investments, asset allocators will always win.&nbsp; </p><p><br /></p><p>I can&#039;t say I&#039;ve done a good job of it.&nbsp; I got swept up in the silver-$1000 mania of the last bull run.&nbsp; I&#039;ve succumbed to selling at the worst time to shield myself from any further downfall.&nbsp; I&#039;ve learned to take the drama in stride and laugh when I get absolutely crushed like the last month.&nbsp; </p><p><br /></p><p>Focus one is to not react, but rather prepare.&nbsp; As the markets have been melting the last few days, I&#039;ve been on the phone with my broker setting up limit buy orders for high quality stocks for when they fall further.&nbsp; </p><p><br /></p><p>You&#039;ve likely seen me moaning on here days earlier about dumping all my gold stocks at the absolute bottom on August 6th.&nbsp; Instead of chase it and jump back in at an extra 15% loss due to appreciation while I was out, I set limit orders far below market price that day and I&#039;ve already gotten much of it back and at much lower prices than the day I set it.&nbsp; I&#039;ve got more orders in for even lower prices.&nbsp; When we find a bottom, I plan to start selling call options on the GDX for added income and a guaranteed profit if I lose it.[/QUOTE]</p><p><br /></p>

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