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ASX 200 tumbles to 1.3% to 7,786 points at the close, almost 10% lower than its record close last month (www.abc.net.au)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 3 months ago

Maybe I give the professional traders too much credit, but I figure that I won't, as an amateur, be able to outperform the market (which is largely steered by the professionals) through skill. I might get lucky, and I might be able to make educated guesses to improve my chances of getting lucky, but I figure that if there's some rational move to be made - like cashing out and waiting for a crash - then the market would be crashing already as the professionals all cash out.

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