No. of Recommendations: 1
I am of the opinion that in a storm the best place to be is in a cave. Make hay when the sun is shining, shelter down when it is not.
The market is much more volatile during a bear market than a bull market. Using leverage with high volatility is dangerous.
You don't need to make profits in both bull and bear markets. It's okay to go to cash in bear markets. "Heads I win, tails I don't lose."
And that "Always Beats the Market" is just wrong. It's not "always". As Jim said, it's just leverage.
Kinda like card counting at Blackjack. When the odds are in your favor, bet big. When they are not, bet small.
So it sounds like you like Michael Yuen's book more than Heather Cullen's. I think he is more honest. He does not claim you can get almost zero time value, and he freely admits that while this works for him, it may not for us. He also says take from the book what you find useful, and ignore the rest.
Heather acts like she discovered penicillin.
