Buying anything, thinking you will sell it for a higher price later due to your observations of price behavior, is NOT investing. It is speculation or betting. If you take nothing else from this site, please don't forget this one fact! --- Mark Twain: "There are two times in a man's life when he should not speculate: when he can't afford it and when he can." --- Benjamin Graham: "The future of security prices is never predictable." --- Yogi Berra: "Prediction is very hard, especially about the future" --- Zweig: "The markets will most brutally surprise the very people who are most certain that their views about the future are right."

SPECULATION

Don't fight the need to speculate. Set aside a (VERY) small sum of money and enjoy yourself. Never add more money to this account regardless of the account's performance, and never mix your speculative funds or decisions with your investment account funds or decisions. Just remember, unlike Intelligent Investing, the speculator has no true and consistent "exist strategy", therefore even with many years of luck, the chances of getting caught in a market downturn and completely wiped out only increase with time for the speculator.