Dow closing in on 11K -what did you do?

[PRBuzz]

I've day traded (outside 401K/IRA) since Feb'09 and doing very well thank you. My IRA and 401K are also doing well averaging down and strategically investing there.

[Back Beach]

I basically kept the same strategy I always have(dollar cost averaging via weekly purchases) and increased my weekly IRA contribution starting about one year ago.

I put a lump sum down when the market hit 9K on the way down. The lump sum quickly dropped about 30% when the market fell to 6500 or so, but has since rallied and its up about 40% from where I bought it. I was lucky with that one as it was a big bet on a rally in financials, which we got.

I remember Buffet put down a huge bet on GS, which kind of instilled some confidence for me and many others. Pretty sure he also put a huge bet on a S&P rally via derivatives contracts too.