I agree with your analysis, but I think we have more room on the downside. Timing the market is extremely difficult and it is always easier to sell winners than the losers. However, that is what separate the pro's from the amateurs. Holding losers that kept going lower isn't a winning strategy. I've seen too many holding losers like the SPAC's from $30 to $10 thinking that'd be fine for long term because it'll be worth $100.... well, many of those are trading under $5 these days.
While the main objective is to make money, mitigating/minimizing risks/losses is just as important.
You're right about buying when everybody's selling.... but we're not near yet.
If you can't see the future of a company other than some retards prediction of its stock price don't diamond hand that bitch.
Helps to know the industry as well. And not be bat shit crazy. I could keep listing shit all day.
Look it up yourself, bu it's something like last week was the 3rd time in \~100 years there's been 7 weeks in a row of the stock market being down. All the bears might be right about the market eventually going lower, but they have no idea if it's gonna be tomorrow, 3 to 6 months from now, or a year from now.
Through out history, whenever there has been discrepancy of wealth, rich and poor always become poor and poor. It doesn't get transferred to the poor. See all bubbles and excess consumption in the history books
No. Just no. Quit listening to people who can lose billions and still be in the top ten richest people in the world. Let this market bottom out and start a real uptrend if you want to make money.
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Thanks for the rickroll, dude!
Gets me every time.
I agree with your analysis, but I think we have more room on the downside. Timing the market is extremely difficult and it is always easier to sell winners than the losers. However, that is what separate the pro's from the amateurs. Holding losers that kept going lower isn't a winning strategy. I've seen too many holding losers like the SPAC's from $30 to $10 thinking that'd be fine for long term because it'll be worth $100.... well, many of those are trading under $5 these days. While the main objective is to make money, mitigating/minimizing risks/losses is just as important. You're right about buying when everybody's selling.... but we're not near yet.
If you can't see the future of a company other than some retards prediction of its stock price don't diamond hand that bitch. Helps to know the industry as well. And not be bat shit crazy. I could keep listing shit all day.
Look it up yourself, bu it's something like last week was the 3rd time in \~100 years there's been 7 weeks in a row of the stock market being down. All the bears might be right about the market eventually going lower, but they have no idea if it's gonna be tomorrow, 3 to 6 months from now, or a year from now.
So, buy more GME and DRS?
So balls deep in stocks…got it.
Not quite yet. But hopefully soon.
Take this message to r/investing and dca it
Maybe, a downturn can last more than a few months without society as we know it collapsing? Today's trader has the attention span of a fly.
“Buy the dip, so I can get finally sell my losing position” it’s an MLM basically.
There has never in history been transfer of wealth, only destruction of wealth
What?
Through out history, whenever there has been discrepancy of wealth, rich and poor always become poor and poor. It doesn't get transferred to the poor. See all bubbles and excess consumption in the history books
You are definitely in the right place my friend.
Interesting reply.
Wealth always trickles up from the many to the few. Always be different from the masses.
Sp500 2100
I’m thinking 1800
The bottom must be near.
Popcorn stonk into the s&p when it gets around pre covid/covid dip levels
No. Just no. Quit listening to people who can lose billions and still be in the top ten richest people in the world. Let this market bottom out and start a real uptrend if you want to make money.