Bloodbaths start @ 20% down, not 2%. Anything less than 5% is just a buying opportunity.
a “bloodbath” at 2% is a bit funny and overdramatic.....
anyways I got no stock picks to give , just want to say that a lot of times it pays to be more passive,,, to actively look for opportunities that are not there is counterproductive.... what I’m trying to say is that the stock market is a funny game and the less involved you are at times the more successful you are going to be , it’s a “side hustle “ for a reason .....
now having said that I have no clue or advice to give as to were I think the market is headed... obviously there is profit taking which is one of the reasons for the decline ... its only natural that people are selling and contemplating of exiting their positions after such a run ..... but the point I want to make is that deciding to remain in the market now wouldn’t seem that risky if one had gotten in during the crash ... and I know that I’m sounding like captain obvious here but nothing is as important as the “entry strategy “ , because if you get that right then the exit strategy isn’t as important or risky ... I’ve always believed on being opportunistic when the markets are at their lowest ( crash ) ,,, that’s when the percentages favour you as an investor/buyer for obvious reasons ,it’s the “safest “ time actually... strange thing though it is exactly at that time that the public decides to run for cover ... there would be no need to be overly cute with picks or look hard for winners if one understood early on the true value of contrarian investing , anyways just some thoughts and GL to all
anyways I got no stock picks to give , just want to say that a lot of times it pays to be more passive,,, to actively look for opportunities that are not there is counterproductive.... what I’m trying to say is that the stock market is a funny game and the less involved you are at times the more successful you are going to be , it’s a “side hustle “ for a reason .....
now having said that I have no clue or advice to give as to were I think the market is headed... obviously there is profit taking which is one of the reasons for the decline ... its only natural that people are selling and contemplating of exiting their positions after such a run ..... but the point I want to make is that deciding to remain in the market now wouldn’t seem that risky if one had gotten in during the crash ... and I know that I’m sounding like captain obvious here but nothing is as important as the “entry strategy “ , because if you get that right then the exit strategy isn’t as important or risky ... I’ve always believed on being opportunistic when the markets are at their lowest ( crash ) ,,, that’s when the percentages favour you as an investor/buyer for obvious reasons ,it’s the “safest “ time actually... strange thing though it is exactly at that time that the public decides to run for cover ... there would be no need to be overly cute with picks or look hard for winners if one understood early on the true value of contrarian investing , anyways just some thoughts and GL to all
Actually yesterday and to-day the market is a day traders wet dream. If you know the stocks you are trading then your chances of making Benjamins are much better than at the Casino.
With paper money being printed like there is no tomorrow. Bitcoin dropping below 30,000. Ten Year US bonds dropping daily. Gold is one of the safest bets. Gold mines are at yearly lows for no logical reason.
With paper money being printed like there is no tomorrow. Bitcoin dropping below 30,000. Ten Year US bonds dropping daily. Gold is one of the safest bets. Gold mines are at yearly lows for no logical reason.
In my opinion day trading is a terrible idea ...but I understand the appeal it has for many because of the non stop action ( pretty exciting no ? ) ... me personally I would NEVER recommend it as a trading strategy , especially to beginners ... day trading has nothing to do with knowing the company’s shares you are trading ...it’s more about having the temperament and discipline that’s needed to give you a chance to be successful ,,, and it sounds like something cool to do but in reality it is difficult to sustain gains consistently even for experienced traders .... angels weep when they hear how day trading ends ,,, but buying gold never hurts
For the long term...yes. But short term, I think it's due for a dip. Gold skyrocketed in 2020 due to Covid19 but it's only a matter of time before C19 recedes from the news. What'd happen to gold then?
What's the best trading strategy? I have heard many opinions from different people, and the most efficient I have heard until now is the swing trading strategies. I like that it combines a lot of the analysis of the market and the stocks, which I am good at. I already started to educate myself using these strategies, but I know that I need to use more than one type of trading strategy for becoming a good trader on Forex. I would be very pleased if you would recommend me something similar to the swing trading strategies.
Last edited:
I had no idea merb was full of gold bugs. Gold has gone absolutely nowhere despite the recent pump in the last decade. Look when shit hits the fan everything goes down (gold included) but is it really something you wanna be holding for the next 10 years? Not me.
Build a basket of good value stocks like Ben Graham and Warren Buffett and hold them no matter buy on the dips when everyone else is selling
Yup. Value investing is the way to go. Sat out most of the past year, the market was ridiculously overvalued, started buying this month when some blood finally started flowing.
Was supposed to be a major squeeze WS and the FED are together. You can't have a market for people and the darkpool on the other side.
Do you guys do your trading through a platform in Canada or through the US?
How can I get started?
How can I get started?
Every morning I awaken to a new statement excreted by DJT and cheered by his deplorables. My consolation is that I bought puts on his stock as soon as they became available. Trump gave me a huge gift over the weekend by approximately doubling the number of shares and, of course awarding himself the new shares.
Should I buy some of his Chinese made MAGGOT hats to thank him?
Should I buy some of his Chinese made MAGGOT hats to thank him?
DJT made a big announcement today, so the shares are only down 8.5% so far today instead of the 18% of yesterday. I didn't realize that Trump is not only printing more shares, but he will probably be able to sell them without having to wait the customary several months that insiders normally do after an IPO!
I bought more puts instead of taking my profits - greedy like Donny.
I bought more puts instead of taking my profits - greedy like Donny.
Similar threads
