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Stock Market Era |OT2| Taking SPY private at $420. Funding secured.
- Thread starter Sheepinator
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of course tech crashes a week after i put way too much money in. unreal. feel like im gonna panic sell and take some huge losses soon.
Same here. I didn't hold Ponzi Tesla till a few days ago. My biggest holdings are Apple Amazon Visa MS FB and Visa. The gains the last couple of years have been silly so it is what it is. Taking lumps but still up signifigantly. Same with 401K.. Total curb stomping but still up big.
We hit a multi year resistance early thi week. Where every time we hit it, stocks sold....alot
Yup, when everything is getting crushed need to look for relative strength. Doesn't always work, but 80% of the time it's a tell.
If you put it into reliable companies, just hold out. I say this as someone who did a fairly large buy on apple and tesla a week ago.
Said this to my wife this morning.
The only thing with finance is, they are currently in a wedge or whatever. So they will be chopping from 25.50 to 24.90 until some side breaks. And right now they are at support again.
QQQ is trying to bottom for the day right now. See if it can.
I'm not interested in banks long term. XLF is still flagging, hasn't broken yet. If it breaks I'll be out. Just looking a bounce while the QQQ is dying. Nasdaq might have put the top in yesterday where it may not be safe to just blindly buy the dips anymore. Want to see the QQQ in a defined up trend again first.
I'm not interested in banks long term. XLF is still flagging, hasn't broken yet. If it breaks I'll be out. Just looking a bounce while the QQQ is dying. Nasdaq might have put the top in yesterday where it may not be safe to just blindly buy the dips anymore. Want to see the QQQ in a defined up trend again first.
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yeah, thats about what i did. at a total loss of a couple thousand across those two. now, im getting concerned that if this is the beginning of a big drop, the eventual recovery to gains might be years down the line. maybe ill just buy more if it gets too low. try to balance it out.
Micromanaging your holdings like some of y'all do just sounds so stressful relative to the likely results.
I mean, you shouldn't be playing with money you need in the next few years.
Well, took a little longer from my post that my getting back in would drive shit down, well I called it a crash but it's not that... yet. But I'm down 20% since and I'm feeling fuckin' great! Today dropped like right after I fell back asleep.
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I'm in it for the long haul (20 years+), so I try not to micromanage every swing. I see dips as an opportunity to invest.
But if you are investing money that you need back right away...woof.
I think the momentum names are trying to bottom for the day today. Many charts seem to indicate that. See if it holds.
Depends on what my goal is. I have some long term holdings, and some short term ones. Short term ones I would consider more risky so I want to mitigate any downside damage.
Depends on what my goal is. I have some long term holdings, and some short term ones. Short term ones I would consider more risky so I want to mitigate any downside damage.
Yeah, no reason to if you're in for the long term and you picked solid companies.
no definitely don't need the money anytime soon. just lamenting the possibility that it was the most shitty time to buy in. lol.
Now that I think about, my current roth ira is basically an ETF anyway haha. I have my money spread out in almost every sector, not going heavy one. Mitigating the damage on the downside right now though.
Yup, but it might be showtime right now in the sp500. Really want to get back above and stay above the former high.
Yup, but it might be showtime right now in the sp500. Really want to get back above and stay above the former high.
Many massive moves down often have a bit of an uptick before dropping again. UVXY is seeing a drop and NASDAQ is going back up.
It's a predictable bounce that comes with massive downward moves as people are buying new positions at lower prices, which briefly breaks the downward momentum before it moves downward again.
Yup, we actually have some technical damage now over last couple days in various charts where they can have a decent rally and still be in a longer term downtrend. Much harder to see a direction at this point, but I'd still lean lower until I see a thrust higher in stocks that holds.
Lmao what a term. Dead cat bounce just sounds so ridiculous haha. Hopefully it goes back up a bit more so I can sell off my Tesla. I was an idiot this morning and bought stupid high. Imagine if I bought at 375..
Yeah, I wouldn't be surprised if the usual personalities on market shows are trying their hardest to pump the market.
Uh, he just said yesterday to take some chips off the table. What a fool.
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