disappointed we didn't get the washout on the open...would have been much safer for calling a bottom if some of the sellers got crushed on the open. oh well...we will see what today holds
Yeah, that was rather disappointing. I'm sitting out. Maybe we get some action later, maybe the washout comes Monday.
It's telling me that the "true" bottom may very well be at 8,000. Regardless, if you're a day trader, you're a gambler, and you will lose. If you're an investor with a time horizon of 10+ years, now is the time to go "all in" with your investable assets. While timing the market is privy to gambling and stupid, people under the age of 40 won't see this type of buying opportunity again in their lifetime. Just make sure you diversify. I think an S&P fund is your best bet. As for annuities? We are BOOMING right now due to investor fears. Honestly though, a product that offers guarantee of principal with a 9% cap on return per year is IMO the best bet you can have in these conditions for those who have "had it."
Crap. I bought into some positions in the hopes that these would be "base" positions for dollar cost averaging. I wish I had bought more - these were just small positions. I got into AAPL, GS, and DCA'd into WMT and MCD pre-market for the long run. Tried to get some KO cheap, but my limit didn't trigger. Also bought a little SSO and DDM pre-market - not sure how long I'll hold these, though since they could both be down for me by the end of the day in this market. Hehe. I'm going to see what happens towards the end of the day to see if I want to buy more. For those of you holding back, what stopped you from buying (just looking for opinions - not saying you're wrong)?
Yeah annuities are no fun. 9% per annum is weak. You're not a gambler if you actually follow trends and use prudent risk management techniques. Every trader has his share of trade losses, but with good risk management and disciplined decision making you'll make a lot more than you lose.
Well, the whole thing took me by surprise, and deep down inside I really didn't know what to expect, so I tested the waters with a little bit of QID in premarket. When I saw that the capitulation wasn't happening, I dumped it. I'm sitting out completely until something significant happens. Right now it looks like we've tested the October 16 low and held. Still not sure where we go from here, and whenever you have days like yesterday and today when you don't know what the heck is going on, you hold your cash and sit tight.
The problem is there isn't a lot of rational thinking going on with the market. Markets that randomly go up 5% or down 5% every other day aren't trading on much except fear - fear of a sudden downside cascade and fear of missing an upside rally with everyone trying to predict a bottom. If you have an irrational market, it's much harder to make rational investments. If very possible that in 2 days, the market is 10% lower, which means if you wait 2 days, you can get another year's worth of avg gains. (same for the flipside, wait two days and it goes up 10% and you lose a year's worth of gains)
Well it's weak compared to what you can make in equities if you do your work properly ... and you're right, fees can suck too.
Annual pt. to pt. has nothing to do with expenses. Quit drinking the proverbial Kool-Aid and research a bit. 100% participation is what it is.
Looks like we delayed the stockpocalypse for another day. I'd like to know how Amazon is green right now...the economy is in the dump, and AMZN is still trading at a 35 P/E. Am I missing something obvious?
Uh huh. Day trading is gambling and you will lose, period. What is your background prior to doing this? Education, prior career, etc. TIA.
I'll bite. I have an MBA with concentration in Finance. I have also done extensive studying and training on technical analysis of markets. In the past 3 weeks of action, I am sitting on a 45% gain in my portfolio, and the only reason why that isn't closer to 200% is I don't have the capital required to be exempt from FINRA day trading rules. I pay attention to trader blogs and I see people making monstrous gains weekly by just applying technical analysis to the markets. You call it gambling because you don't know how it works. Just admit that you don't know how to day trade. It would be gambling for you -- for me, and for traders like robbie, it certainly isn't.
