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Tough start to the week!
Posted on 4/2/24 at 9:53 am
Posted on 4/2/24 at 9:53 am
Anybody else's trading/investment portfolio taking a beating the last handful of trading days? Yeeesh!
Not even sure if I want to scoop more shares up at the discounts available. Doesn't seem like the correction period is slowing down until next earnings and rate cut discussions ramp back up.
Do any of ya'll consider taking some profits and then putting those funds into a high yield savings account until the market warms back up?
ETA: i noticed i may have worded my post wrong. i'm not trading options or anything like that. more so just buying and selling individual stocks. have had pretty good success YTD as mentioned in a below reply. the better question asked is what to do when strong gains start to weaken. i know timing the market is an impossible feat. sticking to a game plan might be the best approach and not let wishful thinking get in the way. if my rule is sell at a certain percentage gain, take the gains and on to the next buy and/or sell.
Not even sure if I want to scoop more shares up at the discounts available. Doesn't seem like the correction period is slowing down until next earnings and rate cut discussions ramp back up.
Do any of ya'll consider taking some profits and then putting those funds into a high yield savings account until the market warms back up?
ETA: i noticed i may have worded my post wrong. i'm not trading options or anything like that. more so just buying and selling individual stocks. have had pretty good success YTD as mentioned in a below reply. the better question asked is what to do when strong gains start to weaken. i know timing the market is an impossible feat. sticking to a game plan might be the best approach and not let wishful thinking get in the way. if my rule is sell at a certain percentage gain, take the gains and on to the next buy and/or sell.
This post was edited on 4/2/24 at 1:28 pm
10
Posted on 4/2/24 at 10:43 am to Snoopy04
No offense, but from your post it sounds like you have no business being involved in "trading."
Posted on 4/2/24 at 10:52 am to Snoopy04
Posted on 4/2/24 at 10:58 am to Snoopy04
A pullback is healthy
Posted on 4/2/24 at 11:05 am to Snoopy04
Most traders would have existed positions before a 3 day weekend.
Posted on 4/2/24 at 11:17 am to Snoopy04
Posted on 4/2/24 at 11:55 am to Snoopy04
FFS - dollar cost averaging smooths all this out.
Timing the market is a fool's errand, especially in this environment.
If you don't like volatility, buy dividend stocks (Coca Cola) or bonds.
Timing the market is a fool's errand, especially in this environment.
If you don't like volatility, buy dividend stocks (Coca Cola) or bonds.
Posted on 4/2/24 at 12:16 pm to Snoopy04
quote:
Anybody else's trading portfolio taking a beating the last handful of trading days? Yeeesh!
No. Yesterday was up really well. Today down, but it allowed me to buy back sold calls at 80 plus %.
quote:
Do any of ya'll consider taking some profits and then putting those funds into a high yield savings account until the market warms back up?
I always take profits. I sell calls, make the cash and buy them back for pennies. If it looks like the market might turn, I will take the profit at 25%. Resell on an up day.
Posted on 4/2/24 at 12:50 pm to Snoopy04
quote:
else's trading portfolio taking a beating the last handful of trading days? Yeeesh!
no why? DO you understand TRADING VERSUS INVESTING?
Posted on 4/2/24 at 12:59 pm to Snoopy04
quote:Are you asking if I like to sell after a few red days and then buy back in after the market has gone back up?
Do any of ya'll consider taking some profits and then putting those funds into a high yield savings account until the market warms back up?
No. I do not do that.
Posted on 4/2/24 at 1:15 pm to Snoopy04
The collapse has started!
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