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re: After being fully invested several years I got out this morning
Posted on 8/5/19 at 11:12 am to Thib-a-doe Tiger
Posted on 8/5/19 at 11:12 am to Thib-a-doe Tiger
quote:
I’m assuming his 7/5 post was incorrect
It was.....I had 304-305 spy or roughly 30-40 points higher
This post was edited on 8/5/19 at 11:13 am
0
Posted on 8/5/19 at 11:14 am to Tigers4life
quote:
I am a trader but long ways from calling myself a pro.
So nobody pays you to trade? That’s a day trader at best, amateur investor at worst
Posted on 8/5/19 at 11:15 am to Thib-a-doe Tiger
quote:
Commodities, FI, equities, futures?
Commodities, equities, futures. Haven't been doing it but a few years...lots to learn
Posted on 8/5/19 at 11:19 am to Tigers4life
quote:
Haven't been doing it but a few years...lots to learn
Well let me learn you something. Algos play a part, but they aren’t the entire picture. Remember election night 2016, when the Dow was down 1,400 points at one point, then finished the following day up a couple hundred points from the previous close? Emotions still play a giant factor in market movements
Posted on 8/5/19 at 11:23 am to Thib-a-doe Tiger
quote:
So nobody pays you to trade?
Nope
quote:
That’s a day trader at best, amateur investor at worst
This is correct....i spend most my time in front of a chart. I don't need to post market timing anymore if it offends the intelligent investors on here. I will just go with the flow.
Posted on 8/5/19 at 1:29 pm to Tigers4life
Posted on 8/5/19 at 1:58 pm to Thib-a-doe Tiger
quote:
What kind of trader is on a message board at 10:15 am on the most volatile trading day in months?
Posted on 8/5/19 at 2:12 pm to JayDeerTay84
What yall buying today?
Posted on 8/5/19 at 2:12 pm to JayDeerTay84
Lose ego.....learn charts and get the big picture...it does help
Posted on 8/5/19 at 2:12 pm to Jimmy2shoes
Vodka
Posted on 8/5/19 at 2:18 pm to Tigers4life
quote:
Lose ego.....learn charts and get the big picture...it does help
I have no ego. I am a novice, however I find it funny for YOU to tell me to get the big picture when I am 34 years old. Im not pulling out. In fact, I will continue to invest the same amount this month as I have previous months.
I'm in it for exactly as you say, "the big picture"....
Posted on 8/5/19 at 2:21 pm to JayDeerTay84
Nothing wrong with that....best of luck to you...
Posted on 8/5/19 at 2:24 pm to Tigers4life
Maybe I am just not scared about this or too ignorant (very likely both), but I dont see any way the market doesn't catch back up.
In my view 1 of 2 things happen.
Trump breaks China, markets go up.
Dem's win in 2020 and things go back to normal, markets go up.
Sooo to me, the only question is how much?
In my view 1 of 2 things happen.
Trump breaks China, markets go up.
Dem's win in 2020 and things go back to normal, markets go up.
Sooo to me, the only question is how much?
Posted on 8/5/19 at 2:29 pm to Jimmy2shoes
I got a little AOBC just now. Any mention of gun reform in the news and will likely see some short term appreciation.
Posted on 8/5/19 at 2:33 pm to JayDeerTay84
quote:What is "normal"??
and things go back to normal
Posted on 8/5/19 at 2:38 pm to JayDeerTay84
Yep....history has taught us that markets go up on average of 70-80% of the time....the last 10+ years anyways and Warren Buffet's track record can't be argued. What I do is a preference and there are many more traders like me out there. Just my thing and there's more than one way to make money.
Posted on 8/5/19 at 2:45 pm to LSURussian
quote:
What is "normal"??
Well I am certainly not trying to get in a spat with you, but in the way I mean it, business as usual in "Washington".
In my opinion, Trump has been the disruptor on the China/Trade issue. I'd imagine if he were voted out, things would smooth back out???
I for sure have so much to learn as I have only started investing in individual stocks/funds for a few years now. Previous I did the normal 401K/Roth contributions. I made it a goal to start investing on my own and learn. (and my early mistakes taught me a lot lol)
The biggest theme I have read and had repeated to me over and over is to focus on investing in stocks/funds that I plan to hold and see long term value in.
I've ridden the dips this past year and have managed OK. Maybe I am missing something.
This post was edited on 8/5/19 at 2:47 pm
Posted on 8/5/19 at 3:00 pm to Tigers4life
quote:
Yep....history has taught us that markets go up on average of 70-80% of the time....the last 10+ years anyways and Warren Buffet's track record can't be argued. What I do is a preference and there are many more traders like me out there. Just my thing and there's more than one way to make money.
I just cant see myself having the knowledge at my stage to try and time anything.
Early on I had a day like this were I sold. Looking back, as another posted stated, my only reason was an emotional one.
A lot of smart people here. I just try to absorb and retain what I can.
This post was edited on 8/5/19 at 3:02 pm
Posted on 8/5/19 at 3:42 pm to JayDeerTay84
quote:I'm honestly not trying to get into a spat. I just don't know what "normal" is anymore.
What is "normal"??
Well I am certainly not trying to get in a spat with you,
For that reason I just assume it's "normal" now.
Posted on 8/6/19 at 7:55 am to Mikey P
Nasdaq is down 1% over the past year while the Dow and SP500 are only up a fraction. Good call on your part.
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