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Message
Is it time to lock in some gains and move to cash ?
Posted on 7/25/23 at 12:28 pm
Posted on 7/25/23 at 12:28 pm
The market has gone straight up for two weeks.
Dow on a 12 day run.
Fed announcing rate hike tomorrow, and giving guidance.
If the FED disappoints, look out below.
Powell can't be happy with the stock market going on this tear.
I think he will raise .25 and at least talk tough.
Bulls make money, Bears make money, Pigs get slaughtered.
Dow on a 12 day run.
Fed announcing rate hike tomorrow, and giving guidance.
If the FED disappoints, look out below.
Powell can't be happy with the stock market going on this tear.
I think he will raise .25 and at least talk tough.
Bulls make money, Bears make money, Pigs get slaughtered.
14
Posted on 7/25/23 at 12:41 pm to LeeVanCleef
We’ve seen this thread too many times to count over the past two years.
Posted on 7/25/23 at 12:46 pm to LeeVanCleef
quote:
Bulls make money, Bears make money, Pigs get slaughtered.
People who just stay invested for 20+ years make shitloads of money.
Posted on 7/25/23 at 12:46 pm to LeeVanCleef
I see no reason to quit being aggressive unless I actually need the money now or want to scale back because I'm retiring or near retiring. I'm halfway through my career so there's no point in doing this for me. I may adjust which parts of the market I play, but I'm not leaving it.
If you are scared, then feel free to lock it all up in some HYSA.
If you are scared, then feel free to lock it all up in some HYSA.
Posted on 7/25/23 at 12:47 pm to LeeVanCleef
I remember some posters on here said they were selling and going to all cash when the Dow Jones Average first hit 20,000 back in January, 2017.
I'm still waiting for them to let us know when they plan on getting back into the stock market.
I'm still waiting for them to let us know when they plan on getting back into the stock market.
Posted on 7/25/23 at 12:47 pm to JohnnyKilroy
quote:
People who just stay invested for 20+ years make shitloads of money.
Posted on 7/25/23 at 12:48 pm to notiger1997
It can't go straight up forever.
If the the FED pisses off the market there is a lot of recent gains that could vanish.
Not saying it's going to happen.
Would just be nice to lock in some profits and buy back cheaper in a few days if the market has a FED hissy fit.
If the the FED pisses off the market there is a lot of recent gains that could vanish.
Not saying it's going to happen.
Would just be nice to lock in some profits and buy back cheaper in a few days if the market has a FED hissy fit.
Posted on 7/25/23 at 12:49 pm to LeeVanCleef
quote:
It can't go straight up forever.
Market was blood red last year.
Posted on 7/25/23 at 12:51 pm to LeeVanCleef
quote:
It can't go straight up forever.
If the the FED pisses off the market there is a lot of recent gains that could vanish.
Not saying it's going to happen.
Would just be nice to lock in some profits and buy back cheaper in a few days if the market has a FED hissy fit.
You're really asking if one should try to scalp a few points on their holdings on a week or two bet of broad market movement following a move from the fed that is borderline expected?
Jesus.
Posted on 7/25/23 at 12:58 pm to LeeVanCleef
quote:
Fed announcing rate hike tomorrow, and giving guidance.
And you don’t think this hike was already priced into market expectations months ago?
Posted on 7/25/23 at 1:01 pm to JohnnyKilroy
Scalping a few points ?
Bought TQQQ at 16.
It's now 44.
MSFT and Google earnings after the close.
If earnings disappoint tonight, or the FED tomorrow, market could take a big hit.
Again, not predicting it, but the risk/reward over the next 2 days seems to be leaning towards the risk side.
Bought TQQQ at 16.
It's now 44.
MSFT and Google earnings after the close.
If earnings disappoint tonight, or the FED tomorrow, market could take a big hit.
Again, not predicting it, but the risk/reward over the next 2 days seems to be leaning towards the risk side.
Posted on 7/25/23 at 1:02 pm to LeeVanCleef
Time in the market > Timing the market
The more you follow this, the better off you'll be barring catastrophe. It's been proven over and over and over again.
The more you follow this, the better off you'll be barring catastrophe. It's been proven over and over and over again.
Posted on 7/25/23 at 1:12 pm to LeeVanCleef
quote:
Bought TQQQ at 16.
It's now 44.
MSFT and Google earnings after the close.
If earnings disappoint tonight, or the FED tomorrow, market could take a big hit.
Again, not predicting it, but the risk/reward over the next 2 days seems to be leaning towards the risk side.
I don't see an issue with this. Take the gains and see what happens the rest of the week. If it doesn't go down, which a lot of prognosticators are saying it will after Tesla/Netflix had good numbers and dropped, buy back in.
TQQQ is 3x leveraged so any drop will be magnified.
*I have no idea what I am doing so someone can feel free to bleat some timing the market crap.
This post was edited on 7/25/23 at 1:14 pm
Posted on 7/25/23 at 1:37 pm to LeeVanCleef
Are you retiring tomorrow or the next 5-10 years?
Posted on 7/25/23 at 2:17 pm to LSUtiger89
quote:
Are you retiring tomorrow or the next 5-10 years?
I try to outperform the market.
You can't outperform the market by always being in the market.
If your goal is to just ride the SPY, there is nothing wrong with that, I just prefer to outperform.
That's why I bought 3X TQQQ last year instead of QQQ.
Higher Risk, Higher reward
Posted on 7/25/23 at 2:32 pm to LeeVanCleef
quote:
I try to outperform the market.
The question you need to ask yourself is, have you outperformed the market?
And if you have, why are you asking us? It seems like your strategy is probably better than ours, and odds are we'll only bring you down.
This post was edited on 7/25/23 at 2:33 pm
Posted on 7/25/23 at 2:38 pm to LeeVanCleef
This seems like a risk that's based more on emotion than logic.
Sometimes huge risk pay off though. Let us know how it works out.
Sometimes huge risk pay off though. Let us know how it works out.
Posted on 7/25/23 at 2:41 pm to saint tiger225
quote:
This seems like a risk that's based more on emotion than logic.
Sometimes huge risk pay off though. Let us know how it works out.
I bought TQQQ last year at 16.
It's now 44.
That risk worked out pretty well.
But you haven't made anything until you sell.
I would hate to ride it back down when I could lock in a nearly 200 percent gain in less than 12 months.
Posted on 7/25/23 at 2:43 pm to saint tiger225
quote:These people never come back.
Sometimes huge risk pay off though. Let us know how it works out.
Posted on 7/25/23 at 2:50 pm to saint tiger225
quote:
This seems like a risk that's based more on emotion than logic.
The logic is that I am up nearly 200 percent on TQQQ in less than a year.
Logic tells me to cash it in, emotion tells me to be greedy and let it ride.
200 percent, that's a decade worth of gains from s&p.
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