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Message
Protection from volatility
Posted on 2/8/21 at 10:42 am
Posted on 2/8/21 at 10:42 am
Up until recently my portfolio is mostly ETFs and fairly safe stocks like Apple and Costco (Tesla). Now, I am starting to go for big gains like many in MT holding penny and other small caps. Many hours of the day at work I am treating patients and can't babysit these more volatile stocks. I can't be alone with this. What are you doing to protect yourself from big dropouts? I'm looking into setting up stop limit or trailing limit orders on them, but honestly I'm not that well versed on how they work. Also a little concerned on selling out and missing future gains.
Just looking for suggestions on how to mitigate risks.
Just looking for suggestions on how to mitigate risks.
6
Posted on 2/8/21 at 10:50 am to Bamajedi
I don’t think there are any easy answers to this. With big gains come high risks. Trying to time the market for me has turned out to be worse than just buying and holding.
Posted on 2/8/21 at 10:54 am to Bamajedi
Bro this is how you do it
Find a penny stock and throw your life savings into it.
Stocks only go up.
Profit
Find a penny stock and throw your life savings into it.
Stocks only go up.
Profit
Posted on 2/8/21 at 11:13 am to Bamajedi
quote:
Bamajedi
i feel you on this, the fed has pumped so much fricking money into the economy that i feel a correction will happen before the EOY or so
Posted on 2/8/21 at 11:31 am to poncho villa
quote:
Stocks only go up.
quote:
Find a penny stock and throw your life savings into it.
Stocks only go up.
Find a penny stock, pick it up. All that week it will go up.
Posted on 2/8/21 at 11:38 am to Bamajedi
Peter Lynch: “More money has been lost anticipating corrections than the corrections themselves.”
Based on your post about not having time to babysit positions, you can’t be a trader. So consider yourself an investor and don’t attempt to time market moves. There are many strategies that you could employ, most involving options - as simple as buying puts or selling covered calls, to as exotic as collars, calendars or diagonals. But I wouldn’t suggest you try those, unless you have the time to manage them and have experience in those areas.
If you’re a long term investor, and you have a well diversified portfolio with sensible portfolio and sector allocations, hold... maybe even buy dips if you’re so inclined.
GL
Based on your post about not having time to babysit positions, you can’t be a trader. So consider yourself an investor and don’t attempt to time market moves. There are many strategies that you could employ, most involving options - as simple as buying puts or selling covered calls, to as exotic as collars, calendars or diagonals. But I wouldn’t suggest you try those, unless you have the time to manage them and have experience in those areas.
If you’re a long term investor, and you have a well diversified portfolio with sensible portfolio and sector allocations, hold... maybe even buy dips if you’re so inclined.
GL
Posted on 2/8/21 at 11:41 am to Bamajedi
the best protection from volatility:
1) buy great companies
2) set buy orders to buy more on % dips
3) ignore otherwise
4) profit
1) buy great companies
2) set buy orders to buy more on % dips
3) ignore otherwise
4) profit
Posted on 2/8/21 at 12:06 pm to Bamajedi
Your heart is about to be crushed
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