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Started By
Message
This one hurt
Posted on 9/13/22 at 5:53 pm
Posted on 9/13/22 at 5:53 pm
Just a vent post
Lost a lot today.
I’m just glad I didn’t go all in during the recent run up and still have some powder but this one hurt.
Feeling a bit gunshy so I’m just going to sit back and watch for a bit before putting any cash to work in stocks.
Lost a lot today.
I’m just glad I didn’t go all in during the recent run up and still have some powder but this one hurt.
Feeling a bit gunshy so I’m just going to sit back and watch for a bit before putting any cash to work in stocks.
21
Posted on 9/13/22 at 5:55 pm to SlidellCajun
I’d wait to see what the Fed does. Could be a +1.0 or more raise in rates. This is NOT the bottom. IMO we will test June lows. S&P was roughly 3600.
Posted on 9/13/22 at 6:00 pm to SlidellCajun
quote:
Lost a lot today.
Day trading, swing trading or investing? What’s your time horizon?
Posted on 9/13/22 at 6:25 pm to Jag_Warrior
And what’s a lot? Couple hundred couple grand. And like mentioned how did you lose? Trying to time the market, shorts what?
Posted on 9/13/22 at 6:46 pm to SlidellCajun
Posted on 9/13/22 at 6:56 pm to SlidellCajun
I could see it crashing hard in the next two years... at best floundering for the next two years.
Posted on 9/13/22 at 7:01 pm to Jag_Warrior
I invest longterm and don’t expect to cash out before 10 years.
I also have a small trading account (2.5% of total) that I use for my IBD Leaderboard stuff.
I also have a small trading account (2.5% of total) that I use for my IBD Leaderboard stuff.
This post was edited on 9/13/22 at 7:02 pm
Posted on 9/13/22 at 7:07 pm to Im4datigers
quote:
And what’s a lot? Couple hundred couple grand. And like mentioned how did you lose? Trying to time the market, shorts what?
I’d rather not use Amounts but it’s over 2.25% of all investments. Much more than a few thousand.
I haven’t seen losses like this in one day since 08
This post was edited on 9/13/22 at 7:08 pm
Posted on 9/13/22 at 7:17 pm to SlidellCajun
I’m a long time fan of Bill O’Neil’s investment philosophy. Very principled, and most importantly, disciplined.
I understand. Seeing account values take a big hit is never a pleasant feeling. But if you’re not trading and don’t have to mark to market every day, it’s really not worth getting jazzed over. And I can almost promise you that in ten years, you won’t even remember a little bit about what happened in the equity markets today.
I understand. Seeing account values take a big hit is never a pleasant feeling. But if you’re not trading and don’t have to mark to market every day, it’s really not worth getting jazzed over. And I can almost promise you that in ten years, you won’t even remember a little bit about what happened in the equity markets today.
Posted on 9/13/22 at 7:34 pm to SlidellCajun
quote:
I haven’t seen losses like this in one day since 08
I lost 50% in 2008-2009 too. But if you just stayed in you mostly ended up fine unless you full ported Lehman or something like that.
Posted on 9/13/22 at 7:41 pm to fallguy_1978
Dude my Schwab account took a 6.02% haircut today and it has all blue chippers in it (apple, Walmart, Amazon - yeah probably too much retail) but I didn’t blink. Is what it is and will bounce back tomorrow probably.
Posted on 9/13/22 at 7:49 pm to SlidellCajun
Posted on 9/13/22 at 7:54 pm to SlidellCajun
I feel you man. Biggest losing Day i have had in my 4 years of investing. On a positive note i do have some cash but question is when to deploy it? I did sell a few stocks yesterday that ran up in the last month. They tanked today so i can almost buy them again where i got them about a month ago.
Posted on 9/13/22 at 7:59 pm to FLObserver
quote:
question is when to deploy it?
nobody knows. they weren't able to guess last bottom or top. no reason to believe this time we can.
Posted on 9/13/22 at 8:06 pm to SlidellCajun
Never ever trust Huss
Inverse that man
Inverse that man
Posted on 9/13/22 at 8:48 pm to SlidellCajun
If this helps (saw your time horizon), I estimate ~20% of net worth today came from DCA through 2008 financial crisis.
Stay focuses on winning the war.
Hang in there.
Stay focuses on winning the war.
Hang in there.
Posted on 9/13/22 at 9:08 pm to SlidellCajun
$30k paper loss
30% cash gun shy
30% cash gun shy
Posted on 9/13/22 at 9:12 pm to SlidellCajun
You didn't lose anything unless you sell
Posted on 9/13/22 at 9:32 pm to SlidellCajun
quote:
Lost a lot today.
All the way back to where you were on 9/6. Perspective bro.
Posted on 9/13/22 at 9:35 pm to SlidellCajun
Unless you sold, you still own exactly what you had at the end of last week. You shouldn’t have any money in the market that you might need in the next couple of years.
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