I knew I shoulda bought a put on this s***
STOCK TRADING 101 IT ALWAYS DOES THE OPPOSITE OF WHAT U THINK
this fax
bought another share of berkshire.b.
I trust Warren Buffet's moves after this madness dies down, especially with that massive stockpile of cash.
i get what you're saying, but using the limit buy thing dosent actually provide any kind of advantage over simply buying in bulk a bunch of stocks once the market has reached some kind of bottom
that's my plan. keep it simple. im waiting until i feel comfortable that things have bottomed out, then i'm putting in all the money i can and leaving it for a year or two
if you time it better this way, you're actually making superior returns also, because you have bought more stocks at the lowest price possible. of course it really all comes down to your timing
your strategy requires constant daily checking of prices and fluctuations which = stress. you can't time the bottom no one can. by setting price points to jump in at that match your goals you're taking the stress off yourself from having to check prices daily and cost averaging so even with fluctuations if your orders get filled, you are doing good. in theory your idea is making superior returns but it happens all the time where people are convinced a specific day they are living is "the bottom" put in all their eggs at this point, and it goes to drop even further making them have no more money to put in to average out their entry point cost and waiting anxiously for the price to return to their entry point. so many people fell victim to this from Feb 20-28. Check the dow or big stocks during this week thinking this was "the bottom" putting all their eggs in at this point and now they're freaking the f out. wish you the best bro
your strategy requires constant daily checking of prices and fluctuations which = stress. you can't time the bottom no one can. by setting price points to jump in at that match your goals you're taking the stress off yourself from having to check prices daily and cost averaging so even with fluctuations if your orders get filled, you are doing good. in theory your idea is making superior returns but it happens all the time where people are convinced a specific day they are living is "the bottom" put in all their eggs at this point, and it goes to drop even further making them have no more money to put in to average out their entry point cost and waiting anxiously for the price to return to their entry point. so many people fell victim to this from Feb 20-28. Check the dow or big stocks during this week thinking this was "the bottom" putting all their eggs in at this point and now they're freaking the f out. wish you the best bro
ya i mean, stock trading is risky. i am enjoying watchign the markets tho because you learn a bit about how it reacts to different news that comes out. my plan is to go all in on maybe 5 different stocks in a month or so even if it ain't bottomed out by then, i doubt it will have much farther to go. i think many stocks have already bottomed out, like oil for example. they climed like 40% recently
Dumbasses hold to next week when the Fed Injection + Federal Airline bailout hit it's gonna shoot back up f***ing
good luck everyone to each their own with strategies. hope i could ingest some useful insight in here anyone who was interested in my 2 cents. just know that false rallies are common at the beginning of bear markets and this for sure isnt the bottom. stay at homes now extended to may 20 in some places and will likely extend further. whole industries will be able to generate 0 revenue these next few months/quarters. eventually valuations will catch up to balance sheets and we will see extreme drop off even further. don't try to time a bottom going all in at a single point, safe way to go about this whole thing is dollar cost average on the way down.
Hahahhahaha f***y ou it hit 34
so you're in the money for rn? Don't you need it to be lot higher
That might be the only gain you get bro, market seems like it's gonna plunge again
JP Morgan's Dimon came out saying he thinks the recession is gonna be worse than 2008 yesterday. I think their theres gonna be a delayed reaction to that realization this week.