Buy more stocks now or wait for bigger dip?

02-28-2020, 04:54 PM

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#91

GordonXXX
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buy in small bites.

02-28-2020, 05:11 PM

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#92

VegasLifter26
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Originally Posted By GregMathews⏩

Anyone have thoughts on the last 15 minute spike today? Short sellers covering before the weekend? I bought a little today but was holding out for where I thought it would tank either the last few minutes, or next week.

bull trap. Floor will fall out next week, down another 4-6% after Bernie gains momentum after winning Nevada

(these are my opinions i am not a licensed broker by trade)

02-28-2020, 05:19 PM

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#93

GregMathews
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Originally Posted By VegasLifter26⏩

bull trap. Floor will fall out next week, down another 4-6% after Bernie gains momentum after winning Nevada

That's what I'm thinking too, but it for sure caught me off guard. Wouldn't mind a dip next week bc I only got a tiny position today. I don't see how anything (news/etc) could quickly reverse the market at this point. I'm not the best at charts but it does look like there's some support around the 25,000 - 25,500 level

02-28-2020, 05:25 PM

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#94

RubberBandMang
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How does an investing noob learn more without drowning in information? Is there a good book / starter guide? In my mind it seems a good time to get into the stock market once you feel that things have hit bottom. REPS

02-28-2020, 05:33 PM

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#95

VegasLifter26
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Originally Posted By GregMathews⏩

That's what I'm thinking too, but it for sure caught me off guard. Wouldn't mind a dip next week bc I only got a tiny position today. I don't see how anything (news/etc) could quickly reverse the market at this point. I'm not the best at charts but it does look like there's some support around the 25,000 - 25,500 level

markets were wayyyy over bought before this. If you remember just a few weeks ago people were complaining about how much of a bubble we were in, and how the markets were artificially being propped up. Now its giving people a reason to sell off. I just dont think its finished yet

(these are my opinions i am not a licensed broker by trade)

02-28-2020, 05:37 PM

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#96

lockdev

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Originally Posted By KirkMcquest⏩

Dude, Ive been around alot longer than you. Trust me, people have your attitude until the bottom falls out and then they do a 180. The stock market crashes regularly and can take your savings with it.

This man speaks the truth.

So many young people have only seen the recent market. They forget that there were multiple times when the market took 20+ years to recover.

It's been all sunshine and rainbows for most people in their 20s. This chit isn't normal.

Back when I was growing up in the 80's, the stock market was considered high risk-high reward. Most people under 30 think of it as low risk, high reward.

Unfortunately they don't see the circus for what it is has become in recent years.

At this point, you're risking a lot for possible 7% long term returns. I'll stick with lower risk bonds.

Even with all of the dips, you'd be a fool to buy into this market right now.

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02-28-2020, 05:38 PM

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#97

nosirrahx
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Originally Posted By RubberBandMang⏩

How does an investing noob learn more without drowning in information? Is there a good book / starter guide? In my mind it seems a good time to get into the stock market once you feel that things have hit bottom. REPS

short term = gambling*

long term = all reasonable strategies are winners

*this said, there are people that make a boatload gambling intelligently

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02-28-2020, 05:51 PM

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#98

GregMathews
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Originally Posted By VegasLifter26⏩

markets were wayyyy over bought before this. If you remember just a few weeks ago people were complaining about how much of a bubble we were in, and how the markets were artificially being propped up. Now its giving people a reason to sell off. I just dont think its finished yet

I agree 100%. Wouldn't be surprised if Monday is a green by the looks of after market trading right now, who knows what will actually happen though. Good luck and good luck to all.

02-28-2020, 05:55 PM

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#99

GregMathews
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Originally Posted By RubberBandMang⏩

How does an investing noob learn more without drowning in information? Is there a good book / starter guide? In my mind it seems a good time to get into the stock market once you feel that things have hit bottom. REPS

Nobody knows where the bottom is, thats the part that makes it difficult. I'd say you'll probably need to drown in info to get a basic understanding, theres a TON of info on youtube. If you read articles focus on the facts rather than bias. Don't hope for massive gains quickly, and don't chase stocks, you can lose your a.ss VERY quickly.

02-28-2020, 09:15 PM

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#100

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As more and more us cases are confirmed, it’s going to drive uncertainty which will make for a volatile market
Unless it’s already priced in,
Don’t think it is, only 13% off the highs

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03-02-2020, 07:44 PM

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#101

BuckNakedinBama
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Originally Posted By BuckNakedinBama⏩

Buy fear and sell greed

Lots of fear right now

I would honestly expect a slight down market tomorrow with a huge plunge late into the afternoon. Like a 1500-2000 point plunge. Nobody wants to be holding the bag if this virus blows up over the weekend.

^That was about Thursday.

Originally Posted By BuckNakedinBama⏩

Seems a lot of other people had my idea to go in big this afternoon. I expected a sharp selloff into the close which I was going to buy into. Instead it "rallied." Interesting. Monday should be a moderately up day like 300-400 points.

Glad I bought in big Friday afternoon.

I sold everything at the close today.

I'm up 4% the last week lol

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03-02-2020, 08:00 PM

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#102

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Originally Posted By BuckNakedinBama⏩

Glad I bought in big Friday afternoon.

I sold everything at the close today.

I'm up 4% the last week lol

Nice

𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

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03-02-2020, 08:03 PM

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#103

swoleyo
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Lol at buying into the stock market towards the end of the longest bull run in American history. You guys sound like the real estate ass clowns towards the end of 2007.

This is how the wealthy make money. There about to do some serious consolidation of wealth when you guys buy the dip and there's another couple +1000 point burn offs

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03-02-2020, 08:07 PM

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#104

mr.left hook
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let the games begin...

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03-02-2020, 08:23 PM

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#105

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TFW when started ROTH IRA in 2017
TFW 95% stocks
TFW you realize its just number on the screen until you retire

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03-02-2020, 08:26 PM

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#106

Luc1fer

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Originally Posted By naich⏩

TFW when started ROTH IRA in 2017
TFW 95% stocks
TFW you realize its just number on the screen until you retire

All of my retirement accounts are 90-100% equities

𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

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03-03-2020, 09:32 AM

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#107

BuckNakedinBama
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Originally Posted By BuckNakedinBama⏩

^That was about Thursday.

Glad I bought in big Friday afternoon.

I sold everything at the close today.

I'm up 4% the last week lol

Glad I sold it all yesterday at close.

Am straight killing it in this market lol

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03-03-2020, 11:28 AM

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#108

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So, the fed cuts rates to boost the economy and then Powell says something stupid to make it even worse.

Jeebus.

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03-03-2020, 03:00 PM

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#109

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Originally Posted By nosirrahx⏩

short term = gambling*

long term = all reasonable strategies are winners

*this said, there are people that make a boatload gambling intelligently

Something is better than nothing. Look at a 401k if your job has one, there may even be a match. Look into an IRA. If you keep at it, by the time you retire you should at least have a decent amount.

Í̶̛̪͕̩̤̱͎̬̟͕̻̽̏͂̚͝ ̷͉̰̬̗̰̋ͅL̶͍̫̳̪̰̟̹̭̦͖͔̼̂̑͌̽́͊̉͛͠ͅO̸̢̨̩̖̣̣͚͎̱̘̲̗̰͌͜V̵̰͎̤̤̣̘̰͒̔E̷̛̹̖̭͓̰̓̇́̃̒͐̄̅͂̄̚͜͝ ̷̜̟͍̺̟̱̠̩́̉̑̑̈̆̈̏͊̀͗̉͝͝Y̵̛̬̬͇̝̭̲̬̳̎̈̿̒̈͛̈́̓͌͌̏̚͜O̴̜̻̠̥̩͋̋́̌͐̊̌͠Ų̶̧̮͋̀̅́̈́̄̃̆̑

03-04-2020, 07:21 PM

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#110

Luc1fer

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Should’ve pulled the trigger

𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

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03-04-2020, 08:01 PM

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#111

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lots of green today =)

i dont see it doing that again in the morning though

what u guys think?

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03-04-2020, 08:10 PM

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#112

BuckNakedinBama
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I think we test 25,000 again unless this virus fizzles out.

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03-04-2020, 08:13 PM

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#113

exxtracool
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Lmaoo @ anyone who didnt capitalize on this coronavirus bull****.

03-04-2020, 08:33 PM

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#114

VegasLifter26
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lol u waited too long

(these are my opinions i am not a licensed broker by trade)

03-04-2020, 09:25 PM

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#115

Baylorballs
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IN for 200 different predictions thread. at least 3 of you will be right!

2020 gonna be interdatstin for sure. Another Loony election is coming + Media running amok. Gonna be a roller coaster in the Market.

I'll stick to Real Estate!

Just trying hard to not be a fat sack-o-chit.

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03-04-2020, 09:33 PM

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#116

A-man
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Originally Posted By Nicklol⏩

lots of green today =)

i dont see it doing that again in the morning though

what u guys think?

I think it’s shorts covering + celebrating the fed/BoC dumb rate cuts.

I think the economy is on life support and the eventual large correction has just been brought closer in time as people go more in debt to buy overvalued assets (like real estate).

03-04-2020, 09:40 PM

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#117

VegasLifter26
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Originally Posted By A-man⏩

I think it’s shorts covering + celebrating the fed/BoC dumb rate cuts.

I think the economy is on life support and the eventual large correction has just been brought closer in time as people go more in debt to buy overvalued assets (like real estate).

so would you be all cash right now? the low interest rates are literally pushing everyone into equities

(these are my opinions i am not a licensed broker by trade)

03-04-2020, 09:43 PM

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#118

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Originally Posted By VegasLifter26⏩

so would you be all cash right now? the low interest rates are literally pushing everyone into equities

No I’m doing the usual 60/40 balanced diversified thing. It’s boring.

I’ve been in that portfolio for around 7-8 years and rode the debt party upwards.

I’m holding off putting new cash in though.

The reason the market is gyrating so much these days is because everyone knows the big one is coming, we just don’t know exactly when of course. There are warning signs everywhere though. Worldwide interest rates as the biggest warning sign IMO.

03-04-2020, 09:50 PM

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#119

VegasLifter26
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Originally Posted By A-man⏩

No I’m doing the usual 60/40 balanced diversified thing. It’s boring.

I’ve been in that portfolio for around 7-8 years and rode the debt party upwards.

I’m holding off putting new cash in though.

The reason the market is gyrating so much these days is because everyone knows the big one is coming, we just don’t know exactly when of course. There are warning signs everywhere though. Worldwide interest rates as the biggest warning sign IMO.

yep im 50/50 right now...still wondering what to do