guys.......stock market........

[aerius]

If you want to trade the shit out these markets have at it, this is the best market action I've seen since 2008-2009.
If you're looking to invest in these markets you're out of your fucking mind.
If you don't know the difference, you're gonna lose everything you have.

 

[GSP_37]

After today, more or less bounced back to what I paid the other day.

 

[aerius]

IMO we got a big bounce up today to recoup some losses from a historical day yesterday. I don't see the upward trend continuing and I don't think you missed the bottom. Even if you did you can still get in. Personally I'm waiting as I'm not willing to jump into it with 10% losses one day followed by 8% gains the next. I'll likely keep what I have in the market with a trailing stop on one of my individual stocks I'm way up on. But I'm holding my cash for now. IMO there is no need to react emotionally to 1 bad day or 1 good day. I see too much public fear at this point to support a strong market. People are scared.

Keep in mind I don't really read charts and don't know much about the market. I am just looking from a logical perspective, a historical perspective, and what my risk tolerance is.

Lessons from the past
https://www.zerohedge.com/markets/last-time-happened-was-october-1929

Lots of folks are going to get sucked in trying to make their losses back during the rebounds, only to get crushed on the next leg down. This is how capital gets destroyed.

 

[TankAbbott]

 

[TeTe]

Lessons from the past
https://www.zerohedge.com/markets/last-time-happened-was-october-1929

Lots of folks are going to get sucked in trying to make their losses back during the rebounds, only to get crushed on the next leg down. This is how capital gets destroyed.

Dollar cost averaging worked out pretty well six years ago. Damn, can't believe it's been six years already.

 

[PBAC]

How did this work out btw?

 

[Fedorgasm]

How did this work out btw?

I mean, if you threw a bunch of money into SPY when Danger Dave made this thread, then you made a shit load of money.

I know he got shit on a lot but he was right about this.

 

[Versez]

I mean, if you threw a bunch of money into SPY when Danger Dave made this thread, then you made a shit load of money.

I know he got shit on a lot but he was right about this.

I remember he once posted a thread of him having got beat up at a Walmart parking lot. That was quite something lol

 

[Ghost of LBL]

The people who build actual wealth aren’t the ones refreshing the tickers and trying to time the bottom. You invest consistently regardless of what the market is doing, and you let compounding do what it does.

 

[BoogerDawson]

Time in the market beats timing the market. I've been switching more to the Boglehead way of investing, low cost index funds such a total US market and a total international market in roughly 60/40 percentages. I'll add some bonds or fixed income closer to retirement.