[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 111 KB, 550x308, red.jpg [View same] [iqdb] [saucenao] [google]
19496735 No.19496735 [Reply] [Original]

>May 13th
>Absolutely convinced that we are at the top of the second leg down, so sell everything
>June 3rd, missed out on 60% on the stocks I was holding, plus the calls I sold went up 300%
>So convinced the second leg down would happen that I didn't put a penny back in, and now there are no entry points

Where did I fuck up? Was it sticking to my personal biases for too long? For example, I saw companies with nearly zero revenue for at least 8 months this year recover to within 10% of their old all time highs, and I said this market is OVERPRICED.

Any advice from those of you who made a killing during this crash would be appreciated.

>> No.19496764

>>19496735
The markets are a mechanism for transferring money from the impatient to the patient. Sit tight buddy, you might still make it

>> No.19496783
File: 609 KB, 667x567, e1m1.png [View same] [iqdb] [saucenao] [google]
19496783

>>19496764
>The markets are a mechanism for transferring money from the impatient to the patient.

>> No.19496792
File: 17 KB, 520x362, DJIA.png [View same] [iqdb] [saucenao] [google]
19496792

>>19496735
And now, just as you are about to admit defeat, accept the mantra that "stocks only go up," and finally enter...they will flip the switch and dump it to hell.

>> No.19496803

>>19496735

it's not too late to enter, just find the stocks that are still at their lowest points

>> No.19496813

>>19496735
>selling at the start of a 28 year bull run
You should go back to r*ddit.com

>> No.19496821

>>19496735
People are buying based on the future not the present. Take cruise lines, they are still shut down, but the stock is going up. Because everyone knows as soon as they announce they are reopening the stock will rocket up 100%, people are buying in anticipation of that announcement. Now that they know the companies have enough capital to make it through and not go bankrupt there is no reason not to buy and double your money.

>> No.19497228

>>19496803
any recommendations?

>> No.19497265

>>19496821
+Airlines

>> No.19497272

>>19496821
You are retarded. In the future most companies will have way more debt and a lot of asset depreciation (both short and long term). Even if everything goes back to normal it will take years for them to be worth as much as 4 months ago yet stock prices are back to last year's level.

There is obviously a bubble right now but as always it may take a while to pop.

>> No.19497480

>>19496735
Dollar cost average and set a trigger to buy if it drops within target ranges

>> No.19497505

>>19497228

Check the graphs before investing in any i recommend
I would look at RTX they are undervalued after their merger, a slow burner but increasing every day.

OIl is going to make a big comeback, find some small ones like MUR (Murphy Oil Corp) Still only halfway back to recovery

Remember if a second wave of the virus hits all this goes flat

>> No.19497520
File: 14 KB, 300x229, BabyGonzo.jpg [View same] [iqdb] [saucenao] [google]
19497520

>>19496735
Divfren here, buy and hold stocks long term. don't try to time the market and put extra money into the market (if you have it) during the dips.

>> No.19497590

>>19496735
just become a day trade Chad and dab on all the longtermers with pictures of Daddy Buffet on the wall