/biz/ - Business & Finance

[Anonymous No.18027487]

I told myself 2 weeks ago that I would start buying stocks when the Trump Election Day DOW level of 18,300 was breached. Now im hesitant because this does not look like a bottom

[Anonymous No.18027513]

the bottom never looks like the bottom at the time

[Anonymous No.18027537]

>>18027487
Buy some now and buy some later if it drops more. Don't try to predict the bottom or you will miss it

[Anonymous No.18027538]

17500. Screencap this.

[Anonymous No.18027584]

average dollar cost into stocks NOW.

Example: If you have $10k and want to buy BA, use 3k now, 3k next week, and 4k the next

[Anonymous No.18027678]

>>18027513
What positive news has there been?
Has there been any change in sentiment toward the virus?
Has there been a reversal of any sorts?
Are jobs returning to the people, and unemployment numbers retreating?
Have any developments been done in raw statistics that show less people are being infected opposed to more?
Has Trump figured out that he's actually supposed to be a president and not a snakeoil salesman?

>the bottom never looks like the bottom at the time
anything?

[Anonymous No.18027703]

chicken shits like you always miss out waiting on the bottom too. literally bullish.

[Anonymous No.18027748]

>>18027678
This. Everyone’s trying to catch the return to normal pump convincing themselves that the major violent dump we just had is a somehow healthy market movements

[Anonymous No.18027776]

>>18027487
The "pricing in" sure happened pretty sharply.
>>18027537
Unless you think either
a) the full impact of the coronavirus is priced in already
b) they're gonna discover a vaccine tomorrow
how could this be anywhere near the bottom

[Anonymous No.18027859]

>>18027487
just buy the dip bro

[Anonymous No.18027908]

>>18027776
You are assuming the market is acting rationally right now. Bulls believe they've oversold and "priced in" more chaos than will actually happen. Personally I think we are approaching a bottom, but not there yet. I think around 16k.

This board has atracted a lot of /pol/ doomer fags. Once Italy starts flattening, the world will begin to calm down.

[Anonymous No.18027950]

>>18027678
The question is, while you're waiting for positive news, what if unexpected extremely positive news comes out and immediately markets jump up 7% and go above your 18,300 target? That's why you should put at least some % in on the basis of your price target, and reserve some % more and re-assess your targets in case there are further drops.

[Anonymous No.18027977]

bottom is 5k

[Anonymous No.18028021]

NYC zombie apocalypse when ?

[Anonymous No.18028190]

>>18027908
By the time Italy stabilizes, wiermerica will be exploding.

[Anonymous No.18028261]

>>18027487
Timing the bottom to the degree of specificity you seem to be hoping for is impossible. Even in swing trading where you are timing the market to a degree, you won't buy the exact bottom nor will you sell the exact top. A garden variety buy signal off a sharp decline like this typically forms at least 5-10% ABOVE the bottom. Goal for swing trading is to capture 50%-80% of the rising trend, somewhere around there. This works because, by waiting for confirmation price action on your TA you create a high percentage chance to profit. You do that over and over and over you can beat the market most of the time and be well defended against sharp drawdowns and crashes.

If you want to long hold, start averaging in now. Put in more once a month.

[Anonymous No.18028302]

>>18027487
DCA in

[Anonymous No.18028556]

>>18027487
if u made a plan then you should stick to it

[Anonymous No.18028593]

>>18027487
you made a plan. stop being emotional

stick to it pussy

im starting to buy now as well

[Anonymous No.18028643]

>>18028593
>follow an uninformed plan blindly, don't adapt to new information

great advice

[Mr munkus No.18028689]

Honestly, I wouldn't even consider going long on stocks till the dow reaches 10k, seriously you guys are going to lose the shirts on your backs