Author Topic: Stocks  (Read 448882 times)

Offline EliJelly

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Re: Stocks
« Reply #3960 on: March 13, 2020, 10:10:28 AM »
Good thing no one has been following your thoughts.  ;)
Well, I'm happy the markets did. Same trend for Monday-Tuesday & Thursday-Friday, an overreacted plummet requires a correction.

Offline CountValentine

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Re: Stocks
« Reply #3961 on: March 13, 2020, 10:57:34 AM »
Well, I'm happy the markets did. Same trend for Monday-Tuesday & Thursday-Friday, an overreacted plummet requires a correction.
The markets did what? Shall will list all your posts since the market started to crash?
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Online ExGingi

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Re: Stocks
« Reply #3962 on: March 13, 2020, 11:04:52 AM »
Well, I'm happy the markets did. Same trend for Monday-Tuesday & Thursday-Friday, an overreacted plummet requires a correction.
Well, on 5%+ day moves it might make sense to take a loss- protected contrarian move at the close. Requires guts.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline good sam

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Re: Stocks
« Reply #3963 on: March 13, 2020, 11:14:24 AM »
That's true in all aspects of life.

That being said, could you kindly explain how "being in it for the long run" works with the risk/reward potential of stocks at this point?

To make the point about the risk/reward profile at this point, I heard someone pointing out this morning that unlike Tariffs, Brexit, and other risks that the market faced in the past year or two, which had some kind of a defined resolution one way or the other, with COVID-19 there are simply too many unknown risks out there. IMHO the prudent thing to do is to stay on the sidelines. If one has some losses, holding onto them in hopes of recovering might end up in a painful lesson. Regardless of the current COVID-19 risk, the market was in place for a correction. If you read John Hussman's market commentary you will find that the reward profile for many assets over the next 10 years is extremely low.
This was good advice!

Crazy how my mindset was so different then than it is today
If you don't care why would you comment?
HT: DMYD

Offline EliJelly

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Re: Stocks
« Reply #3964 on: March 13, 2020, 12:22:56 PM »
Well, on 5%+ day moves it might make sense to take a loss- protected contrarian move at the close. Requires guts.
Of course. When Delta is down 21.5% in a day it's a no brainier, follow the trends.

Offline EliJelly

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Re: Stocks
« Reply #3965 on: March 13, 2020, 12:27:11 PM »
The markets did what? Shall will list all your posts since the market started to crash?
::) ::) ::)
אדרבה, pull up my posts, I'm only working under one username on the forums :P

Dropped crazy Monday, corrected slightly Tuesday, same for Thursday- Friday.


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Re: Stocks
« Reply #3966 on: March 13, 2020, 12:34:35 PM »
::) ::) ::)
אדרבה, pull up my posts, I'm only working under one username on the forums :P

Dropped crazy Monday, corrected slightly Tuesday, same for Thursday- Friday.

Friday isn't over yet.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline CountValentine

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Re: Stocks
« Reply #3967 on: March 13, 2020, 12:39:55 PM »
::) ::) ::)
אדרבה, pull up my posts, I'm only working under one username on the forums :P

Dropped crazy Monday, corrected slightly Tuesday, same for Thursday- Friday.
You left out Wed, why? That didn't fit your crystal ball?  :)
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline EliJelly

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Re: Stocks
« Reply #3968 on: March 13, 2020, 12:40:36 PM »
Friday isn't over yet.
Right, was better in the morning, no need to wait for the close. A lot of bloodbaths still ahead, not worth being stuck there.

Offline EliJelly

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Re: Stocks
« Reply #3969 on: March 13, 2020, 12:42:45 PM »
You left out Wed, why? That didn't fit your crystal ball?  :)
Because I sold Tuesday, markets heading down. Please read my posts again.

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Re: Stocks
« Reply #3970 on: March 13, 2020, 12:51:36 PM »
Right, was better in the morning, no need to wait for the close. A lot of bloodbaths still ahead, not worth being stuck there.

Which is why I am willing to take the risk at the close of 4%+ up days, since I see a lot more downside risk than upside potential, but betting on a rebound after a massive selloff - that's another story. Going into a weekend... well - cash is king.

Interestingly, I cannot find a way to place a Market-on-Close order with Schwab. Super easy with Fidelity, very easy with TD Ameritrade ThinkOrSwim platform, somewhat easy with E*Trade and with TD Ameritrade website.
« Last Edit: March 13, 2020, 01:13:01 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
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Offline EliJelly

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Re: Stocks
« Reply #3971 on: March 13, 2020, 01:15:50 PM »
Which is why I am willing to take the risk at the close of 4%+ up days, since I see a lot more downside risk than upside potential, but betting on a rebound after a massive selloff - that's another story. Going into a weekend... well - cash is king.

Interestingly, I cannot find a way to place a Market-on-Close order with Schwab. Super easy with Fidelity, very easy with TD Ameritrade ThinkOrSwim platform, somewhat easy with E*Trade and with TD Ameritrade website.
No "Time in force- On close" option there??

Offline CountValentine

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Re: Stocks
« Reply #3972 on: March 13, 2020, 01:46:56 PM »
Because I sold Tuesday, markets heading down. Please read my posts again.
You said a bounce back after a down day. Wed's don't count? Only when down days are on Mon or Thu?
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline EliJelly

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Re: Stocks
« Reply #3973 on: March 13, 2020, 02:05:59 PM »
You said a bounce back after a down day. Wed's don't count? Only when down days are on Mon or Thu?
an overreacted plummet requires a correction.
Is what I said.

Offline CountValentine

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Re: Stocks
« Reply #3974 on: March 13, 2020, 02:19:27 PM »
Is what I said.
What is an overreacted plummet? 100, 500, 1000 or 2k points or more? The market reacted by going into bear territory. Was that an overreaction or overdue?
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch