Originally Posted by scho63:
This market is getting stupid scary.
P/E levels of 100, 200, 500 and TSLA over 1500
Something's gotta give.
Feels like very big correction or crash is near. Hope I'm wrong
It's important to put in some stop loss orders to protect yourself in this type of environment. It will also give you some nice cash for buying deals when the correction happens. All that being said, I too hope you're wrong, but I doubt it. [Reply]
The stock market is the only game in town. Even if there's a big sell off as long as interest is so low the market will come right back. The sad part is that there's no place for savers. That's my take on it. [Reply]
Originally Posted by philfree:
The stock market is the only game in town. Even if there's a big sell off as long as interest is so low the market will come right back. The sad part is that there's no place for savers. That's my take on it.
I have a boat anchor of a bank stock (FITB) that I’ve been carrying around for way too long with the misplaced hope it would finally get back to a level where I could break even. Over the past couple of weeks it’s made a nice run and I can now walk away not only whole but up $44k. I am glad to be free of it. The good/bad is that the payment will be via check and take a week or so to get to me. I think I am going to sit on the cash and wait for a good correction before buying something else. [Reply]
Originally Posted by KCUnited:
Talk to me about buying strategy.
Say you've grabbed a position in a stock using the funds available to you at the time. The stock has done well and seems to be rising. As more funds become available to you, do you a) keep purchasing the stock at the market price? b) hold the funds and set a limit order at a lower price and wait for a dip? or c) look for other opportunities with a different stock?
Also, do you have a max number of shares you strive to get to in something before you move on to a different stock?
My scenario is specific to making funds available with each pay period, every 2 weeks in my case, and I'm a little fuzzy on how to allocate after my initial (larger) purchase.
I mess around with different strategies all the time, and haven't found one that works in all weather. I had a good one a while back for a sideways stock market, but it does not work well in a market like we had last year.
I'm mostly a buy and hold guy in the big picture because I want to understand the stocks and how they move. But recently I've been chasing momentum. I look at the stocks in my portfolio that are down each day, and if one of them has been positive over the last X months, I'll buy a smidge more of it. Maybe a 1 percent add. I do that every couple of days since I've been sitting on some cash for a while.
I'll say too that having the "reinvest dividends" button on has worked well this past year. The computer bravely invested my cash payouts during the months when I was afraid to do so. [Reply]
Originally Posted by Rain Man:
I mess around with different strategies all the time, and haven't found one that works in all weather. I had a good one a while back for a sideways stock market, but it does not work well in a market like we had last year.
I'm mostly a buy and hold guy in the big picture because I want to understand the stocks and how they move. But recently I've been chasing momentum. I look at the stocks in my portfolio that are down each day, and if one of them has been positive over the last X months, I'll buy a smidge more of it. Maybe a 1 percent add. I do that every couple of days since I've been sitting on some cash for a while.
I'll say too that having the "reinvest dividends" button on has worked well this past year. The computer bravely invested my cash payouts during the months when I was afraid to do so.
Originally Posted by Buehler445:
The EV thing feels a lot like the .com bubble.
Even so much as total frauds (NKLA) getting run.
But NKLA is out so maybe we've learned.
I wouldn't own it, but it wouldn't surprise me if even NKLA get's back on track. They're bringing in experienced leadership (so I've read), that knows how to damage control what they've gone through. [Reply]