Boiler Room: The Official Stock Market Discussion

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Just checked to see my premarket paper losses

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ahomeplateslugger

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Think its time for me to jump into stocks tried earlier this year when Ww3 was poppig off lol bought some gas stocks but had to dump them asap so made no profit. I have 30k thats been sittning in a online account collecting dust

It's been said already but don't catch a falling knife. Oil can drop to $20 causing bigger drops in the market. There's a good chance we have another leg down.
 

winb83

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It's been said already but don't catch a falling knife. Oil can drop to $20 causing bigger drops in the market. There's a good chance we have another leg down.
This is why you buy very slowly over time. I'll buy 2-3 shares then see what happens tomorrow and buy 2-3 more. It could get worse or it could get better. You just can't know the bottom so you average in very slowly and if the market shoots up take the profits if you didn't get the position built out fully and move on.
 
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