Boiler Room: The Official Stock Market Discussion
NaijaProdigy Redux
Veteran
I've been in cash +90% of the time since mid-December. Patiently waiting for the market to show some real strength before I re-enter
Whats so funny. IMO its far more controllable to increase my income that way than this in the near future.
FreshFromATL
Self Made
Lol, he'll be back near ATH's, SMH
ahomeplateslugger
Superstar
wouldn't surprise me if it gets there. i see next support at $480 then ~$350 if it loses $480. i'll be loading up at that price for sure if it gets there.
depends on your time frame. some of these stocks will recover and recover strong. PYPL, NFLX, FB, etc. will eventually make you 50% or more on your investment if you just buy and hold right now. it might take a couple of years or longer but you have to give these companies time to cook.
moments like this is when you make money. think about the covid crash and those who panicked and sold out vs those who bought the dip. you'll be rewarded if you're patient.
My oil stocks have been treating me well over the past year, I'm still buying. Two of my oil stocks gave me a +90% return, so even if there is an oil crash I will still be fine.
Every stock is going to take a dip at some point.
I want to buy msft here, but have no idea how low it goes. 280 was posed to be huge support for it.
u do know inflation is at an historic high right now...
JetFueledThoughts
Superstar
Nothing wrong with keeping cash on the sidelines, assuming you aren’t selling massive losses.
If you’re gonna be sitting on cash, I’d recommend looking into Voyager and lumping money into USDC. Voyager offers interest, and USD gets a 9% APY, and it pays interest monthly. I put around 5k in there a few months ago, quick $40 in interest each month.
You not built for this then. This is when people make money. You take the funds you don't need short term and purchase good companies. Im looking at FB like even with its headwinds people are being irrational letting it go so low.
blues_funk_reggae
Veteran
Crazy that FB is less than $190 right now
I mean I'm really just irritated and venting. I'll most likely keep 10k fiat as usual and get in some blue chips on the low, but I need to see the teeniest bit of strength from any fukking thing now. I know you can't time a bottom but shyt just keeps dropping.
JetFueledThoughts
Superstar
Feel you. I said a few weeks back that I’d only be buying blue chips like AAPL, MSFT, KO and those are hurting right now too. Potential world war isn’t something the market is used to.
But either way, I’m still keeping and adding to that Voyager account, like @princeofhaiti said inflation is at an all-time high. 9% APY is a safer way to at least keep up w/ inflation and then some.
