Disagreed entirely.
Edit: we come from two entirely different trains of thoughts when it comes to the market.
Down but about to rebound? Only stock picks
- Thread starter morris
- Start date
Disagreed entirely.
Edit: we come from two entirely different trains of thoughts when it comes to the market.
If you look at some of the most successful investors of all time people like Buffet will tell you do the math and buy companies at discounted valuations but don’t try to time the market.
You always keep cash on hand and are prepared for things like a recession but sitting the market out entirely waiting for something you have no idea when it will happen and when it does you have no idea what the lowest point of it will be is a waste of time.
I buy most of my positions average down. I buy slowly as the stock declines I don’t put everything in cause it fell. I might buy 5 shares today and wait to see what it does over the next few days and if it continues to fall buy a few more.
The markets are unpredictable so for you to say you know the bottom of a recession or the peak of the market you must already be a billionaire with that knowledge because it would make you one at least by default.
My man... I think you have to re read my first post - where I say I am replying to a man talking about a recession, HOWEVER, the idea applies to swing trading securities.
@ bold - like in my trading view that is ridiculous... IF your averaging down more than 5%> of you original entry. No noe one can predict markets or PR's, Mr. orange talking tariffs, but don't be naive and think there is no way humanly possible for people to know general support level for an individual security.
IMG-4464
This is the weekly chart scaled out - and yes i used this to profit.
Each red line indicates a time where the security bounced off and up on the general 6.18~ support, broke underneath and tanked, or brough up through and rocketed.
You're talking about the support level of an individual security and i'm talking about the bottom of a recession. I'm not a trader because for the vast majority trading isn't profitable. I'm a long term investor who plans to buy and hold to generate an income. I view trading as gambling. There are some people that make a killing doing it but those results aren't typical. The common person views trading as something anybody can do because it doesn't have as much of a skill based barrier to entry as say being an NFL QB. To trade technically all you need is either capital or the ability to leverage capital to begin. That allure doesn't appeal to me because I know deeper down the odds are highly against me and it's far more difficult than that.
So once again we are back to what I’ve been telling you from the beginning? That my phrase was more so inclined with trading? That we stem from two entirely different view points of the market? Ok.
Edit: it’s also funny because I view long term investors as “gamblers” more so than TA’s. The reason behind my though cause with proper TA Atleast their is science behind it... with FA all ya really got is the hope that everything goes according to plan.
Tug life
I stay fly like a guillemot
I posted this is this thread before and in the boiler room but don't sleep on TVIX in a down market. They don't call it the "fear index" for nothing. As this chart shows, when the market is down TVIX is up. The move opposite but relative to each other.
Tapestry is up 30% from when I bought it close to a month ago. I always look at stuff like that and thing damn I should have bought more. I bought to milk the dividend but if it rises much higher I might have to sell.
Tug life
I stay fly like a guillemot
New stock I'm watching The Alkaline Water Company WTER.
Alkaline88®is a premier 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes. The product offers consumers the unique opportunity to purchase alkaline water in conveniently packaged 500-milliliter, 700-milliliter, 1-liter, 1.5-liter, 3-liter and 1-gallon sizes. The Alkaline Water Company Inc. is currently in the midst of a national mass-market expansion program, where the product is already available for consumer sales at a growing number of major retail locations across many parts of the United States.
They already have distribution in the largest stores like Wal-Mart,Target, 7/11, CVS and many more.
They recently announced they are making CBD infused products Yahoo is now part of Oath
Alkaline Water Co. Inc. announced that it has entered into an all-stock deal to acquire Aquahydrate, a water brand that's backed by Sean "Diddy" Combs and Mark Wahlberg. The two celebrities invested more than $20 million into the development of Aquahydrate. Yahoo is now part of Oath
I see this as undervalued trading below $2 right now. They have huge potential for growth and they are making all the right moves
Alkaline88®is a premier 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes. The product offers consumers the unique opportunity to purchase alkaline water in conveniently packaged 500-milliliter, 700-milliliter, 1-liter, 1.5-liter, 3-liter and 1-gallon sizes. The Alkaline Water Company Inc. is currently in the midst of a national mass-market expansion program, where the product is already available for consumer sales at a growing number of major retail locations across many parts of the United States.
They already have distribution in the largest stores like Wal-Mart,Target, 7/11, CVS and many more.
They recently announced they are making CBD infused products Yahoo is now part of Oath
Alkaline Water Co. Inc. announced that it has entered into an all-stock deal to acquire Aquahydrate, a water brand that's backed by Sean "Diddy" Combs and Mark Wahlberg. The two celebrities invested more than $20 million into the development of Aquahydrate. Yahoo is now part of Oath
I see this as undervalued trading below $2 right now. They have huge potential for growth and they are making all the right moves
Tug life
I stay fly like a guillemot
Damn I kinda feel bad for those of you who invested in Canntrust they just announced their licence got suspended by health Canada. Health Canada Suspends CannTrust's License To Produce, Sell CannabisI tried to warn you guys multiple times that this company was filled with red flags and their licence would get suspended. That was around $2.90 it's now $1.28 by market open it'll touch below $1. But everyone said I was wrong and it was going to $10
Ghostface Trillah
God-level poster
I tried to warn you guys multiple times that this company was filled with red flags and their licence would get suspended. That was around $2.90 it's now $1.28 by market open it'll touch below $1. But everyone said I was wrong and it was going to $10
Stop it. Stop reaching for an I told you so moment. If you understand the marijuana business then you'd know that this is actually not that serious.