This society is so setup so that only the rich can succeed. Let the market be free. This is not capitalism.
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- Thread starter SoapyCy
- Start date
Maybe once all the really bad numbers start coming out. Heck I don't know. I guess I am glad I at least partially bought in. Over the long haul buying a few weeks ago vs now probably won't matter that much.
i was day trading a bit too much during the ups and downs and am now significantly under where i was to start the year. i think next week i'll close most of my positions and go back to a simple four fund portfolio that worked for me for 10 years.
You just absolutely hate to make money off this gem, don't you? Glad to see my "opposite Argent advice" investment approach continues to pay off in spades.
What people don't realize about Tesla stock is no one buys it because Tesla is a good company. They buy into some Utopia in the never-disclosed future where Tesla runs the world. It's trades at 400x earnings, doesn't make a profit, it's CEO is under investigation, etc., Yet the mindset is "Never sell, were going to the moon!"
It's hard to trade a stock when the people you're trading against are irrational. And lucky for the irrational ones, it worked out in their favor.
A big part will depend on what more the government does to help people and will also depend on if they can get jobs when things are better. There are a lot better avenues now for loan modifications as a result of the last crisis but that is dependent on them being employed again.
It certainly does. And that's all you need to know to trade the stock market. Fear and greed. EXCEPT you have to be able to do the opposite, buy when everyone is hiding under their desks and then sell when they are partying like there is no end. It leads to the same patterns over and over again.
Actually it's been a great indicator stock for me. I haven't traded it but it lets me know how all these new retail investors (especially millennials) are thinking. Anyone who is buying this thing at... $757 / share is a sucker. But I moved a lot of money into the markets when it hit below $400. And I've been selling now for about a week. It will head below $200 again.
The stock market doesn’t give a crap about the current state of the economy. It’s all about predicting the future.
That was odd, I had sold some apple stock near the open and was hoping that it would stay in that mid 270s range and I figured I'd buy it back. Made a decent profit so I won't complain, but was getting greedy.
I had bought some hilton shares yesterday. I have 500 bucks in there that I will just play with, I sold that early also for enough to buy supper tonight but could have picked up most of the weekend meals had I let it ride until end of the day.
