03-14-2020, 08:51 AM
(03-13-2020, 09:51 PM)crimsonghost747 Wrote: Damn, you guys have been busy.Sounds like you are having some great adventures. The top of a volvano might be a safe place to hangout. And you can always jump if the market drops to 1000 or something crazy.
I've been riding out this armageddon on a paradise island. It's been a blast: sea, sun, +1200m elevation hike to the top of a volcano, cheap beer, good food. Not a worry in the world!
Unfortunately there are a million things going on with my life at the moment so I haven't had much time to keep up with the market properly. Thankfully I now have the weekend to sort out what I've actually done and what I should do next week haha.
Also did something for the first time ever with stocks: I bought with a mobile app. I didn't have my laptop so I had to improvise! It's a pain but hey, I managed to add to RTN, TD, BIP and HON on Thursday.
Dividend Dragon asked about buy levels.
For me, I look at the S&P500.
My plan says to make additional purchases when the S&P500 is trading around
2750
2600
2500
2425
2350
2000
I'm not actually sure if I got all of the 2600 level money in, I know I didn't get any of the 2500.
So here is to hoping we go all the way to 2000!
No doubt a good thing you couldn't trade and missed some of the free fall. The will bottom weeks before sentiment turns like always. The best buying days may be in the next few weeks? Some of the very best values will get noticed soon and the individual stocks will finally find some support, whether the index does or not.
One bit if advice.... the volatility is historic. On the days the stock futures limit down and a horrendous open is coming, low ball limit buy orders have been effective. You can see the ridiculous pre-market bid/ask. Fools are panicking and punching in market sell orders and getting crushed at the open on high quality stocks, then the stock rebounds in five or ten minutes. They actually had all day to get out without losing an extra 5%+ at the open. It happens so fast and you have to have orders entered pre-market. You can always try to jump in and adjust them up to get your shares if you miss the spike down, and be no worse off. It's highly likely we get another one of those days this week after Friday's short squeeze.