Tips for surviving a correction

[vbin]

(03-13-2020, 09:06 AM)kblake Wrote:

(03-13-2020, 08:58 AM)vbin Wrote: Wherever I am making money and some suckers, I am selling. Not scared but this is the moment to sit on cash. This is gonna get worse. Bears don't end in a day.

I did the same thing this pre-market. I sold all the stuff I bought the last few days. Saving the cash of better entries. I was only down 1% not a big deal. SOLD all my oil and still made a few bucks on those trades.

The market should have never been up 1200 points this morning. You have no sports, businesses are closing, no airlines flying ect ect. This is not going away in the next 30 days. Just imagine all the loses that are going to take place across the board. I may be able to buy DAL under $20 and APPL under $200, V at $100. There is no rush to buy anything yet. I made the mistake of buying too soon but it didn't cost me much lol. I'm walking away and coming back in 2 weeks   No one can time the market, we know that. But buying now is not a good idea. CASH IS KING !!

Yeah, I closed a few suckers I started few weeks back, including DFS. If it continues I will pickup at lower prices, specifically if further interest cut comes.