05-10-2021, 06:28 PM
(This post was last modified: 05-10-2021, 06:28 PM by ken-do-nim.)
About a month ago, the sky was falling for 2 days, and many of my ETFs went down past my trigger point. I sold NAIL, which turned out to be a huge mistake. The problem is that the fundamentals were sound; people are building new homes and making home improvements at a high rate. Sure enough, NAIL recovered quickly afterwards (which I capitalized on in the ROTH). With Apple, Microsoft, BroadCom, and the other chip stocks, I maintain that the fundamentals are sound; demand for chips is off the charts, phones are selling, etc. So I decided to stay my ground and endure the drawdown today.
The weird thing is that for most of the day, I was down just a $1000 or so, because I'm pretty diversified at this point. But somewhere after 3 pm the sky fell and I ended up down over $9000 at close. Nervous about tomorrow. But you know, I looked back at 2020. I had a terrific year, but I had 4 down months. Whole months, not weeks.
The weird thing is that for most of the day, I was down just a $1000 or so, because I'm pretty diversified at this point. But somewhere after 3 pm the sky fell and I ended up down over $9000 at close. Nervous about tomorrow. But you know, I looked back at 2020. I had a terrific year, but I had 4 down months. Whole months, not weeks.