05-13-2022, 04:42 AM
(05-12-2022, 05:22 AM)rayray Wrote: idk--i'd say we're not at the bottom but at this point? might as well go at it imhoI agree, as long as you avoid loading on on the same trash that bit you in the first place. I see new investors making the same mistake I did in 2000. Trying to catch the knife on stocks down 50%+ because it looks like a better deal than quality stocks down much less. Unfortunately too much of the trash never recovers or gets acquired for a small fraction of it's previous high. A long way if saying if you failed to sell spec stocks when you should have, just ignore them if you don't want to sell them now. Luckily I sold mine while profitable. Not because I am brilliant, but because I knew I paid too much and was simply scared to hold them for long.
say we go another 10 or 15% or hover in and around a certain spot for a while, accumulation is key--my experience has taught me close enough to the bottom is good enough, and it doesn't take as much as you think to turn a little money into good to great gains in time