(04-07-2020, 07:20 AM)fenders53 Wrote:(04-06-2020, 04:03 PM)divmenow Wrote: Ha the shorts got killed today!!! There getting a little nervous on that side... huh lol
We shall see if they scramble tomorrow or it’s back to them in charge again. It’s going to be an interesting day tomorrow.
I've come around to the idea of hedging my port, but outright shorting or pure cash has always scared me. It's way too easy to get your face ripped off if you short so much that you are forced to cover in just a few days. Too many of them use margin. There is no rational reason for the market to run this hard right now, but the market is irrational so often. Who knows if it will last, but we are possibly looking at up 2500 DOW pts in two days or less, the second time it's done this in about three weeks.
So what to do? My equity % is where I want it for the long run right now. Probably a little too high for my age. A couple stocks I wished I had bought weeks ago but I have to fight the FOMO. It's possible we've seen the lows, but straight back up seems impossible with the earnings we know are coming. I will probably trim just a little more so I have a little more cash. Moving slow has been a good plan.
That’s the problem. When you hold all that cash sometimes it’s bad decision because it’s hard to get back in. But it’s also not a bad idea to buy on the way back up then on the way down. The market volatility is still way too high. We haven’t seen the bottom yet. I won’t believe it until we have those up 20 down 20 days. When we the last time we saw that kind of day lol. There’s still a ton of great buys out there even with the recent 2 day run. HD back over $200 wow!!