Quote:
Originally Posted by beshannon
No, I am honing my shopping list but I will wait.
I do not want to hold over the weekend, too risky for me. The data is moving too fast. I would rather miss a bit off the bottom rather than catch a falling chainsaw.
Support being taken out everywhere, people are counting on a Fed rate cut which will do nothing to help. VIX closing at 37.48, I am looking for 38+ to signal a panic sell. S&P did not hold 3000, Dow down over 3000 this week. Volume is light and A/D line was only 8-1 on the down side. Not enough capitulation yet.
There is more down side IMHO.
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I bought my first stock on the 20th. I listened to wise people like you and went conservative.
If I had huge balls and didn’t have wise people in my life I’d be sitting real pretty (assuming we recover completely).
Anyway, did I do good? :)
Also, someone waaaaay smarter than me told me to go all in on VOO and not look at it for 30 years. I split between SPY and VOO with the obligatory airlines and tech on the side. I got some MGM and a ton of DIS too. Anyway, I wish I can trade all the BS stock for some more SPY and VOO and just really not look at it anymore. At least I got in at the bottom. I’m not complaining. Although that slight half point drop the first day made me learn really fast what trading is about. [emoji2957]
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