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02-02-2018, 02:38 PM | #1681 |
Champion Golfer Of The Year
Join Date: Aug 2001
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That's my take. The mental side of debt has always been the toughest part for me. Once I got a handle on it, and eliminated it, I could breathe. For some reason, that's just how I'm wired.
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Posts: 35,469
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02-02-2018, 02:52 PM | #1682 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Buehler’s response is a perfect example. Those scared of Trump who moved money, lost 20%+ gains easily. Quote:
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Posts: 46,147
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02-05-2018, 12:46 PM | #1683 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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It's weeks like this where I really wish I could time the market. I've had a lot of money evaporate over the past few days.
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Posts: 143,188
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02-05-2018, 01:13 PM | #1684 |
MVP
Join Date: Jan 2007
Location: Missouri
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Posts: 8,703
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02-05-2018, 01:31 PM | #1685 |
Fish are scared of me
Join Date: Nov 2001
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I put stop losses on my whole porfolio and half of them have hit.
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Posts: 40,647
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02-05-2018, 01:45 PM | #1686 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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I guess I'm kind of lucky because my cash position has been high (15+ percent cash), just because I wasn't finding stuff I wanted to buy. I've been buying a little each day, so hopefully it'll come back quickly.
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Posts: 143,188
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02-05-2018, 02:10 PM | #1687 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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I started typing a post that we'd given up almost the entire years gains. We were down to .40% YTD. Got distracted for 15 minutes or so and looked again and it's dropped off a ton more; were now - .38 for the year
edit: that was crazy. I wonder if some banks algo went haywire. At 3 PM EST the market fell off a cliff then corrected back just minutes later. Last edited by ChiliConCarnage; 02-05-2018 at 02:30 PM.. |
Posts: 6,458
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02-05-2018, 02:14 PM | #1688 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Quick question. If a person was to break open his fifth floor window and jump, would it kill him or just maim him?
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Posts: 143,188
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02-05-2018, 02:40 PM | #1689 |
Starter
Join Date: Jan 2013
Location: Littleton, CO
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Maybe you'll get it right someday, best of luck. I'm only in mutual funds, American and Putnam, so if I want to move from aggressive equity funds to bond funds there is no fee. I was thinking there would be a correction, took five weeks into the year. There will be a rebound coming up, but I'm still expecting a bear or at least flat equity market through this year. Bond funds are yahhhhh.
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Posts: 248
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02-05-2018, 02:59 PM | #1690 |
Supporter
Join Date: Aug 2000
Location: Utopia
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Investing is a lot like driving in a demolition derby. You put in the work, earn extra money and spend it on something fun that could/should result in a return if you're skilled and have good luck.
Then you log into your accounts, hear the count down and back up and smash into something hard. you pull forward and back into a sorry dodge dart that is stuck on the rail, making some impact and a slight display for the crown for a while, feel a rush of adrenaline. You spin mud as you round the corner through the smoke of the wreckage of the cryptocurrency chevrolet that is smashed into the bitcoin buick...you put your foot down and spin mud as you blaze through the fog and smoke just in time to find yourself blindsided in the drivers door. Your seatbelt breaks and as your body catapults across the cab into the collision with the drivers door, you see the battery sparking. Now, I'm trying to stay composed as Ricky "rainman" Bobby is running around on the track in his underwear screaming about being on fire, even though he's not.... Today, I'm sitting back up in the driver seat, I wiggled the positive cable on the battery cut into the seat, and even through the noise I can hear the starter turning and hoping the carb isn't flooding. I'll try to tie the seatbelt together and if this fires back up, I've still got a strong motor and the radiator is in tact. My biggest fight right now is the urge to put money in and buy into my same stocks at the discount rate. |
Posts: 62,362
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02-05-2018, 03:02 PM | #1691 |
Fish are scared of me
Join Date: Nov 2001
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Bought 8 shares Amazon 2 minutes before the close.
Edit : And lost $70 in the last 2 minutes .LOLOL ****! |
Posts: 40,647
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02-05-2018, 03:07 PM | #1692 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Posts: 143,188
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02-05-2018, 03:10 PM | #1693 | |
MVP
Join Date: May 2001
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Quote:
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Posts: 18,234
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02-05-2018, 03:23 PM | #1694 |
Fish are scared of me
Join Date: Nov 2001
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Started the day with a 12 stock portfolio . 8 stop losses triggered. Down to 4 stocks and then added AMZN so now 5.
The only stock that was green for me today was a friggin Marijuana stock ACBFF. Go figure. |
Posts: 40,647
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02-05-2018, 03:28 PM | #1695 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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Watching people shit themselves over a 5% drop in a market that's up 25% in the last year provides a great window into why roughly 90% of day traders lose money.
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Posts: 13,767
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