LeafOfFaith
Well-known member
I do actually think this probably will all turn on a dime, but I don't know where/when that dime is. Doesn't feel like it's near. Literally almost every day for the past 2-3 months has been red.
Hey Nerds: Blockchain
- Thread starter zeke
- Start date
Preston
MBow30 alt account
Nothing about the last two years was sustainable. Had the best years of my life so I had to pocket as much as possible. Worst feeling in the world is giving that shit back. Granted, it's not like I sold at the exact top. Not even close really. That wasn't the goal tho.
LeafOfFaith
Well-known member
Yeah, it's a pretty bad feeling, but I have been through it before, and it's mitigated by the belief that it'll all be back.
The problem is, who has the mood, patience, or energy to fucking wait?
The problem is, who has the mood, patience, or energy to fucking wait?
Preston
MBow30 alt account
And that's always true!
I do think things got out of hand even more than usual these last two years for several reasons. But that doesn't mean we won't be back!
Preston
MBow30 alt account
Worst week for the S&P since the height of the Covid panic-fest in March 2020. And this was a 4 day week! Interesting times ahead. I will always veer towards thinking the bulls get their shit together in short order because that is the safe bet... But the question is WHEN?!?!?!
LeafOfFaith
Well-known member
I've got my optimistic thoughts on that, but when then I think about how my former optimistic thoughts are getting absolutely torn to shreds right now, I don't know what they're worth. Being a buy and hold guy is excruciatingly difficult during times like these. I do remember a few months ago having this thought of "maybe I should just sell everything", but each time my brain quickly course corrects and makes me stand pat.
UWHabs
Well-known member
Just gotta trust that the lazy strat will work in the end. I've still got a long time until retirement, so it's not the last dip I'll have to live through.
Preston
MBow30 alt account
The buy and hold strategy has been a mother fucking smashing success for the last 2 years. You crushed it. This is a minor hiccup (for now). I'll be interested if I see blood. This ain't no blood.
LeafOfFaith
Well-known member
I'm up, but compared to a month ago, compared to a week ago even, I'm being slaughtered. Feels pretty bloody to me.
I was watching CNBC earlier and those guys were saying the same thing - not seeing blood. Shit, the Nasdaq has been menstruating for weeks, big names are 50% or more off their highs. How is that not blood? Sure, they could rewind to five years ago and that would be way worse, but this feels like a huge hit for now. The only thing that actually gives me comfort is that if I had actually sold everything, I'd have been completely blown away by how much some names had dropped and would've bought back in a couple of weeks ago.
I was watching CNBC earlier and those guys were saying the same thing - not seeing blood. Shit, the Nasdaq has been menstruating for weeks, big names are 50% or more off their highs. How is that not blood? Sure, they could rewind to five years ago and that would be way worse, but this feels like a huge hit for now. The only thing that actually gives me comfort is that if I had actually sold everything, I'd have been completely blown away by how much some names had dropped and would've bought back in a couple of weeks ago.
LeafOfFaith
Well-known member
Same. I feel like I went through worse 3-4 years ago when it dipped hard and I had less of a cushion and was actually down, and that stung. But any big drop, even if it's to paper profits, is painful as fuck. Because although it's just a paper gain, you sort of consider it real and accept the minor dips along the way. A wave that washes out this much equity gives you a stark reminder that it's not a gain unless you've sold.
Preston
MBow30 alt account
Nazzy down 14% from ATH after rallying what, 150% since March 2020? And even if you ignore the covid lows it still rallied like 100% since 2020. That's... Really really really good. And this... is really really mild.
CH1
The Artist Formerly Known as chiggins.
agree 100% but there's a raging bear market in the high growth names....many are down 50% or more...lots of charts look like this...even mighty Amazon is down 25%
Attachments
LeafOfFaith
Well-known member
Yep, that was my point. These names have been crushed, and some others even worse. And they're all companies with monster earnings and relative strangleholds on their industries.agree 100% but there's a raging bear market in the high growth names....many are down 50% or more...lots of charts look like this...even mighty Amazon is down 25%
View attachment 11144
View attachment 11140View attachment 11143