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LeafOfFaith said:
Did you also have the foresight to sell out at the top?

In my wildest dreams, I would've never expected a drop like this.
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LeafOfFaith said:
Did you also have the foresight to sell out at the top?

In my wildest dreams, I would've never expected a drop like this.
Click to expand...

negative

I did raise some cash tho, and still haven't deployed it

Earlier I was talking about my trading account, which I've ignored as other projects have tied me up, but I ventured in today...these recent massive intraday moves provide a lot of opportunity. And though I usually love the bear side, all my $$ today was made playing bounces.
 
this week will be super cray --- tons of earnings....plus interest rate decision from Pow Pow
 
LeafOfFaith said:
Some of them didn't. Some of them are bringing in billions a quarter and growing during one of the toughest times in human history.
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If we're talking purely fundamentals, the market has never been this overvalued at any point in history. But ultimately the stock market doesn't need a "reason" to do anything. It's largely cyclical and psychological and runs on emotions.
 
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The indexes are still solid over the last year

S&P is up 12.8%
Nasdaq is still up about 1000 points over last year's Jan lows
Dow is still up 9% over last January

There had to be a violent tree shake at some point, and pricing in a war with Russia is probably a good excuse to do so.
 
it's always been emotions...the numbers are just some bs excuse to back up them feelings

don't let the market Zeke you
 
If it weren't based on emotions I'd be a lot more worried! Because if we start trading at historic multiples we're all gonna die really soon!
 
If zeke means depress, too late.

If it means deceive, then nah, the rules haven't changed. It's just what a perma-hold has to endure, unfortunately.
 
The comfort that you get from the big flashy revenue numbers that you see = emotions driving your decisions to hold. Which is good and smart! Because you aren't alone in that. If anyone actually took the time to do a deep fundamental analysis and compare it to multiples of the past we'd all be in trouble!
 
Growth stocks were so frothy. Market always gives you a 2nd chance if you missed a cheap entry a couple years ago. So take advantage on high conviction positions selling at a discount.
 
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