VolAllen
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- Joined
- Mar 14, 2014
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You dont know how bad ill be wanting to flip the next time I see 19-20. Right now I'm trying to decide if I'm putting more in.A lot of people will sell/have sold SAVE for a loss, buying at $18 and panic selling at $16. Next year, it will hit $30 at one point or another and they’ll all be like.....damn.
I'm not a day trader but you learn not to check on the really bad days. Certainly helps. That and not panic selling. Losing 6 figures is not fun but the key is to remember that's the best time to buy. You just kinda get used to it after a while.I couldn't sleep with that much money in. I van imagine the swings on every penny.
I'm so old fashioned. I look at companies, charts, earnings, and review financial statements before I invest....
Not taking advice from a guy on Twitter that might have been flipping burgers pre COVID-19.
OTOH, I've owned F for years. Bought at 4 and sold between 12 and 16. Then rode it down to today.
I've seen one bad decision after another, and cars with crap quality.
They finally have an ev coming out, and are bringing back the Bronco. I feel good about them for the first time in at least 5 years.
It might be good to buy some to hold.
I did a lot of day trading when I was in my early to mid 20s. I see some of those in here that are trading with very limited information in what they are investing in and I won't lie, it makes me cringe a bit. Sometimes you will get lucky (NVDA, Marvel for me) but many times you won't (Tyco, Citigroup). If you commit to a strategy, pick quality, and have the financial means to consistently put money into the market in good and (especially) bad times, you will do good. If you invest in companies hoping for good PR or that they actually exist in the way they say they do, then you are opening yourself up for disappointment.
I've made tons of mistakes and I'm stubborn a bit in my ways but that's the strategy I've set for myself.
I really don't think you have anything to worry about with IDEX. Their earnings will be extremely good August 11.A few years ago I avoided stocks under $10. I finally changed that to under $5. Stocks below that price are generally having problems, and often one loses money as they continue to fall, and it seems most of them do fall.
So, I'm looking for stocks to buy to get into to EV stocks. Tesla is a given. Others not so much. I ran across IDEX under a $1, and thought what the heck, they all look risky. I bought a few thousand shares. At $3.47 I had to sell. Pigs get fat, hogs get slaughtered. I sold all but 1000 shares, and will likely lose money on those. This is clearly a stock I would not buy now. Hope I'm wrong, but I doubt they survive.
penny stocks are a pipe dream. JMO
I think it comes down to trusting your DD and sticking to your plan. If you've done your complete DD, you know what PR is coming.I did a lot of day trading when I was in my early to mid 20s. I see some of those in here that are trading with very limited information in what they are investing in and I won't lie, it makes me cringe a bit. Sometimes you will get lucky (NVDA, Marvel for me) but many times you won't (Tyco, Citigroup). If you commit to a strategy, pick quality, and have the financial means to consistently put money into the market in good and (especially) bad times, you will do good. If you invest in companies hoping for good PR or that they actually exist in the way they say they do, then you are opening yourself up for disappointment.
I've made tons of mistakes and I'm stubborn a bit in my ways but that's the strategy I've set for myself.