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03-09-2020, 08:11 PM
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#1336
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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BTW, futures up 300 points since I said to get out...I hope all you suckers are buying up all that you can...you know damn well I'm going to be totally wrong...Alton said you shouldn't be selling here.
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03-09-2020, 08:55 PM
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#1337
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Registered User
Join Date: Jul 2008
Posts: 386
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No better time to buy than now ! Economy is still very strong.....this virus stuff will be over soon enough , and these prices are gifts.................buy and hold............the next 5 years will be great for long term investors !
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03-09-2020, 08:59 PM
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#1338
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Registered User
Join Date: Jul 2008
Posts: 386
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ZOOM VIDEO/ ZM- SHOPIFY/ SHOP - THE TRADE DESK /TTD-----JD.com / JD ---- ROKU/ RKU --- ZYNGA ZNGA--- THESE ARE 6 who will double or more within 5 years !
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03-09-2020, 09:03 PM
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#1339
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by big frank
Economy is still very strong...
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It was NEVER strong....
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03-09-2020, 09:09 PM
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#1340
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by PaceAdvantage
reckless was no choir boy at the end....do you guys think I ban people on whims?
Maybe ya'll need to reacquaint yourselves with his last 5-10 posts on here...at least.
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Hi Boss,
A congenial poster here.
I don’t know what reckless said off topic. What I do know is that he was a positive contributor in the “Trading the financial markets.”
In your very honest attempt to be fair here, I sometimes think that you favor political correctness too much.
Sometimes, decent contributors get banned for an outburst. It has happened to me in Bars.
Some of these “sanctuary” posters are stopping some old time, experienced, contributors from telling their story; something I very much appreciate.
This is a horse player’s site! We are all wrong most of the time.
Just my opinion,
Tape Reader
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03-09-2020, 09:19 PM
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#1341
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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I sell 20-25K worth of my holdings every January.We spent the money on some home improvement things but that's all done now.The reason I sell in January is that these holdings are PROFITABLE and tax must be paid.Better to delay that 16 months.I have four holdings (Union Pacific, Verizon, Textron and Eversource) that I've owned for over 30 years, two mutual funds since 1977,etc. Reinvest the dividends and capital gains.And haven't gotten the vapors about the last two weeks. Twinges yes.I figured my total portfolio has lost at least 60,000 the last 2 weeks,probably more.Maybe this is what's needed to get the amatuers out.Dumb money.But I have enough cash on hand until at least 2022/23 without selling uno share.Own two properties outright.The one in the Dominican Republic goes up for sale in a year or two, will get us 150 to 160 thousand minimum.Don't owe a nickel (or peso) to anyone in the world.
Trading's for suckers.Go to Vegas.At least you can catch a show.Buy and hold is better but not ideal.
Having a PLAN and sticking to it. That helps you sleep at night.
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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03-09-2020, 09:22 PM
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#1342
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,487
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Quote:
Originally Posted by ReplayRandall
It was NEVER strong....
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It is not the same animal it was 15 years ago, so much has changed. Today is a fight between Russia and Saudi Arabia. Remember Y2K, completely different landscape with Brick and mortar essentially gone today.
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03-09-2020, 09:29 PM
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#1343
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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Day Trading has never been better....
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03-09-2020, 09:50 PM
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#1344
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by mikesal57
Day Trading has never been better....
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Zero commissions, point and click executions. Penny spreads between bid and ask.
Nirvana for a day trader.
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03-09-2020, 09:56 PM
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#1345
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by Tape Reader
Zero commissions, point and click executions. Penny spreads between bid and ask.
Nirvana for a day trader.
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They have to practically give it away to keep the Biggest Casino Game going...
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03-09-2020, 10:48 PM
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#1346
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Registered User
Join Date: Jul 2008
Posts: 386
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BUY AND HOLD ! Trading is not the way ! add some a little at a time ! dollar cost avg ! ever hear of it ?
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03-09-2020, 11:05 PM
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#1347
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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All futures are up....BUY BUY BUY
Look at that monthly chart of the S&P....trend line still intact...in fact, today's low is right about hitting the trend line started around the low in 2008.
Also, volume on this move the past couple weeks has been comparatively LIGHT....VIX only went to about 40-50...during 2008 it was pushing 70...
This is babyshit...a shakeout of dumb money....BUY BUY BUY!
lulz
Yeah, trading is a casino, but "buy and hold" is sound financial wisdom....except when it ISN'T (like those who bought and held this most recent top).
double lulz
Last edited by PaceAdvantage; 03-09-2020 at 11:08 PM.
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03-09-2020, 11:13 PM
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#1348
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Since the FTSE 100 in the UK and the DAX in Germany were down in the same 7% range as our Markets, let's see how they open and track the first couple of hours before forming a "buy" opinion here...
Lock-stepping seems to be the pattern to watch and follow.
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03-09-2020, 11:17 PM
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#1349
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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I was kidding in 1347 (kinda like an "obviously sarcastic" post/call)...the one and only long term opinion I've made in this thread I've caught massive shit for and even had cartoons drawn about.
I don't give a **** where the market goes long term....cause according to most playas, it goes only one way...up.
All you geniuses have it all figured out anyway...have at it.
I'm done working myself up for no reason.
Last edited by PaceAdvantage; 03-09-2020 at 11:19 PM.
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03-09-2020, 11:21 PM
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#1350
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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It's obvious that Alton got you worked up, no one else...
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