Losing over 20 to 30k a day in my stocks.

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quickpic007 said:
@Momus @wagrxm2000 @lord999 @confettiflyer

Put in 30K tomorrow VTI or wait?? Spread out on news?
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Spread it out. I moved 10k out of 40k cash available from my portfolio in today (don’t ask why I had that in cash, I was moving things around in December and forgot to move it in), I’ll move another 5k at each further 5% drop if we get to that point later.


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This is funny cuz literally one of the risk tolerance questions asked when you open an account is something to the effect of “what would you do/how would you feel if you lost 10% of your investments?”


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I started investing 25,000 dollars in January and this happened. Already down 3,000 dollars.... my money was in tech giants-apple,microsoft and homebuilders ie DR Horton. Sigh :( I am holding.
 
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if you guys are wondering how bad can it get. here is your answer. whatever loss you have currently. multiply it by 2
 
wysdoc said:
Givin away my age a bit here but survived the drops of 1987 and 2018 by holding and waiting. Put 3 kids thru college debt free and no worries about our retirement in the future.
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that's only a sample size of 2. why would anyone be so confident so as to risk their life savings by predicting how a 3rd instance will turn out based on only two prior experiences.
 
Did 2018 even count as a drop? I don’t even think I logged into my account before it snapped back.



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well this has been true since the beginning of the US economy and stocks have been traded so .. yah i would be pretty confident too
 
I normally don't check on my portfolio but I had to because of this post. One of my bonds lost 6 cents and the other 2 bonds went up so I had money yesterday :D
 
74777 said:
if you guys are wondering how bad can it get. here is your answer. whatever loss you have currently. multiply it by 2
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That's it? That's not bad at all, I thought it would get much worse.
 
Alright, 1 hour until entry... here comes the big “pre-weekend” selloff.

I love Friday before close because it scares off all the weaklings... they can’t stand to sit on it over the weekend
 
DIS is a good buy and hold at $116, IMO


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Ok - 3:37 PM I bought ~5k of UPRO.. I’m planning on selling sometime around noon Monday.


Wish me luck..
 
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JustFillIt said:
I’m going buy just before close today, and dump Monday around noon
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I dumped like $7000 in today, I hold that stock long for it’s IP strength. Not really a good short term hold with all the panic selling going on.


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confettiflyer said:
I dumped like $7000 in today, I hold that stock long for it’s IP strength. Not really a good short term hold with all the panic selling going on.


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Yup - I realize I’m totally gambling here. This is nothing more than a 3 point shot for fun.
 
Haha boom! Forget it - I sold at exactly 4pm!

Bought 100 shares of upro fro 49.59 and sold at 53.55..

Easy 400 bucks.. probably a dumb choice because I’m betting in heavy green on Monday....

Looks like I’m taking the family out to Barbacoa tonight! Wish me luck that we don’t all catch the corona virus...
 
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The coronavirus is not like the trade war or the Fed increasing rate. Those things you can reverse. There is no way to predict when the global outbreak is going to be over and when it is over, will the enthusiasm for the market still remain?
 
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BMBiology said:
The coronavirus is not like the trade war or the Fed increasing rate. Those things you can reverse. There is no way to predict when the global outbreak is going to be over and when it is over, will the enthusiasm for the market still remain?
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I dunno dude. All I know is i just scored a sweet 400 bucks that I’m going to go spend on meats and cheeses.

I told you we shouldn’t be paying off our student loans.. It’s the end of the world as we know it baby
 
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Momus said:
Yep.
www.investopedia.com

Bear Market Guide: Definition, Phases, Examples & How to Invest During One

A bear market occurs when prices in the market fall by 20% or more.
www.investopedia.com www.investopedia.com

So quick, no one realized it.


If you are a net seller in this market, you are officially reta4ded. You should be a net buyer when it's down.
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Exactly now is the time to buy buy buy. Can't wait for payday to buy some more shares of VTI.

If you can't tolerate the risk of stocks you shouldn't wait til a drop to invest in other securities.

I am hoping for a mild recession got great buys last time around including durable goods. Really want a 3rd home.
 
Thanks OP! If it wasn’t for you posting this thread, I would have no idea about current state of the market and would have missed out on a huge opportunity during dip. I am a “set it and forget it” guy and don’t really check market that often. Just dumped $20k. Will buy more if this goes down further on Monday.
 
Chrish said:
Thanks OP! If it wasn’t for you posting this thread, I would have no idea about current state of the market and would have missed out on a huge opportunity during dip. I am a “set it and forget it” guy and don’t really check market that often. Just dumped $20k. Will buy more if this goes down further on Monday.
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How much more would you buy?
 
People need to remember this is short lived. It doesn't have long lasting effects.

If Trump wins again, nothing has changed and there is no reason to stop us from going right back to where it was before. The fed will continue to be on our side.

I'm buying at a 20% drop and expect an easy 20% gain out of it. I'll be buying again at 30, 40, 50 etc if any of that happens. I'm personally only 50% in so about 10% will go in with each drop and it'll come back out after we return to previous highs to keep my allocation how I want it.

Don't time the market people, buy the dips.

I personally love these drops to make even better returns.
 
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wagrxm2000 said:
People need to remember this is short lived. It doesn't have long lasting effects.

If Trump wins again, nothing has changed and there is no reason to stop us from going right back to where it was before. The fed will continue to be on our side.

I'm buying at a 20% drop and expect an easy 20% gain out of it. I'll be buying again at 30, 40, 50 etc if any of that happens. I'm personally only 50% in so about 10% will go in with each drop and it'll come back out after we return to previous highs to keep my allocation how I want it.

Don't time the market people, buy the dips.

I personally love these drops to make even better returns.
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Buying the dip is not a guaranteed. People who bought the dip in 2008 paid a heavy price.

The way I see it...the stock market is already expensive so for me to take an unpredictable risk, I need to get some major discounts. Unless things change, I am not rushing to buy.
 
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BMBiology said:
Buying the dip is not a guaranteed. People who bought the dip in 2008 paid a heavy price.

The way I see it...the stock market is already expensive so for me to take an unpredictable risk, I need to get some major discounts. Unless things change, I am not rushing to buy.
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That's why you buy a certain percentage at each drop.

I don't need to retire anytime soon so going through a recession won't kill us. If we do go through a recession we will be back here still by 5 years.

Also technically unless they panic sold later, they ended up making money.

Sure it would have been way better to buy a 40% drop instead of at 20% but I'd rather get money in to make some returns then be scared and stay out too long and miss out on the gains.
 
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wagrxm2000 said:
That's why you buy a certain percentage at each drop.

I don't need to retire anytime soon so going through a recession won't kill us. If we do go through a recession we will be back here still by 5 years.

Also technically unless they panic sold later, they ended up making money.

Sure it would have been way better to buy a 40% drop instead of at 20% but I'd rather get money in to make some returns then be scared and stay out too long and miss out on the gains.
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There is no guarantee it is going back to its all time high any time soon. It might drop 30% and then go up 10% and stay there for an extended time.
 
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As long as it’s sorta solved by 2040 I’ll be in good shape.


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Guys, if the drop is driven solely by the caronavirus, then by the summer we will look back and laugh about being so worried. When the weather warms up, the virus will go away.

That said, prices were due for a correction, so I don’t know that they’ll bounce back so quickly.
 
BMBiology said:
There is no guarantee it is going back to its all time high any time soon. It might drop 30% and then go up 10% and stay there for an extended time.
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Obviously it's not a guarantee but this is also why many middle-class family's struggle in retirement. They couldn't get themselves to put their money back in.

However if Bernie wins and Democrats take the Senate, all bets are off.
 
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findoc said:
Guys, if the drop is driven solely by the caronavirus, then by the summer we will look back and laugh about being so worried. When the weather warms up, the virus will go away.

That said, prices were due for a correction, so I don’t know that they’ll bounce back so quickly.
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Will it still be funny when/if it comes back in the following fall/winter?
 
JustFillIt said:
Will it still be funny when/if it comes back in the following fall/winter?
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Eh, not too worried about it. If It comes back in a yr or two, we will have to add one more shot to the list of 10 shots I have to do every yr...

...

...
 
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JustFillIt said:
Will it still be funny when/if it comes back in the following fall/winter?
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It is not just about stock price.

You have to also ask yourself what will the economy be like if the stock market dropped 30-40%?

Layoffs will happen. CVS has a boatload of debt. It might have to sell part of its business in order to raise cash. Stores will close.

Rite Aid, Walgreens would also be in trouble. Will they have to close some of their stores? Will Kroger decide to get out of the pharmacy business?

Who knows but the real pain starts when you loss your job. I graduated during the mist of the Great Recession. I still remember how all the jobs just dried up almost over night.

I have accumulated a lot of assets but by doing so, I have to also hedge my bet with cold cash and gold. That is how I sleep well at night.
 
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BMBiology said:
It is not just about stock price.

You have to also ask yourself what will the economy be like if the stock market dropped 30-40%?

Layoffs will happen. CVS has a boatload of debt. It might have to sell part of its business in order to raise cash. Stores will close.

Rite Aid, Walgreens would also be in trouble. Will they have to close some of their stores? Will Kroger decide to get out of the pharmacy business?

Who knows but the real pain starts when you loss your job. I graduated during the mist of the Great Recession. I still remember how all the jobs just dried up almost over night.

I have accumulated a lot of assets but by doing so, I have to also hedge my bet with cold cash and gold. That is how I sleep well at night.
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That means travel, cars and houses will be cheap. Good for people looking to buy.
 
Coronavirus diagnosed in Oregon now, spreading continues.

Don't be an idiot and sell.... you haven't lost anything until you do.

I don't understand why people (OP) are panicking (unless you plan to retire in <5 years) about unrealized losses.
 
BMBiology said:
It is not just about stock price.

You have to also ask yourself what will the economy be like if the stock market dropped 30-40%?

Layoffs will happen. CVS has a boatload of debt. It might have to sell part of its business in order to raise cash. Stores will close.

Rite Aid, Walgreens would also be in trouble. Will they have to close some of their stores? Will Kroger decide to get out of the pharmacy business?

Who knows but the real pain starts when you loss your job. I graduated during the mist of the Great Recession. I still remember how all the jobs just dried up almost over night.

I have accumulated a lot of assets but by doing so, I have to also hedge my bet with cold cash and gold. That is how I sleep well at night.
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Yea... I agree - there is a lot of uncertainty..
 
PharmDBro2017 said:
Coronavirus diagnosed in Oregon now, spreading continues.

Don't be an idiot and sell.... you haven't lost anything until you do.

I don't understand why people (OP) are panicking (unless you plan to retire in QUOTE]



It was a troll post


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MrBonita said:
I made a huge mistake last Wednesday. I had made a ton of money when the sp500 was at a new high. I could have paid off all my debt and moved on in life. However, I got greedy and stayed in stocks. As of today my losses are well over 100k and see myself working at Walgreens with overtime in the near future. Anyone else in this predicament?
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You're making the foolish mistake of thinking investing is for the short term. People who stayed in in 2008 recovered all of their losses and then made a ton more when the market recovered. Those that bailed lost fortunes.
 

He's actually serious; his intention isn't trolling.
 
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I think my initial post is misleading. I was trying to say that I thought I had the money in the bag and I was sitting pretty. Unfortunately the money disappeared faster than it came. Basically I will be working a lot so I can purchase more stocks now that I am in the hole. Is anyone else under the same game plan to work more hours and buy more stocks now that the market looks low. Sorry if I seem like a troll. Just thinking and seeing what people are doing. Have a productive weekend and life should be more about life itself and not money and work.
 
MrBonita said:
I think my initial post is misleading. I was trying to say that I thought I had the money in the bag and I was sitting pretty. Unfortunately the money disappeared faster than it came. Basically I will be working a lot so I can purchase more stocks now that I am in the hole. Is anyone else under the same game plan to work more hours and buy more stocks now that the market looks low. Sorry if I seem like a troll. Just thinking and seeing what people are doing. Have a productive weekend and life should be more about life itself and not money and work.
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Sounds like my last casino trip before I cashed out my chips!

I don't think anyone here is selling unless they're brand new to investing.
 
mentos said:
That means travel, cars and houses will be cheap. Good for people looking to buy.
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This is a misperception. Not only will most people not benefit but they will be hurt from a stock market crash:

1) their job will be on the line
2) they don’t have cash on hand to invest
3) banks will not lend

You have to ask yourself why would prices for cars and houses drop? Why would supply goes up while demand goes down?
 
MrBonita said:
I think my initial post is misleading. I was trying to say that I thought I had the money in the bag and I was sitting pretty. Unfortunately the money disappeared faster than it came. Basically I will be working a lot so I can purchase more stocks now that I am in the hole. Is anyone else under the same game plan to work more hours and buy more stocks now that the market looks low. Sorry if I seem like a troll. Just thinking and seeing what people are doing. Have a productive weekend and life should be more about life itself and not money and work.
Click to expand...

Okay fair enough. You made it seem like you were using a workplace retirement account like a short term savings vehicle for current expenses/debt and it’s common knowledge that’s a dumb idea.

If that wasn’t the tax case, then it looked like you were bragging with a $1M brokerage account balance and complaining about not being able to pay for a car.


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