4 ms·

Stock futures down another 2%. Amazing how much money one can lose in a matter of days. Stomach churning.

by tempsy 7y ago

xwdv 7y ago
Not even days. I lost $24k today, and $60k since last week. The thing that keeps you calm though is that sometimes it’s amazing how much money you can actually make in a matter of days, or a single day.
- eanzenberg 7y ago
  This means you have about a million dollars in stock investments alone, which you put you in a different class.
  - CamperBob2 7y ago
    Doesn't mean any such thing. Maybe s/he is into options? It hurts to watch that much money go away even when it's in the form of unrealized gains.
  - anonoholic 7y ago
    That would keep me calm! I'm pleased to report though that I lost nothing, since that's about how much I have.
    - damon_c 7y ago
      Get something started ASAP. I left a job when I was 28 with a depressing $21k in 401k. After sitting there for 16 years, it's now... big enough where it lost almost that much this last week. Compounding... really... works...
      - deleted 7y ago
        [deleted]
  - CobrastanJorji 7y ago
    Assuming the majority of their assets are in stocks, and they have around $1 million in stocks, they are around the 95th percentile of American households or slightly lower. Getting to the top 1% would require around $10 million.
  - xwdv 7y ago
    I'm not sure why that should have anything to do with it. Like anyone else I still feel the pain of losing thousands of dollars, and I still get the dopamine rush from seeing the numbers going up and turning green. The only difference is that I have more of it.
  - C1sc0cat 7y ago
    I think the previous answer appeared to be investing in futures /warrants or some highly leveraged security. Seeing my normal shares ISA drop £2.5k yesterday and £1.5k the day before as a bit sobering.
    - xwdv 7y ago
      Nope, Squares big drop after earnings took a big chunk and then came the trade war.
- ummonk 7y ago
  The last couple months I’d been wondering whether I’d rebalanced way too early (in the spring) into defensive stocks and bonds, so this drop has been rather pleasant to me. I know one can’t time the market perfectly but I’d rather not miss out on a prolonged period of gains.
0xDEFC0DE 7y ago
If the yield curve inversion didn't convince you to pull out, just leave everything parked and stop looking at it.
- whatshisface 7y ago
  The curve inversion forecasts the hit to be a year or so from now, so if you really believed in the yeild curves you'd still be in.
  - 0xDEFC0DE 7y ago
    Pretty sure it's within a year/year and a half. There isn't a safe run up where you should be in.
jussij 7y ago
If an when things head south, it can get much worse than that. In 1987 on Black Monday the DOW fell more than 20% in a single day: https://en.wikipedia.org/wiki/Black_Monday_(1987) https://en.wikipedia.org/wiki/Black_Monday_(1987)
nradov 7y ago
If day to day fluctuations of just 5% or whatever get your stomach churning then you probably shouldn't be trading futures.

Stock futures down another 2%. Amazing how much money one can lose in a matter of days. Stomach churning.

by tempsy 7y ago

Stock futures down another 2%. Amazing how much money one can lose in a matter of days. Stomach churning.

xwdv 7y ago

Not even days. I lost $24k today, and $60k since last week. The thing that keeps you calm though is that sometimes it’s amazing how much money you can actually make in a matter of days, or a single day.

eanzenberg 7y ago
This means you have about a million dollars in stock investments alone, which you put you in a different class.
- CamperBob2 7y ago
  Doesn't mean any such thing. Maybe s/he is into options? It hurts to watch that much money go away even when it's in the form of unrealized gains.
- anonoholic 7y ago
  That would keep me calm! I'm pleased to report though that I lost nothing, since that's about how much I have.
  - damon_c 7y ago
    Get something started ASAP. I left a job when I was 28 with a depressing $21k in 401k. After sitting there for 16 years, it's now... big enough where it lost almost that much this last week. Compounding... really... works...
    - deleted 7y ago
      [deleted]
- CobrastanJorji 7y ago
  Assuming the majority of their assets are in stocks, and they have around $1 million in stocks, they are around the 95th percentile of American households or slightly lower. Getting to the top 1% would require around $10 million.
- xwdv 7y ago
  I'm not sure why that should have anything to do with it. Like anyone else I still feel the pain of losing thousands of dollars, and I still get the dopamine rush from seeing the numbers going up and turning green. The only difference is that I have more of it.
- C1sc0cat 7y ago
  I think the previous answer appeared to be investing in futures /warrants or some highly leveraged security. Seeing my normal shares ISA drop £2.5k yesterday and £1.5k the day before as a bit sobering.
  - xwdv 7y ago
    Nope, Squares big drop after earnings took a big chunk and then came the trade war.
ummonk 7y ago
The last couple months I’d been wondering whether I’d rebalanced way too early (in the spring) into defensive stocks and bonds, so this drop has been rather pleasant to me. I know one can’t time the market perfectly but I’d rather not miss out on a prolonged period of gains.

0xDEFC0DE 7y ago

If the yield curve inversion didn't convince you to pull out, just leave everything parked and stop looking at it.

whatshisface 7y ago
The curve inversion forecasts the hit to be a year or so from now, so if you really believed in the yeild curves you'd still be in.
- 0xDEFC0DE 7y ago
  Pretty sure it's within a year/year and a half. There isn't a safe run up where you should be in.

jussij 7y ago

If an when things head south, it can get much worse than that. In 1987 on Black Monday the DOW fell more than 20% in a single day: https://en.wikipedia.org/wiki/Black_Monday_(1987) https://en.wikipedia.org/wiki/Black_Monday_(1987)

nradov 7y ago

If day to day fluctuations of just 5% or whatever get your stomach churning then you probably shouldn't be trading futures.