3 ms·
Buying at a low point is lucrative, sure, but how will you know when we're at a low point? Should you have bought or sold Friday? Should you buy or sell this c
by throwaway373438 7y ago
Buying at a low point is lucrative, sure, but how will you know when we're at a low point?
Should you have bought or sold Friday? Should you buy or sell this coming Monday? Answering these questions accurately is in fact hard.
- manigandham 7y agoWhy are you looking for a low? The market was at a high and what you should've been looking for was a downturn. Timing days is impossible. Timing a trend over months is what I'm talking about, and anytime in the last 2 months was a good time to allocate 1-5% on making money or protecting your investments from a market drop. At this point, if your investments have lost value then sell some covered calls to make income while you stay out of the market. We have an entire summer of disrupted global trade coming, don't buy in until that's over.
- throwaway373438 7y agoWhether looking for a low or a high the underlying challenge is identical.