3 ms·
> I know that if I sell as the market is going down, I may well encourage other people to sell. The market may plunge and all of my stock will be worthless. If
by esoterica 6y ago
> I know that if I sell as the market is going down, I may well encourage other people to sell. The market may plunge and all of my stock will be worthless. If I buy at a crucial time - when the market has paused in the process of dropping, I may well influence the market to go up instead.
That is simply not how the market works. Trying to buy when the market has "paused" is not going to trick the other market participants into thinking that the market has bottomed out and the crash is over and that everyone should start buying again. Volatility in a bear market is normal, and the stock market going up for a couple days in the middle of a crash is not going to convince anyone but the most gullible retail traders that the crash is definitively over.
> but if it is true that 10% of the population controls 86% of the stock
10% of the population is 30 million people.