4 ms·
Anything on the way down in a steep selloff is a good buy, so you did good. Also WRT the pandemic it was pretty clear that there was going to be panic selling,
by shrimpx 3y ago
Anything on the way down in a steep selloff is a good buy, so you did good. Also WRT the pandemic it was pretty clear that there was going to be panic selling, as soon as a pandemic was announced. What wasn’t clear was where the bottom was and how long the recovery would be. Some waited for a deeper bottom and missed out on the vertical recovery.
- jatins 3y ago> Also WRT the pandemic it was pretty clear that there was going to be panic selling, as soon as a pandemic was announced. If you were this sure, did you take a short position when pandemic was announced? Hindsight is 20/20. Also not sure what you meant by when pandemic was "announced" but I guess you are referring to March 2020 broadly
- shrimpx 3y agoYeah March 2020. I was not actively trading stocks back then so I watched passively. I do think market timing is bad as a general strategy but sometimes the writing is on the wall. I have timed the market successfully since then though, when seeing glaring trends or decisions whose impact I thought was obvious. But that's small amounts of money at stake, and once in a great while.