Perhaps the right thing is not to seek the minimum price, but the fair price, which is not necessarily the minimum.
However, if you reach the minimum then you were lucky.
Perhaps the right thing is not to seek the minimum price, but the fair price, which is not necessarily the minimum.
However, if you reach the minimum then you were lucky.
Always going to be an argument over what is āfairā though.
Yes, but no one knows where the minimum of a stock is until it comes up again, so the fair price would be a more assertive thought, IMO
I was a very passive investor during the 2018 downturn it just seemed to pass me by.
By the time the March 2020 downturn came along I had been building a portfolio for about 10 months and put a load of effort into reading and researching. I was convinced I had the right plan to deal with it in doing nothing and averaging down when possible, I stuck to the plan until one morning I had a moment of crisis and sold half the holdings for a loss. I had drifted away from my plan and done something stupid impulsively.
As it happened I used the money to buy dips in some of the stuff I kept and added a few stocks and it worked out ok. I didnāt beat myself up by working out how much I could have made by holding onto everything and moved on. The moral of the story is to have a plan, know in advance what you will do if what you hold goes up, down or sideways. And remember it can be the best plan in the world but if you donāt stick to it itās worthless. I am calm with the markets at the moment, its just the market doing what it does.
Mine is the lower one and the market is the blue one.
Fingers crossed the big institutional investors canāt resist a bargain and pile in next week.
Iām in the green now.
Will be back to red in an hour when the Americans wake up for their trading?
Nobody has ever taken such a spanking since Boris last went to Amsterdam.
I simply cannot sit down and thereās more to come.
Eh? Whatās this in reference too?
@jbowen
That was me in 2016 not usa, when there was a market correction and I was down 30% I sold off for a 700gbp loss saying I will buy back and recoop my loss.
It took 4 years to regenerate that loss through dividend and some buys and sells.
But I never repeated this error.
I hold my shares at - 45% but I did not had any ammo or did not know how bad march sellof was going to be so I said I will buy more laterā¦
By the time I realised we are in an uptrend I left it and sold at +10%
Such a rally it had but I was happy not to repeat the mistakes of the past, still hard to control yourself and buy in the red bit by bit not knowing where it will end up toā¦
How low it can go
Whatās peopleās opinion on how big this dip might be?
Ioosing Ā£100ās!
I might gain a ālittleā later on but bet it drops on Monday.
Iāve gain cash from Green sales and bought some ETF dips got Ā£400 left for Monday.
Iām just guessing now.
Time to stop checking stocks, hibernate for a year then have a check. Brutal
I only ask because Iāve paid a bit too much on tech stocks (brought a week ago) but have held back some cash to buy in the dip with the hope of lowering my average⦠Just trying to time it half right⦠Iāll probably hold off for today and see if the decline continues into next week.
Thereās no way to time this market - unless you want to check back in a month when all tech stocks are down 30% and then maybe buy in
Soundās like a plan @Alexander-Matheson
Got extremely lucky on my US stocks that were up selling early and now they are in the Redā¦
Iām in a similar boat with etfās, started investing in feb 2021. My plan is to spread out what Iām buying this month. Rather than a lump purchase Iām gonna pick a very small amount up each week. Thinking that way I spread my risk of buying too high. Or as some else said here it may be prudent to wait a month (I have no clue tbh but I thought buying a small amount each week might help)
I was about +Ā£80 on my portfolio at the start of the day. Now sitting at about -Ā£80. I bought more Cineworld shares on the dip for 109p at lunchtime. Then it mega dipped to 104p shortly before close. Apparently shot up to 110p right after close but still showing 104p on the app. The stock market makes no sense.
Two weeks ago was up £1800 ( should have taken profits I know!) now £600 down. Just plan on buying small amounts down with the dip and hope for the best