Dow Falls 2997 points worst drop since 1987 crash

Re:Dow Falls 2997 points worst drop since 1987 crash by mgolawala on Monday March 16, 2020 @05:23PM (#22598035)

First, there is always the possibility that I could be wrong. The markets could hover around these levels and fall no further. Second, I may not know when to buy back in. Do I back in after they have fallen 10%? How about 20%? Should I wait till 25%? What if it goes down another 3% and then starts to head backup.. and then back down again above these levels before falling another 30%?

What you are suggesting is market timing. I am not very good at it, and I don't think most people are. You not only have to know when to sell, but you have to know when to buy back in. You have to get it right twice.

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Re:Dow Falls 2997 points worst drop since 1987 crash by hitpointdrew on Tuesday March 17, 2020 @10:07AM (#22604953)

> Do I back in after they have fallen 10%? How about 20%? Should I wait till 25%?

You should not try to time the market. And hopefully you don't really mean "buy back in" (meaning your panicked and sold, you should just be adding/averaging down). Just look for general buying opportunities and don't kick yourself if the market falls a bit further before it rebounds.

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