Re:A terminal stock watcher and stock position tracker
by brewdad on Wednesday February 03, 2021 @03:57PM
(#26019003)
Agreed. As much as I wished I had sold some positions last February when it was clear something big was building in Asia, I am confident that I wouldn't have had the guts to buy back in after the crash and would have missed out on the rebound gains.
In the end, I'm probably better off having held and continuing to buy every couple of weeks throughout than trying to time the market swings from COVID.
Re:A terminal stock watcher and stock position tracker
by oarsinsync on Wednesday February 03, 2021 @05:37PM
(#26020123)
> As much as I wished I had sold some positions last February when it was clear something big was building in Asia
I did this.
> I am confident that I wouldn't have had the guts to buy back in after the crash and would have missed out on the rebound gains.
I did this too.
> In the end, I'm probably better off having held and continuing to buy every couple of weeks throughout than trying to time the market swings from COVID.
I wish I'd done this.
The problem is that while, say, stocks are frothy, eventually inflation catches up to the froth - so even when the crash happens, you end up better off than if you sat the frothy market out on the sidelines.
It doesn't help to be right in the direction of the market, when you're wrong in the timing of it.