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[Official] Stocks/Crypto/Investing thread


UltraMega
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On 06/09/2021 at 12:27, J_RiZz said:

I do feel like the market as a whole may have a correction sometime this month, but even then I can't see that  being more than 5%.

Looks like you we're right about that, but probably not for all of the same reasons you would have guessed at the time. 
 

 

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2 hours ago, UltraMega said:

Looks like you we're right about that, but probably not for all of the same reasons you would have guessed at the time. 
 

 

Lol, well thanks for quoting me in this. September is seasonally a bad month for stocks but damn who would've known about the Evergrande thing.  Also got the Fed meeting on Tuesday.

 

Was hard to look at my portfolio today but I spent the day selling put credit spreads that expire this week to offset some of the loss.

 Hopefully that works out for me 😬

 

 

 

 

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56 minutes ago, Andrew said:

Why sell instead of just holding until it goes back to at least what you paid? That's what I did with my crypto and I sold all of it while still up about 50%. on Sunday.

I thought about selling; I think there was a good amount of uncertainty on Monday about the situation and it could have easily been a two or three day event instead of just a one day event. Things could still be a bit rocky going forward. 

 

Ideally though, stop limits are for this kind of situation exactly and anyone who had some good stop limits setup before Monday would have had their stock sell before it went down much and then they would want to buy back in at the end of the day or the next day to just skip over the losses. 

 

I have been lazy about setting up stop limits and I'm kicking myself a little about it now haha. 

Edited by UltraMega
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