Buy stock

Carnalpleasure
Carnalpleasure

Buy stock
it goes down slightly
panic
sell for 2% loss
it goes back up 13% the next day

Burnblaze
Burnblaze

@Carnalpleasure
this is why you don't trade on emotions

Emberburn
Emberburn

etf goes down 1%
buy etf
it goes up 1.2% the next day
sell for profit

MPmaster
MPmaster

@Burnblaze

I didnt

viagrandad
viagrandad

@MPmaster
Yes you did

You literally said you panicked and sold.

w8t4u
w8t4u

@Carnalpleasure

That'll teach ya

Poker_Star
Poker_Star

New to stocks here. At what point can you be sure that the stock isn't going any higher, and that you need to sell the stock on a loss? Alternatively, how do you get good at guessing when a stock is at its peak and you should sell?

Evilember
Evilember

@Poker_Star

If anybody knew that, they wouldn't tell anyone.

t.Buffett

Firespawn
Firespawn

@Poker_Star
Buy on rumor, sell on news

BlogWobbles
BlogWobbles

@Poker_Star
Practice.

BlogWobbles
BlogWobbles

@Firespawn
This. The only way to have mega millions fast is insider trading.

RumChicken
RumChicken

@Firespawn
So basically if there's rumors of a new product from a business you think will do well, then you buy some of the stock?

PurpleCharger
PurpleCharger

@RumChicken
New product could mean anything though. It doesn't have to be a product for the stock to go up. What you should do is pick a few stocks you think will increase because of news you read, then just watch it the next couple of weeks. Get some practice in. It takes literally years to become completely efficient.

Dreamworx
Dreamworx

@PurpleCharger
Thanks, no point in not getting started today.

Carnalpleasure
Carnalpleasure

@Poker_Star
Bought Daimler at 61 Euro. Now it's at 52 Euro. But I'm not mad because I know they will recover because it's a stable company and the 61 Euro wasn't a peak.

The only thing that hurts is that my money is now tied down for some time and I can't make profit out of it.

TL;DR
Buy stock of companies which will do well in the long run and you don't have to fear the dip.

Pic not related.

BlogWobbles
BlogWobbles

Buy option staddles- you make money anytime the stock moves!

Burnblaze
Burnblaze

@Poker_Star
Preferably at some point after you've recouped your initial outlay in dividends.

Spazyfool
Spazyfool

@Poker_Star
All you need is the ability to predict the future perfectly, and then you have all the information you need to make billions.

Crazy_Nice
Crazy_Nice

@Spazyfool
the ability
If I can master this ability, will the Robin Hood guys buy the right stocks for me?

Sir_Gallonhead
Sir_Gallonhead

@RumChicken
It doesn't just have to be a rumor. You can use your own intuition to gauge what companies will do well and which ones won't. Speculation isn't a science yet.

Boy_vs_Girl
Boy_vs_Girl

@Carnalpleasure
buy stock
do something dumb the next day
dont learn from it

Booteefool
Booteefool

@Poker_Star
Technical Analysis

Supergrass
Supergrass

@Booteefool

whats that

eGremlin
eGremlin

@Supergrass
Bullshit pseudo-math that people think actually helps predict stock movement.
In the words of my father, "The only people who make money off of technical analysis are those who write books on it."

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