With the market being inflated on the back of the Covid news, and 212 being down a good chunk of the day, has anyone actually invested in anything today?
Some stocks I was looking at seem to have reacted like the whole market seems to have, in regards to a Covid vaccine, so I am holding off actually opening a position with them now. Good idea? bad idea? I am hoping their prices will settle down a little after today.
You mean selling something that suddenly was too inflated? Yes
I have brought Novacyt as it dropped a large amount on the COVID news. Thing is there will be still be mass testing so must have been panic selling.
Yes actually there are good deals I guess, there has been not much middle ground today, many stocks went up big while others went down big, I have sold some that went up a 20-30% up in a few days and reached my price target, looking to buy something at a “cheap” price before the end of the day…
I took 50% profit out of a couple of stocks (left the rest to fly), and sold another stock (eventually).
Stressful couple of hours though.
Good for you on the 50% profit
I was mainly asking if anyone had opened a position in these inflated hours rather than selling. Any stocks I had done my due diligence on and was going to purchase have been pumped up and im going to wait for them to settle again, I hope.
Much the same. I was hoping to jump into 2 or 3 stocks but the downtime meant they flew without me. Very frustrating.
A couple of my pies were set to rebalance pushing money from profitable slices into the losing slices. It triggered on US open. Was a good decision as now those slices are up
My plan for today was:
Then as new things happend:
Bought MCD dip
I was going to put more into VWRP but will hang fire until Wednesday when Monks (MNKS) and Edinburgh Worldwide (EWI) go live!
Purchased more Telodoc and Fivrr
How do you feel about Peloton over prices or could still climb under lockdown?
Nope. I’ve been selling all day long. Markets went up too quickly in my opinion…
So you could not sell at the top prices today then? Enlil
@Lil_Bri Nope. But I don’t really care. I’ve never been able to time markets properly As long as I make a profit, I’m happy.
Today must have been a pain in the butt for day traders though. Having your platform dying on you like that at the worst possible moment…
So your more of a trader than an investor? I’m in it for the long term myself. Tried a bit of trading at the beginning of the year but could hack it!! So changed my system and went more Passive investing in ETF’s as bulk of my Portfolio and individual stock making up the rest. How do you play the investing game???
I guess I’m somewhere in-between. I wouldn’t say I’m a trader but I’m not a investor either. I tend to hold unless I see a clear opportunity to sell and buy back a bit later at a better price.
I only trade ETFs and I usually trade based on the evolution of Nasdaq and S&P500 futures/CFDs. To try and figure out where the market is going, I use several indicators (bollinger bands, stoch rsi and macd) on multiple timescales (1h, 4h, 1d charts) and I try to identify potential support and resistance levels that way (I find resistance levels to be much harder to find).
I know the explanations above suck. I’ve been trying to come up with something decent for 30 mins. Didn’t work. Fuck it. I’m giving up
I didn’t buy anything, I did sell APPL today though as I am concerned they are in the “mature” phase.
I’m probably wrong of course but it seemed like a good opportunity to free up some funds and make a small profit.
Your explanation if sound I think I get what you do. I’m no expert but you deal in ETF’s and you buy low and sell high. You put a range so you don’t lose if drops. It sound hard work to me, I’m rather a lazy invest but each to own. If it’s profitable who care eh!!!
Shorted SPY on open for some profits in amongst the sever issues. I opened a short position on ProShares UltraPro QQQ right before close. And a small long position of 5 CFDs each in Nvidia and Fastly.