Sure wish I would have bought BA and PPL last week, would've doubled my money already.
I see examples of this every week, wish I had a crystal ball....
$5000 in Amazon stock in 2006 would be worth $300K today $362K at the high
$5000 in Netflix stock in 2006 would be worth $590K today $645 at the high
There is always money to be made, I hold 27 different stocks that I believe could produce similar gains over the next decade OR they could disappear. If you had asked someone back in 2005 to choose between Cablevision Systems which produced a one year return of 85% and Netflix (a mail order movie service at the time) almost no one would have chosen Netflix - Cablevision ceased operations in 2016 & Netflix is the global leader.
I'm still buying lottery tickets so that someday I won't even care about this chit....
Yeah I definitely see what you mean, hind sight is 20/20. I did that with seven gen stock this morning, wasn't going anywhere so sold to put money elsewhere, literally 5 minutes later it started to climb.
Oh well, win some you lose some.
I'm in 7G - Got my wife in @ 2.30 a few weeks ago.... but I got in quite a while ago at $10 and $8.... gonna take a long time to get that back....
Nice to see some green though - my portfolio as a whole is up 14% today, 22% over the past 2 days. But I need a lot more of those days to get back into the green.
It will be a awhile before everything comes back. I'm just day trading now, I don't think it's worth the risk long term yet, personally I believe the gains the last couple days are temporary. The US will see widespread lockdowns yet, I'm still not believing we have seen the bottom, regardless of the $2 trillion stimulus package from the US.
Your probably right, if I were to sell everything right now I'm up about $4k over Monday but I'm comfortable with everything I have long term AND if I were to sell today it will keep going up..... I'm telling you I can single handedly control the market - just not to my own advantage.
LOL
Nice timing on that one. I wouldn't even own Canfor stock when I worked for them.I know how you feel. I'm still not good at it by any means, but when I first started I managed to almost always buy high and sell low. Best thing I did was buy Canfor stock, a couple weeks later there was an offer to take it private and the price skyrocketed, I made back everything I lost the previous months that day.
dead cat bounce
lower levels ahead
hang onto your cash