Timing the market

[49994]

Thought this was an interesting read and some would enjoy after the Covid markets thread.https://www.investopedia.com/articles/stocks/06/peterlynch.asp

 

[MuskyManiac]

My philosophy as well. You cannot time the market. Buy good companies and hold them.

 

[Bfishn]

He makes a good point in there about holding good stocks and not selling them when you have a decent gain. I think its one of the hardest things to do. A guy gets up a decent percentage and you want to take profits. I've missed out on a lot of big runs this way. I bought Tesla at almost the complete bottom of covid crash, sold it after a quick 40%, continued to go up about 500% more ;:;banghead

 

[Kurtr]

guess it depends on what you want. My 401k is for long term my robinhood is like playing black jack looking to split the 10s and hit fast.

 

[Captain Ahab]

Buy quality and hold for the long term.

One mistake I've made was trying to time Apple. Should have just owned it the last decade rather than owning and not owning it 5 times. Hindsight is always 20/20 though.

 

[3Roosters]

guess it depends on what you want. My 401k is for long term my robinhood is like playing black jack looking to split the 10s and hit fast.

Ditto here for me. automatic systematic investing each pay, every pay into 401k for the long term. Do at least the company match amount and increase deferral % each year.
My Robinhood account is for darting in and out..looking for buys or strong buys...long term holds not neccesarily the end game. Only been in about 6 months with a measly amount but still looking to increase my totals.
IMPO..i think the millennial generation is liking the Robinhood type accounts...kinda like gambling. Plus you don't need to buy whole shares of a stock you may like.

 

[wjschmaltz]

Meh, partially disagree. You can no doubt predict the market based on EMA trends, price breaking long term support and resistance zones, and what’s happening in the news. I’ve gone 37-2 this month on US30 and SPX. Here’s a picture of the lines and a sell and buy from this morning. Price broke and closed past my line on the 15 minute candle and I got in on the pullback of the next candle. Make money on the sell then make it again on the buy. Less than 30 minutes for each trade.

Also, millennials are on MT4 and/or trading binary options in addition to crypto! The game has changed, no reason to be gambling!



Edit: Trump just vetoed the defense bill. If the 15 minute candle for SPX closes below 3701 I’m selling that sucker!

Edit again: Hit take profit at my 3687 support like a text book. Quick 30 minutes made more than any stupid stimulus check! You can absolutely read and time the market!

 

[Sluggo]

Is it timing the market if you just choose not to invest when it is at a 52 week high and wait for a 2-3% drop and then get in instead?

 

[eyexer]

I have some play around money in stocks. I take 40% any chance I get then lay it on another company that appears to be bottomed out. I’ve tripled my money this year. But we aren’t talking about very much money.

 

[shorthairsrus]

. I am so sick of hearing telsa and apple. My truck full tank goes 560miles. Telsa u can suck my the chrome off my bumper. Apple phones suck.

 

[Sum1]

Don’t you get nailed with taxes taking short term gains on Robinhood? If you hold a year taxes are a lot less. I hate giving the tax man anymore money then I need to be.

 

[shorthairsrus]

. U gotta know when holdem.

 

[Flatrock]

I am so sick of hearing telsa and apple. My truck full tank goes 560miles. Telsa u can suck my the chrome off my bumper. Apple phones suck.

Are you sure you aren't just sick of seeing them go up 1000's of percent over the years? I mean that would be understandable.

Edit: Trump just vetoed the defense bill. If the 15 minute candle for SPX closes below 3701 I’m selling that sucker!

Edit again: Hit take profit at my 3687 support like a text book. Quick 30 minutes made more than any stupid stimulus check! You can absolutely read and time the market!

So you're looking to make trades on moves of just 5-10, maybe 15 handles on the S&P?

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Don’t you get nailed with taxes taking short term gains on Robinhood? If you hold a year taxes are a lot less. I hate giving the tax man anymore money then I need to be.

If you hold stocks for a year, then yes, they're taxed at long term capital gains rates of 0-20%. For the vast majority of people, they'd be either 0 or 15%. If they're held for less than a year, then they're taxed at whatever income tax bracket you're in.

 

[Bfishn]

Trade in a Roth IRA - tax free gains no matter when you sell.