Quoted from iceman44:
See above, the technical definition. LOL
I don't make my decisions based on fear and greed.
I will use the next drop, when it comes to buy in again. And then count the pile happily by the 1st quarter of 2021
That's just how i roll! And i might throw a short term Vix play or TZA leverage in and out from time to time
Do you buy every dip? During the crash did you buy each day that dipped?
I'd like to understand that strategy, how you allocate the appropriate funds to cost average down while not losing your balls in the process, and then when the market bounces, barely breaking even. I've just never seen or heard anyone explain mathematically how that works.
Everyone can claim they bought on a "dip" then sold on days that were green, yet, no explanation of their incremental buys, cost averages, etc.
If you were a dip buyer and have not sold in the last several years, then all those profits made over the last 3+ years are gone.
Unless, you somehow timed the bottom of the market crash with precision and doubled down there.
Once again, anyone I've asked how that strategy works has never been able to clearly show how that works.
Conveniently, when the market crashes, those are the same people who said they sold back at the top and are all cash too.
One thing about the stock market I've learned.. it's most people are not transparent.
Not calling you out Iceman, but it's just I've literally heard everything you are saying by so many people over the years.
We all know the market will continue to go up throughout the the next decade, but timing is key...you buy at the wrong time during a crash and it could take years to make a profit if you don't know when to sell.