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Clearing stocks before the coming crash, what have I missed out in the analysis?
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rubrubrub
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Jan 8 2019, 02:45 PM
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» Click to show Spoiler - click again to hide... « QUOTE(plumberly @ Jan 4 2019, 09:21 AM) ***** Mind sharing why you sold your shares earlier? ***** I must go back for English and better communication classes! Failed again in my communication in this thread! As stated at the start of my thread and later I clarified to a friend here that I was NOT trying to buy low and sell high . Repeating what I said earlier, my aim is to get out before the coming crash as not to see anther 50% drop in the share price like in 2008. No intention to buy this share again after the crash as that industry does not look that rosy to me anymore. Ha. So not "buy low and sell high" but "sell before the crash and divest in other places". ***** After a few months of thinking and analysis, sold my shares. Now I have saved some $$$ as the prices have dropped over the past few weeks after I sold them. Yes, they may go up later and my plan has backfired. Ha. That is the penalty I am willing to take. In Bloomberg tv, now one can see so many things in RED and down arrows. In the past, asked myself what would happen to my shares and should I sell them etc etc? Now, I kinda look forward to seeing the RED and down arrows. Ha. Recession will happen. Hope it will start at the end of Feb 2019. Just want to get this over with. ***** Agree with you. On luck, my view is, some luck is when preparation meets opportunities. Thinking ahead. wanna ask if a recession were to happen (mostly likely will), what is the best bet for the money? btw, i lost about 13% on equities on paper. I foresee it'll drop again and planning to cut my losses before it drops further by end of feb 2019 This post has been edited by rubrubrub: Jan 8 2019, 02:46 PM
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rubrubrub
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Jun 6 2020, 02:34 PM
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QUOTE(Krv23490 @ Jun 6 2020, 01:22 PM) Exactly, my biggest regret is selling AMD and NVIDIA, super glad I didn't sold Amazon and other ETFs may i ask what platform u use to trade? tdameritrade?
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