I had about 3 friends and two family members call me yesterday
and ask my advice on the market and they wanted to all sell
tomorrow am when they saw all the news last night about limit down,
etcc.. they said they cannot take the pain anymore. That was
a small sign to me, because i rarely have conversations about the
markets with these individuals, they are the typical buy and hold
for years type (and there is nothing wrong with that if that is
what you like to do). Anyway, I told them my personal opinion
is that if you sell now you will probably be selling closer to a
bottom than a top and might be worth waiting a bit longer for a
counter rally if you really need to get out, but at the end of the
day you have to do what is best for you and be able to sleep at
night not stressed about it everyday.
That's interesting. Though I kind
EW
Posted by stevieb294 on 16th of Mar 2020 at 01:08 pm
That's interesting. Though I kind of look at it this way.
I had about 3 friends
Posted by ssaffer on 16th of Mar 2020 at 01:12 pm
I had about 3 friends and two family members call me yesterday and ask my advice on the market and they wanted to all sell tomorrow am when they saw all the news last night about limit down, etcc.. they said they cannot take the pain anymore. That was a small sign to me, because i rarely have conversations about the markets with these individuals, they are the typical buy and hold for years type (and there is nothing wrong with that if that is what you like to do). Anyway, I told them my personal opinion is that if you sell now you will probably be selling closer to a bottom than a top and might be worth waiting a bit longer for a counter rally if you really need to get out, but at the end of the day you have to do what is best for you and be able to sleep at night not stressed about it everyday.
Very good advice Ssaffer
Posted by tgo5043 on 16th of Mar 2020 at 01:52 pm
Very good advice Ssaffer