Buy the bad news!

in GEMS6 years ago

After locking in some profit I'm back in Stonks

I took some profit several days back when we had that big surge on the vaccine news.

We made new all time highs and were up almost 2k points on the Dow.

Seemed like a good spot to take some off the table.

Now I am putting those gains back to work a couple percent lower than where I sold.

Sees:

image.png

(Source: https://stockcharts.com/h-sc/ui)

So far, I have timed things extremely well, something that will probably not last forever so I should enjoy it while it lasts.

I have made 25% in the last couple months while the market has barely moved.

Sure I have used some margin to juice returns but so far so good.

My assumption is that we are on the verge of breaking out and going on a nice prolonged rally, though the virus may pour some cold water on that plan.

Eventually we have to get some stimulus and when that happens is off to the races and I don't want to be out of the market when that happens, which is why I am jumping back in on every dip.

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Why not just put the money into Bitcoin? it's been on huge run. Stock market is too much of a gamble. Daily news affects the market, one day we have a vaccine then the next day we don't...
Anyway, congratulation on you winnings and having such a good feel for the Stock market swings.

Several reasons. I can use leverage with stocks, I already have a chunk of btc, it helps diversify things for me.

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