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At some point, you’ve gotta be able to see the reason for why people are on the other side of the trade you are making. You can never get too married to a position you’re in. You’ll lose a lot of money from refusing to cut your losses and putting your capital elsewhere. I sold my gold miners at a 20% loss. No big deal. Sitting pretty with a lot of cash to deploy and enjoying a boom in much maligned dirty oil and gas industry.
Also, if you don’t know how rising rates affect the stock market, maybe getting out of stocks all together would be a good thing.
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Originally posted by TwoHighways View PostAt some point, you’ve gotta be able to see the reason for why people are on the other side of the trade you are making. You can never get too married to a position you’re in. You’ll lose a lot of money from refusing to cut your losses and putting your capital elsewhere. I sold my gold miners at a 20% loss. No big deal. Sitting pretty with a lot of cash to deploy and enjoying a boom in much maligned dirty oil and gas industry.
Also, if you don’t know how rising rates affect the stock market, maybe getting out of stocks all together would be a good thing.
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Originally posted by TwoHighways View PostAt some point, you’ve gotta be able to see the reason for why people are on the other side of the trade you are making. You can never get too married to a position you’re in. You’ll lose a lot of money from refusing to cut your losses and putting your capital elsewhere. I sold my gold miners at a 20% loss. No big deal. Sitting pretty with a lot of cash to deploy and enjoying a boom in much maligned dirty oil and gas industry.
Also, if you don’t know how rising rates affect the stock market, maybe getting out of stocks all together would be a good thing.
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Originally posted by bphillips View PostBUT if you're in good companies selling now when they have been beat up is a bad strategy. As long as nothing has changed with that company anyway
Everything that I have had that was negative I have held onto long enough to sell for a profit.
Now as we speak, I am in the hole BIG on a few EV/Tech stocks. No biggie though, they will come back up
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Originally posted by Lone_Wolf View PostI don't understand what all the hoopla is about. Look at the S&P and most of the funds that are in a 401K. This is not a crash. It's EV/Tech stocks that were way overpriced correcting. If you were invested in them and were ahead....you should have sold along time ago.
Will EV be here to stay and eventually beat highs 4-5 weeks ago? Yes I think so also. Long term thoughts
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Originally posted by bphillips View PostBUT if you're in good companies selling now when they have been beat up is a bad strategy. As long as nothing has changed with that company anywayLast edited by TwoHighways; 03-05-2021, 02:50 PM.
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I think the best way to make money right now is to be short treasuries with the stimulus bill passing (or be long commodities). I don't know how markets will react monday. Maybe they'll shrug off the rise on bond yields and buy into the narrative that it isn't inflation fears driving a rise in interest rates, but instead it's the bond market pricing in future growth. I suspect any rally to be short lived though if the treasury auctions next week go badly. The only danger to being short treasuries is the Fed implementing some sort of yield curve control, but you can hedge against that risk with a position of being long commodities.
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