Dow Down 666 Points

manch · February 9, 2018, 9:03pm

Buy or Sell, it’s OK. But I think it’s better to have a plan and a system and stick to it. I know it makes me feel much better knowing I have a plan in my pocket.

Your plan can be simple like @wuqijun. Just don’t sell anything. That’s a plan.

My plan is slightly more complicated because I take out margin loans. So if my portfolio falls to a certain point I force myself to sell some. I have been selling something for more than a week now.

I am not saying I am right. Just saying I have a plan and following it. If you don’t have a plan maybe it’s a good time to make one.

wuqijun · February 9, 2018, 9:07pm

I also have a lot of margin loans. But I’m not selling. Yes I suppose if I will be margin called soon then I might need to start selling some, because I don’t want the brokerage firm to liquidate my holdings indiscriminately…

Roy321 · February 9, 2018, 9:08pm

@Roy321

wuqijun · February 9, 2018, 9:09pm

We can keep @manch on the list because he is only selling to cover. He really had no reason to sell otherwise…

Roy321 · February 9, 2018, 9:09pm

I’ve been actually using my small dry powder a little & might continue to do so.

wuqijun · February 9, 2018, 9:10pm

Yes, it’s actually a good time to buy, not sell.

Roy321 · February 9, 2018, 9:10pm

I dont know where the bottom is, but if I did… I would already be a billionaire

hanera · February 9, 2018, 9:11pm

Got balls

hanera · February 9, 2018, 9:12pm

World first Trillionaire

Roy321 · February 9, 2018, 9:12pm

In scientific terms "Testicular courage "

Jil · February 9, 2018, 9:15pm

One slightly contradicts the other.

Roy321 · February 9, 2018, 9:16pm

up 1.5% Friday Feb 9, 2018.

wuqijun · February 9, 2018, 9:18pm

Not a contradiction at all. If you don’t have any margin (like you) then now is time to marginize and go all in. If you have enough margin (like me) then just stay put. If you have too much margin (like @manch) then you have to sell.

Roy321 · February 9, 2018, 9:19pm

I have zero margin. I have never gone margin… maybe it’s time… to slowly get in

wuqijun · February 9, 2018, 9:20pm

Absolutely. A healthy margin rate is 25%-30%. Anything less than that is too risk-averse. Anything more than that is too risky.

BAGB · February 9, 2018, 9:21pm

10% discount is not that attractive. 3 months ago might be better

Roy321 · February 9, 2018, 9:22pm

Margin investment can also be DCA’ed since we don’t know how much more it will fall.

But I’m reasonably confident it can’t go more than 20%.

BAGB · February 9, 2018, 9:24pm

What’s your expectation on the upside? You buy so that you can sell later for a profit.

manch · February 9, 2018, 9:25pm

What does that mean?

wuqijun · February 9, 2018, 9:26pm

Dow 50000 five years from now.