It's that time of the week again.
Anyone has any questions about trading or stocks for me to look at I have time to do that this weekend.
Post them below.
Conversation
Am I crazy for holding and dollar cost averaging my bags during this market? Lol
1
Replying to
Depends on the stock. Depends on your objective. Give me an example of one stock and price you bought. I don't believe in $ cost averaging unless it's a really good stock that I have confidence in. Putting more money into bad stocks is like burning money.
1
2
I’ve been buying UBER in the 20’s and got into $SIG around $7-8. I’ve been building positions in these companies in my long term portfolio. I know both of these businesses are impacted by the pandemic. With the current market turn, I figured it could be time to add more soon.
1
Replying to
IMO. $UBER chart does not look good at the moment. Looks like it could fail here. Until that changes I would be careful buying more. Could go even lower than here if the major market drops again this year.
1
3
$SIG
Long term chart doesn't look great. Looks like the recent up trend is being tested. Another stock I think that would fall if the Major Market falls this year. So maybe no rush to add more here. I'm not saying it's not a good business. Just stock chart doesn't look good.
