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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="LibertyTurns" data-source="post: 696083" data-attributes="member: 789"><p>[USER=274]@CuseJacket[/USER] Support and resistance levels are widely available. I only use them in cases like this as normally I just monitor the market trend and don’t reverse until it does.</p><p></p><p>1/27 was the first notable event and there was a 2nd event 1/31. I started shedding the part of my portfolio that’s dynamic (roughly 45%) the following week starting with the riskier stuff and working backwards. </p><p></p><p>The fear in supply chains got too much for me about 2 weeks ago and I dumped all my S&P index funds waiting for the smoke to clear. All my speculative stuff was dumped 3 weeks ago.</p><p></p><p>Now I’m paused trying to figure out which way this baby’s going. Today seems unremarkable. I’ve learned a lot from IBD and Ciovacco’s</p><p>videos plus analytical tools provided by Schwab. Be patient, wait for the risk to evaporate and then reinvest where it’s most lucrative. At some point I’ll stop self-advising and pay for investment analysis services.</p><p></p><p>Right now I’m figuring I’ll make 25% when it’s time to jump back in. Shaves a couple more years off my retirement date and let’s me buy better football tickets!</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 696083, member: 789"] [USER=274]@CuseJacket[/USER] Support and resistance levels are widely available. I only use them in cases like this as normally I just monitor the market trend and don’t reverse until it does. 1/27 was the first notable event and there was a 2nd event 1/31. I started shedding the part of my portfolio that’s dynamic (roughly 45%) the following week starting with the riskier stuff and working backwards. The fear in supply chains got too much for me about 2 weeks ago and I dumped all my S&P index funds waiting for the smoke to clear. All my speculative stuff was dumped 3 weeks ago. Now I’m paused trying to figure out which way this baby’s going. Today seems unremarkable. I’ve learned a lot from IBD and Ciovacco’s videos plus analytical tools provided by Schwab. Be patient, wait for the risk to evaporate and then reinvest where it’s most lucrative. At some point I’ll stop self-advising and pay for investment analysis services. Right now I’m figuring I’ll make 25% when it’s time to jump back in. Shaves a couple more years off my retirement date and let’s me buy better football tickets! [/QUOTE]
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