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Thread: Help

  1. Default Help

    I've always been a set it and forget it, ride the wave guy. I got scared and moved 100% into the G on 03/23 (DOW was at 19k) the worst day to do it, now I don't know what to do. Do I move it back and just eat the loss, or do I wait for it to dip back down.....how ever long that takes.


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  3. #2

    Default Re: Help

    Ouch. Well I must first say that I can't predict the future. But I think very few really saw this month's rally coming so not many others can either. I think your best approach is to really get into the mindset of an investor. When you jump into a TSP stock fund I think its helpful to imagine you are putting money into a single company. Then you decide if the price for a share of the single company (the fund) is worth your money. Do you think you are getting a bargain price and the company (fund) is bound to grow. Or do you think the company (fund) is asking too much for what its really worth.

    If you are attempting to become a swing trader like a lot of us on this site, I think buying before the stock indices have proved they can trade above the 200-day EMA is unwise. Indices are very capable of at least testing support before extending higher from here; buts that just me. Read Tom's free market analysis he writes everyday. He usually stays pretty neutral to give you some perspective.
    TSP Talk Weekly Wrap Up |
    Chart Patterns |
    An ETF Trading Primer |

    Disclaimer: This is not advice or a recommendation.

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  5. #3

    Default Re: Help

    Quote Originally Posted by Killianzl1 View Post
    I've always been a set it and forget it, ride the wave guy. I got scared and moved 100% into the G on 03/23 (DOW was at 19k) the worst day to do it, now I don't know what to do. Do I move it back and just eat the loss, or do I wait for it to dip back down.....how ever long that takes.
    Welcome Killianzl1. Sorry to hear that. That's what we call capitulation around here and it happens to a lot of average investors.

    Today is the first day of the rest of your life. You'll need a plan. Do you want to go back to set and forget / dollar cost averaging, become a market timer, follow system, etc.

    I think that might be the first question before knowing if you should be in stocks now or not.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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