Timing in and out is a losing deal.
What a ridiculous statement. I jumped in with both feet in March 2020 during the crash and saw almost everything pump 45-50%. My Ford stock went from $7.00 to $22.00 or something alone. I just wish I sold it at that, when they are volatile, you also be volatile
Problem with this game plan, and you alluded to it, is timing.
Marketwatch has an online "game" where you invest money into the market, everything is real but the money you use. It's supposed to be a training type thing. One thing I learned is that if you are going to play the volatile timing game you had better be in front of the computer ready to trade when ever the market is open. I have a real job that pays real money that doesn't allow me to sit in front of the computer ready to trade. So while I generally make a few bucks over all I don't see big gains because I cannot hit the timing. Heck, I've lost money even being in front of the computer because I wanted a little bit more and the bottom fell out, lol.
As the song goes, you got to know when to hold them, know when to fold them, know when to walk away and know when to run. Learning that is the toughest part of playing the volatile market game and exactly why I am still playing on Marketwatch and not in the game for real.
that is always the problem.
I look at bitcoin to remind me what an idiot I might be.
I didn't put in 20 bucks of bitcoin when it was less than a penny per coin. I mean like a fraction of a cent.
but if I had, would I have even held on to it after it jumped to 100 bucks a coin? how back would I be kicking myself when it hit 60k per if I had sold it back at 100, or even at a thousand per?
and I use game stop to remind me not to be greedy.
after it hit 400, I decided to play a few bucks when it dropped back down to 200. managed to get out with a profit, but was sweating when it went back down to nearly 100. lol.
