Buying the low of march 23 2020

[Axon]

I didn't manage to catch the exact low but I did pick up 1000 shares of SOXL around 125 among some other stuff. Still holding. I'm pretty happy about it.

 

[Nobert]

That bottom was pretty easy.

I wonder what kind of surprises we will see in future. The dif is clear now tho, the shake off after the bounce - in mid caps & some small caps, is more brutal, than it was in 08.
My bet -
got to get rid, somehow, of em RH stimulus folks, that got good at TA, yet has little to none of the skill in FA and psychology, thus got afraid , when things went down 30%~ again.

 

[S2007S]

This morning on cnbc cramer is saying how insane these moves are, saying he's never seen anything like that, he keeps repeating it over and over....just think 6 stocks now make up 50% of the NDX 100.

Nasdaq just went red

 

[Nine_Ender]

Did any trader here buy the low of march 23, 2020? and still not sold their long positions?

many traders thought the market would go even lower or stay lower trend lower rather than the massive v-shape price recovery. and so fast too. the selling was massive and real in march. investors and many funds and algos using market orders to exit their positions.

the market didn't fail. it worked. price dropped cause people were selling at any price. and stampeding out and buying cash and buying gold.
now it's normal market, trading like an illiquid market and fewer participation.

From March 21 :

You were arrogantly bashing others including me from day one. You spoke of a certainty that didn't exist and now think a black swan event will permanently change the markets for decades. Let's put a number on it. My guess is we go to at least 3000 on the SPX within a year. I particularly like the TSX at current levels as a lower risk more reliable play ( anywhere from 11500-11900 ). I say this with no certainty just a probability with good risk/reward.

So I called for a recovery just more gradual. I actually did go heavily long on the 23rd in TSX related plays. 11200 seemed far too low and it was. Bounced 11.8% the very next day. Sold my index related positions when the SPX hit 2820.

 

[Overnight]

That bottom was pretty easy.
..

BULLSHIT!

So you are saying a pandemic-induced crash of 35% in ONE MONTH and picking that bottom was easy? I guess you have been trading since 1918 or something.

 

[Nine_Ender]

BULLSHIT!

So you are saying a pandemic-induced crash of 35% in ONE MONTH and picking that bottom was easy? I guess you have been trading since 1918 or something.

Certain stocks and the TSX were easier to call; US indexes no really obvious signs it was a bottom as far as I remember. 11200 on the TSX was it's lowest level since February 2010.

 

[Nobert]

BULLSHIT!

So you are saying a pandemic-induced crash of 35% in ONE MONTH and picking that bottom was easy? I guess you have been trading since 1918 or something.

Acc size was 89k.
Spare me of its a sim bs, since i won't share my real acc in public.

It wasn't easy. It was the easiest thing.

I guess you have been trading since 1918 or something.

Personal attack. Good luck O.

 

[ironchef]

BULLSHIT!

So you are saying a pandemic-induced crash of 35% in ONE MONTH and picking that bottom was easy? I guess you have been trading since 1918 or something.

No need to look back to 1918, probably looked at this chart.