META Likely bottomed

[Master Pu]

Sadly your mistaking , if you think a high beta tech stock will diverge from the overall market due to it's valuation.

My friend, you invest in stocks when the price is low, not when it's high. That is what vast majority of traders do, chase oscillations.

 

[GotherL]

My friend, you invest in stocks when the price is low, not when it's high. That is what vast majority of traders do, chase oscillations.

Fair enough.

 

[deaddog]

My friend, you invest in stocks when the price is low, not when it's high. That is what vast majority of traders do, chase oscillations.

And the vast majority of traders would be better off buying and holding SPY.

 

[SoyUnGanador]

LOL, what a call! I love calls like this, right there out in the open, easy to see whether the poster got it right or wrong. Here is clearly swung and missed clearly (as I often do), but who cares, the important part is he put it out there.

Try again poster!

 

[murray t turtle]

I don’t really care about their CS, it could well be a false bottom, we have stops for that.

%%
OK, i do\ congrats on your stops.
Bear markets are good @ making bottoms\ false bottoms + more false bottoms.
IF i had known we would have had this small a SEPT bounce \ would have bought less SSO\LOL.
Good QID uptrend+ META downtrend...........................................

 

[GotherL]

LOL, what a call! I love calls like this, right there out in the open, easy to see whether the poster got it right or wrong. Here is clearly swung and missed clearly (as I often do), but who cares, the important part is he put it out there.

Try again poster!

Basic strategy seems to be random pick bottoms then averaging down to reduce dollar cost. Not the best strategy but I suppose it's not the worse.

As mainly a swing option trader I despise it though.

 

[NoahA]

Basic strategy seems to be random pick bottoms then averaging down to reduce dollar cost. Not the best strategy but I suppose it's not the worse.

As mainly a swing option trader I despise it though.

It many ways its much better than people who buy breakouts and average in. Buying a low is always better than buying a high.

 

[GotherL]

It many ways its much better than people who buy breakouts and average in. Buying a low is always better than buying a high.

That's true that's why I implicated that it is not the worse strat. Perhaps, it's even a viable investment approach for some.

 

[murray t turtle]

Basic strategy seems to be random pick bottoms then averaging down to reduce dollar cost. Not the best strategy but I suppose it's not the worse.

As mainly a swing option trader I despise it though.

%%
ONE of the worst \its also possible its not'' the worst'' LOL \
in a down\trending bear market.
Not the best in a uptrending bull market, which we are not in since last year.
Low stuff\low PE tends to go lower.......................All ways buying a low in an inverse ETF would be another good way to lose money\ one of the best ways to lose money
Average down could work for long only mutual fund ,that is a good stock picker; but they get paid on AUM/assume they beat benchmark

 

[Master Pu]

Basic strategy seems to be random pick bottoms then averaging down to reduce dollar cost. Not the best strategy but I suppose it's not the worse.

As mainly a swing option trader I despise it though.

There is a difference between trading and investing, surely you are aware of this. Many investors make huge returns in stocks, very few make it in option trading.

Next!