Typically big crashes don't stick around to their initial extent. That's why the advice is always to just stick to your strategy rather than making any rash moves and make potential losses into real losses.
The thing you want to do if you can when stuff like this happens is keep some of your powder dry so you can hop into trades that become opportunities.
The thing you want to do if you can when stuff like this happens is keep some of your powder dry so you can hop into trades that become opportunities.
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@nikiboo that actual scene is funny as hell. movie (Burn After Reading) is kinda crap and the whole thing is just a buildup to that
the actual line is like
i guess we learned not to do it again?
wish we knew what we did
the actual line is like
i guess we learned not to do it again?
wish we knew what we did
This isn't fair, you guys paid cramer off to say it was gonna keep crashing.
@nikiboo akschulleee...in order for it to recoupe losses, it has to go up twice the percentage it went down.
100 - 12.4% = 87.6
87.6 + 10.5% (9.198) = 96.798
But thats not how stocks work ie. 12% of 1000 is not the same as 10% of 988