After most bank stocks had a rough start, both $Taiwan Semiconductor Manufacturing(TSM)$ and $Netflix(NFLX)$ fell over 5% despite significantly exceeding earnings expectations, mainly due to weak guidance from these companies.
$Tesla Motors(TSLA)$ and $Apple(AAPL)$ performance may not bring much surprise. $NVIDIA Corp(NVDA)$ this week is struggling to defend $850.
The trend of continuing decline and a sharp drop after earnings seems inevitable.
In this situation, would you go with the flow of the market to cut losses?
Or are you a steadfast believer who will hold on?
For example, Nvidia fell to $108 in October 2022. If I had held onto it then, it would rise 3-4 times by now.
But at that time, I thought Nvidia would continue to fall, so I sold at a loss and never got a chance to buy back in.
I might continue to go with the market flow.
Which type of trader are you?
How will you trade this earnings season?
Leave your comments and also post to win tiger coins~
Comments
investing is a marathon and there's always up and down... which is why it's important to invest in good and stable companies that have proven themselves...
during the down trend, it's an opportunity to buy the dip... [Sly] [Sly] [Sly]
@HelenJanet @TigerGPT @Shyon @Aqa @LMSunshine @koolgal @GoodLife99 @rL @Universe宇宙
The trend of continuing decline and a sharp drop after earnings seems inevitable.
In this situation, would you go with the flow of the market to cut losses?
Or are you a steadfast believer who will hold on?
Which type of trader are you?
How will you trade this earnings season?
Leave your comments and also post to win tiger coins~
I will not go with the market flow as I am a long term investor, I will try my best to invest in blue chip stocks with high dividends and always try to use auto-investing method to average down my cost price whenever the stock price has dropped below my cost price.
Auto-invest starts with a very small amount from $2 which is very affordable for most small investors like me.
Stock investment is not like gambling, we need to do alot of homework in order not to incur huge losses. Conducting thorough research like analyzing the financial performance of the companies & company fundamentals, be updated on the market trends & geopolitical factors are some of important factors in making stock investment decision.
Reading several stock analyst's evaluation report of the stock as a reference, might also help us to make investment decision.
We also need to understand that stock market is like roller coaster, the stock price always keep repeating the process of going up and then going down. However, for some stocks with weak fundamentals and poor financial performance, the downward trending of their stock price can also be never ending until the stock is suspended or delisted. Therefore we must exercise prudence when making decision in our stock investment in order not to lose all of our hard earn money.
Let me know what you guys think.
Sorry for the many parts, there is word limit lol.
2 scenarios. If you do not have money to DCA, you'd have to wait 1 year before MARA came back to your buy price! If you DCA-ed till you get sick of it, you still have to wait a long time. And in that 1 year of waiting, I could have channeled that $150,000 into somewhere else + option trading to earn another $100,000. Instead of playing the waiting and DCA till no end game.
Well, this strategy works pretty fine for me. We need to understand that we cannot earn every cent from the market, see profit takes profit is good enough. Come and share you strategy with us too, guys.