U.S. stock futures tumbled Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street. $E-mini Dow Jones - main 2409(YMmain)$ futures dropped 2%, $E-mini Nasdaq 100 - main 2409(NQmain)$ lost 4.5% following big tech decline in early trading, $E-mini S&P 500 - main 2409(ESmain)$ down 3%
Tech shares were among the worst performers in early trading Monday: $NVIDIA Corp(NVDA)$ tumbled 9%, $Apple(AAPL)$ cratered 8%, $Tesla Motors(TSLA)$ down 8%, $Broadcom(AVGO)$ and $SUPER MICRO COMPUTER INC(SMCI)$ down more than 9%.
Bitcoin‘s price plunged to a six-month low of under $50,000 amid a broader crypto market sell-off that led to over $1 billion in liquidations. bitcoin- related stock include $Marathon Digital Holdings Inc(MARA)$ $Coinbase Global, Inc.(COIN)$ $MicroStrategy(MSTR)$ $CleanSpark, Inc.(CLSK)$ all suffered significant losses.
How much money did you lose in a day? What should you do after a stock market crash? We would like to invite you to share your trades!
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Just leave a message in the comment area of this post and talk about how your stock performed today. What are you going to do after a stock market crash?
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⏰ Events Duration
From 5 August 2024 to 13 August 2024
Please leave a message in the comments section of this post . Make sure you include a screenshot of your position as well. $Tiger Brokers(TIGR)$
Comments
🌟🌟🌟Investing can be likened to tending a garden. You get the occasional tropical storms which dampened the plants. But with patience and time in the markets, the garden will bloom to a dazzling display of vibrant flowers. I view the current Bear Market as a summer storm, just a temporary setback. The best way to ride this summer storm is to buy $SPDR Portfolio S&P 500 ETF(SPLG)$ which represents the strongest and largest US stocks. This ETF is a mini version of $SPDR S&P 500 ETF Trust(SPY)$ but the big difference is the very low expense ratio of just 2%. It includes all members of the Magnificent 7 $Apple(AAPL)$ $Microsoft(MSFT)$ $NVIDIA Corp(NVDA)$ $Amazon.com(AMZN)$ $Alphabet(GOOG)$ Meta Platforms and Tesla.
With SPLG I have the combined power of all these wonderful stocks and much more. It enables me to weather the tropical storm so much better than just investing in them individually. Best of all I also receive regular dividends every 3 months while waiting for capital growth.
As Benjamin Graham who was Warren Buffett's mentor likes to say "In the short run the market is a voting machine but in the long run it is a weighing machine."
@TigerEvents @TigerStars @Tiger_comments
Regret not selling off $Global X Autonomous & Electric Vehicles ETF(DRIV)$ when $Tesla Motors(TSLA)$ was surging. Will hold this until it turns green & good bye!