Time to bargain shop or expect more downward momentum?

Discussion in 'Trading' started by Here4money, Feb 6, 2018.

  1. Here4money

    Here4money

    I put in a few buy orders but am wondering if this pullback will continue for a few days.

    I'm in it for the Long haul, not really day trading
     
  2. lindq

    lindq

    If you're looking for a long-term entry point, my advice is to keep your powder dry. Wait to put the market bottom in the rearview mirror. Too much uncertainty at the moment.
     
    Frederick Foresight likes this.
  3. maxinger

    maxinger

    I am not expert in such trading strategy.
    anyway, all the best mister.
     
  4. tommcginnis

    tommcginnis

    SPX0206openCapture.PNG


    That yellow line is ~20pts above the tops of two two year trend.
    My vote is, "Buy!"
     
    ElCubano likes this.
  5. DaveV

    DaveV

    There is no way to know when the bottom has been reached, so the best strategy here for long term investments, is to keep buying, but not all at once. Use 10 to 20% of your cash and buy some stocks. If the market goes down more the next day or two, buy 10 to 20% more. Keep doing that until 80% invested, leaving a little cash in case of a big further collapse.

    It is crucial to stick to buying quality stocks, with big earnings potential, that have been discounted. Stay away from the market open.