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Posts & Investments - #sellgreen

Andrew avatar
Sold AlphabetInvested for 3 days
Just a quick flip before the dip #sellgreen
Mom avatar
Selling $1. This is unsurprising in the wake of the EU cutting Russian imports. #etfedca #sellgreen #liftasyourise
Selling $1, for $14 left in. And now mom is going to say something that’s hard to hear. Stop selling at a loss. Maybe you can’t start buying, that’s fine. It is painful to log in and see a position down 50%, 60%, 70%. It seems like everyone is selling. We’re swimming in a sea of red and inflation is insane. The Fed is going to tamp down growth whenever, wherever, and however it can. Ok. I get it. SPXS is probably getting nice returns. SQQQ, too. I’m not in those positions, and I don’t advise you to be, either. I’m going to use a sports analogy. Keep in mind, I don’t do sports. But most sports, everyone is chasing after a ball, right? So, if the ball is thrown or kicked or otherwise in motion, are you going to run for where the ball is right now? No.. You’re running for where the ball is GOING TO BE. Well, where are we going? Over the long term, we’re going up. Always. SPXS is where the ball is right now. The bears own the market. It is not time to try to be a bear. That time was six months ago. Everyone who had short positions in November is doing well now. You don’t want to try to be that person, unless you have a time machine. You want to be the person who, two years from now, bought at 52-week lows. Go to where the ball will be, not to where it is. Stop selling at a loss. #sellgreen #buyred #liftasyourise #etfedca
I am up 8%, and energy is up 1.7% on the day. I am selling $1, leaving $14 still invested, with a RYE value of $15.62. Consumer Staples, Utilities, and Tech (of all things) are all ALSO up on the day, but not above my average cost (-0.5%, -2.1%, and -4.20% respectively), so those are left untouched. A reminder on my strategy: when BOTH the ETF is up on the day and over the average cost, I sell $1. When EITHER it is down on the day or below my average cost, I buy $2. This strategy costs a maximum of $20 per day ($100/week), and is likely to beat index funds while in bear markets (due to the de-weighting of Tech). When the portfolio grows to the point where some ETFs have $75+ in them, I will switch to selling 2%. Why 2%? Beats me, but when I backtest, that’s the sweet spot of profit taking where it doesn’t explode my portfolio. I reckon the answer involves calculus. This strategy is not really necessarily “mine”, it is simply an application of, “buy low, sell high”, taken literally. #etfedca #buyred #sellgreen #liftasyourise
That said, I have no stocks in my ETF portfolio that meet the sell criteria. #etfedca #sellgreen #liftasyourise
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