I'm going to go ahead and recommend you skip looking at the market tomorrow if you're a long termer. South Africa's health minister announced Thursday the discovery of a new coronavirus variant that appears to be spreading rapidly in parts of the country. The World Health Organization has an emergency meeting scheduled for tomorrow. This has caused every market open to drop hard. The Nikkei is down nearly 3%, same for the Hong Kong market. Futures for every index are down hard on the news. And please, before you fill the comments with your wisdom gained from hours of social media about COVID just realize that the market doesn't care. It's showing strong signs of a significant drop no matter what your expert COVID opinion entails. The best way to ride situations like this out where you can basically guarantee that a pretty steep drop is coming is to ignore it if your timeframe allows you to. If you're more short term focused my non financial advisor advice is to try and save as many gains as you can and ignore the losers. They'll just become bigger losers. Better to salvage gains if that's at all possible.
TLDR: New Rona variant, Market unhappy, long term investors stay away, short term traders salvage gains.
At least we're only open until 1pm tomorrow right!
#tcardizzle #longterm #swingtrader #headsup
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Japan's Nikkei 225 drops nearly 3% as Asia-Pacific markets slip amid renewed Covid fears
https://www.cnbc.com/2021/11/26/asia-markets-australia-retail-sales-data-covid-currencies-oil.html?__source=androidappshare
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Dow futures plunge 400 points amid fears of new Covid variant found in South Africa
https://www.cnbc.com/2021/11/26/stock-futures-open-to-close-market-news.html?__source=androidappshare
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If anything dips enough, I will take the discount.
@tcardizzle Just can’t imagine how bad it’s gonna be new coronavirus variant some of the European countries already facing some of the cases.
Mom’s gonna buy buy some discounted stocks for Black Friday. And here I thought no one was having a sale I liked.
Susan Stanley@QueSue
Thanks for the update!
I’m still down like crazy from Monday and Tuesday. What should I do? Sell?
Is it always like this? I just recently got into the stock market because I’m self-employed and need some sort of retirement plan. But at this point all I’ve done is lost money. It’s really kind of making me not wanna have anything to do with the stock market.
If twitter dips my options call would be a success
Dont worry your're in here for the long run , this is only for the short term stock traders.@KMC3
Great time to buy as much as I can , it seems. Doesn’t even matter what I buy. But if I liked at 327.20 I gotta love it at 298.30 it’ll go back to 548 again . No worries . Thanks for the heads up.
@KMC3 if you still believe in your positions just HOLD and buy the dip. MY Opinion only, not investing advice. Red & green days ahead for sure
I mean.. you do you @spuddro but catching falling knives rarely works out well. Not sure what stock you're talking about but if it fell from 548 to 298 it's likely because there's something seriously wrong with that company.
@GodsGrace411 unfortunately, my belief in a company gadget Glen me very far lately🤷 I haven’t been investing long enough to have built up a good base and I’m down for the year son I’m just trying to find out the best way to hedge against so this turmoil that’s been going on lately.
Everyone told me all my money in my lockbox wasn’t doing me any good so I started investing. I would’ve had more money…See more
S
@KMC3 Fear is a leading cause of unsuccessful investors. Whats your time horizon? 5+ years? Days or months like this are minuscule to the possibilities of your investments. If you’ve done your research then be confident in your picks.
If you’re tolerance is not that high for losses then start setting stop losses at around 10%. Just an idea, NFA.
P.S- if your average for ASAN is good then expect to…See more
Highbuyer@highbuyer
Black Friday sales on Wall Street?
Finding Greatness@fatheadg6801
👍👍👍👍💸💸💸😎😎😎 preach
Thank you for this post. When I woke up my eyes nearly popped out of my head when I saw how much I was down. I’m in the same boat as @KMC3 and lost about 16% of my investments so far. Only started a month ago but I’m in it long term so I’ll cry into my pillow until this passes. Not much else I can do. Nothing left to buy the dips right now 😭
Red days come. Need to look at the big picture . Zoom out and look at company profile. Business model, financials. May need to wait for gain or choose another stock. Need to have conviction in your decisions. If not, look at etf or bonds. Not financial advice. Diversity is key across categories
Looks like my Black Friday shopping is going to be on stocks and crypto !
We were honestly due for a correction. Now almost all stocks and cryptos are on a Black Friday Sale!
@SoFloErika exactly. I’m down so far it’s gonna take a year to recoup from all this. I’m really regretting investing. I know it’s the entire market, but that doesn’t mean the entire market is going to bounce back. It just keeps going down.
I guess I shouldn’t be investing. I don’t have enough money to lose it in such a mass amounts 🤷
Mara Schulte@pinkwater
Not an expert covid opinion just hoping everyone in South Africa will be ok. And no I'm not saying that to sound moralistic, I was only making a kind statement.
Well said @A007Kenny I can use a sale to reach some of my portfolio goals.
Joined 1 month ago and I am learning from some great traders like yourself. Doing research and D Diligence to become a part time trader with a full time job.
Hopefully we can all get action and hit the moon 🌙
I’m over the scare tactics
I am an expert in covid, but that’s besides the point 😂. Not to sound insensitive to the situation, but wouldn’t it be smart to invest in bio/pharm companies here in the US? Hate to be so opportunistic, but on the other hand theoretically it would financially help some of these companies with new therapeutic interventions?
