Panicked about a stock-market crash?

[mugzy]

Good advice if you are panicked about the stock market activity over the last 6 weeks. I can tell you I'm losing my mind over it.

Panicked about a stock-market crash? What you need to remember fits on one note card.

 

[Lizard King]

Taking a beating the last few weeks!

 

[Lil Ed]

Hows AMZN doing ? a double top or is it forming a Head and shoulders pattern on the weekly?

 

[Mr P]

now you must give a 20% down for a home and Interest rates are going up, very unstable market,

 

[Mike_RN]

Once the drama of impending doom (for Trump) plays out...I predict resignation "deal" to keep Don JR. and Ivanka from doing time...the markets will bounce back. The super wealthy play the emotional roller-coaster card in order to make big purchases of falling stocks. Ride it Out.

 

[Lizard King]

Yep, if you have cash laying around time to go shopping. I didn't buy enough when everything was down in '08 and still kicking myself for some of the stocks I was watching and didn't buy, especially Sirius for $0.05!!

 

[BLTC]

Hows AMZN doing ? a double top or is it forming a Head and shoulders pattern on the weekly?

Looks like a double bottom to me on the daily but I'd wait for the macD to bottom/turn up before dipping my toe in.

https://www.tradingview.com/x/dPzYx9ke/

The weekly shows no H&S topping pattern that I can see. What I do see is price dipping into long term support. Once the the macD on the daily turns up it'll be safe to start a position.

https://www.tradingview.com/x/mv57R0bC/

I wouldn't initiate any new longs until 2019. Should get a nice DCB at that point which will make another good shorting opp.

 

[pix3r]

It will recover, Nov/Dec is the worst time in the market due to tax selling.

I'm down a total of 60K this year, 20 of that being from the last 3 weeks of tax selloff. You only lose if you sell. You should only sell if you dont believe in the company. If you believe in the company and dont need the money, I would let it sit (which is what I am doing).

The other 40k, I sold to tax write-off myself so I can write off against 2019+ gains

As for Amazon and the others... they will recover. Amazon was 1400 8 weeks ago, went back to 1780 2 weeks ago, now at 1400 area. Wait for Feb/March 2019, Amazon will report its earnings for Xmas =)

 

[tommyguns2]

It's only ugly if you need to sell. Otherwise, equities are on sale. Just wish I didn't have 2 kids attending private colleges at the moment so I'd have more cash on hand. But still putting my full amounts (plus catch up) to my and my wife's 401k.

 

[JackD]

I know everyone is freaking out, but I'm hoping it goes down more because I just want to buy a ton of stocks. It sucks because some are going to loose money... which I have a few stocks that lost 50%, but it's the risk of it.

 

[Rider]

Good advice if you are panicked about the stock market activity over the last 6 weeks. I can tell you I'm losing my mind over it.

Panicked about a stock-market crash? What you need to remember fits on one note card.

Admin, what stocks are you holding these days? Tech?

 

[Lil Ed]

Definitely in a correction, AMZN is lookng for a sign of support on the second leg of her first bear flag on a down trend. hopefully she forms a nice cup and handle pattern and than proceeds to breaks all Google Nasdaq stock market records.