Quick thoughts - 22 Sep
2-min read - especially for long term investors
Shared this in my video:
At this junction, I would think it is crystal clear that the Fed is not going to pivot, and this is something that I have been sharing when we had that massive rally that stretched from June to Aug.
In my view, J Powell was just reiterating their hawkish stance, which hasn’t changed since day 1. Hence to me, it’s nothing new or surprising. But why did the sell off continue if it’s not something new?
The answer is sentiment and emotions. The stock market is driven by these two. Investors who FOMO into the market in the last 2 months thinking that the market is ready to fly into 2023 probably got a reality check. And when the market sells off, FOMO investors again FOMO with the trend.
The gist of this post is, long term investors should look at the bigger picture, carve out your investment plan, and stick to it! Yes, you will still need to be nimble to make changes when necessary. But it should be based on your own analysis, and not noises out there. As my usual saying goes: don’t chase a raging bull, and likewise, you don’t have to chase the downside (trying to pick the bottom).
Anyway, some of the giant and great companies have hit their 52 week low. I myself have dipped my toes into a few of them (sticking to my plan). And I’m waiting to load up more if they fall further. Some of the target prices that I have set may seem crazy a while ago, but look at where they are now. They have either reached or almost there.
Examples:
Microsoft was at $270 ish, i was waiting for $240-$250, and we are there now, and in fact, it went even lower. Do I sweat over this? Nah. I have another set of lower target prices where I hope to get more shares.
Google - it hit $120 ish a while ago, and i shared that I am waiting for it at $105 or lower. It hit this price point, and went below too.
As shared, I have target prices that are even lower, and I hope they reach these prices. The same goes to other stocks.
Check out my video if you wish to find out a little more. Sharing everything for free - so do like and subscribe if you have some value in it:
At this junction, I would think it is crystal clear that the Fed is not going to pivot, and this is something that I have been sharing when we had that massive rally that stretched from June to Aug.
In my view, J Powell was just reiterating their hawkish stance, which hasn’t changed since day 1. Hence to me, it’s nothing new or surprising. But why did the sell off continue if it’s not something new?
The answer is sentiment and emotions. The stock market is driven by these two. Investors who FOMO into the market in the last 2 months thinking that the market is ready to fly into 2023 probably got a reality check. And when the market sells off, FOMO investors again FOMO with the trend.
The gist of this post is, long term investors should look at the bigger picture, carve out your investment plan, and stick to it! Yes, you will still need to be nimble to make changes when necessary. But it should be based on your own analysis, and not noises out there. As my usual saying goes: don’t chase a raging bull, and likewise, you don’t have to chase the downside (trying to pick the bottom).
Anyway, some of the giant and great companies have hit their 52 week low. I myself have dipped my toes into a few of them (sticking to my plan). And I’m waiting to load up more if they fall further. Some of the target prices that I have set may seem crazy a while ago, but look at where they are now. They have either reached or almost there.
Examples:
Microsoft was at $270 ish, i was waiting for $240-$250, and we are there now, and in fact, it went even lower. Do I sweat over this? Nah. I have another set of lower target prices where I hope to get more shares.
Google - it hit $120 ish a while ago, and i shared that I am waiting for it at $105 or lower. It hit this price point, and went below too.
As shared, I have target prices that are even lower, and I hope they reach these prices. The same goes to other stocks.
Check out my video if you wish to find out a little more. Sharing everything for free - so do like and subscribe if you have some value in it:
From YouTube
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $Invesco QQQ Trust(QQQ.US$ $NASDAQ 100 Index(.NDX.US$ $Microsoft(MSFT.US$ $Alphabet-A(GOOGL.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $NVIDIA(NVDA.US$ $Meta Platforms(META.US$ $Vanguard S&P 500 ETF(VOO.US$ $USD(USDindex.FX$ $iShares Russell 2000 ETF(IWM.US$ $Dow Jones Industrial Average(.DJI.US$ $Twitter (Delisted)(TWTR.US$ $Palantir(PLTR.US$ $iShares 20+ Year Treasury Bond ETF(TLT.US$ $CBOE Volatility S&P 500 Index(.VIX.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Successful investing is about managing risk, not avoiding it. DYODD
Support my YouTube channel: Jay el
5276Followers
44Following
25KVisitors
Follow
Violets : you are so right about sticking to your plan.and you are also correct about the bearish market because many thought there would be a rally before midterms and they're still maybe a small one or even a big one. that pump threw me off because I haven't seen one of those in about 3 or 4 months. it dropped and then reversed and then back down. I'm glad I didn't chase and held my puts looks like they will pay off well tomorrow
Cow Moo-neyOP Violets: All the best to you!
icezzz : What's ur Microsoft lower target price?
Cow Moo-neyOP icezzz: Between 200 to 220s
ppspirit : How about Apple? What’s your target price?
Cow Moo-neyOP ppspirit: Below 145. Am looking a few areas.
Greenback Stocks : we're heading to retest 10500
Durian Crust : Apple will be at 75