Down, up, or sideways erratically is how stocks seem to move nowadays.
Here's how my last week buy the dip stocks went today. Down at the open, up after an hour, rising through mid-day, faded into the close and was mostly positive. ACN and TEAM are still down. UNH, NFLX, HUBS and ADBE went from down almost break even. NOW and CRM went from down to up. MSFT and TSLA advanced further. The index ETFs, VOO and MGK, were stable and remained up.
I'm still down a little from buying the dip. However, the emotions were a roller coaster as the individual stocks look like they might decline further before reversing. Too much anxiety/excitement for me. I definitely enjoyed the results confirming my choice to buy the dip, but who knows what tomorrow, next week or next month will bring. I will scaling out of these individual stock over the next few days, weeks, or months and taking the profit.
Based on this experience so far, I don't expect I will be trading individual stocks for short term profits on a regular or substantial basis. I may occasionally trade up to 10 stocks that I track which allows me to better anticipate short term price movements. Other that that, I will stay invested in the current previously managed accounts and add broad market index ETFs, such as VOO and MGK, on the future dips.
This is not financial, stock, nor investment advice. Please consult a professional advisor.
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