Yesterday I was elated and today not so much as downside volatility creates some emotional stress. It's been a bit of a roller coaster for the buy the dip stocks. Yesterday, I thought the dip was over. Today, I'm not so sure.
They were down at the open, recovered a bit buy noon, the down again until 3PM, and then advancing until 3:30 before final dip and V advance at to close at the high of the day. Whew, that was too much excitement and anxiety for me. My buy the dip stocks followed the same trend as a group, but did not close at the high of the day. Unfortunately, several but the dip stocks were down 1-2% due to the wholesale producer prices edging up higher than expected.
I made two purchases today, both index ETFs, RSP and VXUS. Those index ETFs were both relatively stable today, which is the low volatility I am trying to achieve in the future.
In the meantime, I plan to ride out the volatility on the buy the dip stocks that I have and deciding whether to sell or hold as they become profitable.
This is not financial, stock picking, nor investment advice. Please consult a professional advisor.
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