Good evening all,
I have been lurking this subreddit for awhile, and have been trading for 2 years now. Over the past 2 years, I have lost money trying short term day trades/swing trades and options plays. Had some very good days, and very bad days.
This whole greedy short term thing I was trying to do came to a head on Feb 5th with the implosion of SVXY/XIV. I was long both UVXY and SVXY at the close of that day, but obviously the correlation between the 2 broke down completely and I lost a disproportionate amount of money in SVXY. I didn’t lose my shirt but it was still extremely painful.
I have actually started taking everyone’s advice on here with just passive indexing, but with a bit of a difference. I do own stocks that I never plan on selling, ever. XOM KO PFE PG GIS (bought after the drop recently) and EIX. Adding to these is not my priority at this time, just want to have some boring “safe” stocks in my portfolio that pays decent dividends. However, the core position of my portfolio is VTI.
A little over half of my account balance is invested in all of these, with VTI being 22% of my current holdings. I will continue to passively invest in this monthly with money deposited into my account. The other half of the cash is tied up in limit orders for VTI; buying more if it drops 5% (this order already got triggered) 10%, 15%, 20%. I know I am essentially “timing the market” with this, but I guess the reason is I just don’t know wtf is going to happen, and don’t want to throw everything in all at once.
I’m not ashamed to admit that last month shook me out, big time. The past 2 years I have been following the market and it just seemed to go up every day, especially last year.
Submitted March 29, 2018 at 04:50AM by Throwmeawayrnn https://ift.tt/2pM10LU
