Today’s the Plain Leading Toward Distant Peaks.

mountains, landscapeGraphic, STOCKjAW banne, Quality View

MARCH 9, 2020.

The

Saudis want to cut production but Russia won’t play. So the Saudis cut the price of their crude and that wave’s rocking equities.  A million things move markets and some roil them. Either way we play our game plan. Today’s no different. Know that “Today’s the Plain Leading Toward Distant Peaks.”

 

 

people, couple
When the markets go wild take a walk with someone. Active traders often do the most damage by moving too much. Long-term investors often do the most damage by not tracking closely enough.

Panic’s

not a strategy and it never will be.  Seasoning never comes cheap.  Choosing panic today means missing the opportunity to perform as a seasoned investor tomorrow, and there will be a tomorrow.  It’ll be called Tuesday.

 

 

 

Today will weed out the weak.  Were investing easy everyone would be doing it.  Fear and uncertainty are part of the price we pay.  The facts remain the same.  You have to buy when the market is hated.  But buy quality, buy small, use ever wider scales, and be choosy.  This selling could very well go on for days.  Remember that no bottom has materialized.

 

 

Markets bottom when the panic crescendos.  Terror-ridden sellers exhaust their supply of merchandise to heave overboard.  The only people left on the floor are the seasoned and calm.  They’ve penciled in any panic for next month–maybe next month or never.

 

 

Today is a day to keep your hands mostly in your pockets.  We’ve been picking at Alteryx for two weeks and we picked a tiny bit more this morning.  We did so because after this morning we’re currently 15% down and that’s a wide scale and when AYX does come back it will be screaming.  The S&P 500 as a whole is very over-sold.

 

 

This is a market where you let prices come to you.  There’s a time when even the hard-core turn off the screen and laugh out loud about something completely different.  It helps.  Others, mostly us, enjoy hawking the action because the cutting edge is the cutting edge.  We’re done buying today and unless we’re double digits down in something tomorrow, we won’t buy then either.

 

We sold our Bed Bath & Beyond.  It has no where to go but down for now, and we were far too far down.  Removing that cash from the table makes sense.  We are now at 34.5% cash.  We sold Ford as well, at a huge loss.  We’ll share more on precisely why.  As always good luck and good investing.  

 

 

 

That Investing Journey

graphic, flying s.STOCKJAW

Tell Someone.

Thanks for Reading.

aaa-stockjaw-THE REAL BLACKSTOCKJAW.COM

Images sourced from Pixabay.

https://pixabay.com/en/photos/
Pixabay.com is simply amazing–a sprawling compendium of joy.  Thank you Pixabay.  If you also know love and use Pixabay’s lavish resource, please take time to donate to them at Pixabay.com.  We do, truly.

Additional resources:

Investopedia.com.  Seriously Wonderful.  Fact.
http://www.investopedia.com/
Charles Schwab.  In Our Opinion, the best broker going.
https://www.schwab.com/public/schwab/client_home
STOCKJAW.COM EARNESTLY THANKS YOU FOR YOUR INTEREST AND WISHES YOU THE VERY BEST.  THE WORLD BEING WHAT IT IS, WE MUST POST THE FOLLOWING:  ALL CONTENT ON STOCKJAW.COM IS PURELY FOR GENERAL EDUCATIONAL AND ENTERTAINMENT PURPOSES ALONE.  ANY ACTION TAKEN BY ANY READER IS THE SOLE CHOICE AND RESPONSIBILITY OF SAID ACTOR.
Be careful.  Do the work.  Have patience, with yourself.  Never put your dreams away.
STOCKjAW

Dollars Are Employees. We Make Them Work. Slack Dollars Reborn Busy. STOCKjAW helps You make the dollars you worked for work back. Do it simple and streamlined. Or do it Full-Bore. Stocks, ETFs, and more. It's Your cash. Sj helps you point it in the correct direction.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s