@WisemanCap@RobinhoodApp@Drewalphatrades No, you can take 10-15 small positions until big opportunity shows up and you will not have to worry about settling transactions
$SPY #NASDAQ Selective tech stocks have gone super parabolic in a very short time
Huge bump in Valuations
Definitely caution warranted, chasing high fliers often burns portfolios.
Valuations can stay irrationally overvalued though
This is not the first time and won’t be the last
Best is to look for good companies that are still trading at discounted prices.
@Maximus_Holla $RKT & $QXO are AI leaders in housing business. I am not going to touch them for 3-5 years at minimum. I was hoping to add more $RKT after ER but it did not go down enough
@Maximus_Holla People need to understand that successful traders can hold on to even losing positions and that makes no difference to their overall performance.
@Pharmdca Glad to have pulled out money on this recent rally and suffered 7% loss on portfolio. Will have enough cash to average down gradually with patience.