To be certain, I like buying stocks like GPN, ATVI, ADSK (and LCID on the ridiculous lock-up selloff). Trading stocks that appear to be oversold can work, but you have to understand that you are swimming against the current (running counter to momentum that typically drives the broader market). I also trade momentum, but currently have the defensive team on the field.
For my trading money: I'm pleased with year-to-date results; I'm okay to watch the NDX break through 16000 near-term; I have raised cash position above 60%; and have started buying some SQQQ. More importantly ... I will "patiently wait" for an opportunity that feels right.
My comments above pertain to trading activity, not long-term investing. Though I would be okay with any of my trade turning into investments.
I'm not a day trader, but I trade stocks every day. And I like those times when I have large cash balances and stocks go on sale!
banhocktan
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I still believe in ADSK. Great time to swing trade. RSI oversold.
For my trading money: I'm pleased with year-to-date results; I'm okay to watch the NDX break through 16000 near-term; I have raised cash position above 60%; and have started buying some SQQQ. More importantly ... I will "patiently wait" for an opportunity that feels right.
My comments above pertain to trading activity, not long-term investing. Though I would be okay with any of my trade turning into investments.
I'm not a day trader, but I trade stocks every day. And I like those times when I have large cash balances and stocks go on sale!