stock market crash

[Old Greg]

Until he makes a profit, duh.

It's simple, you choose something everyone is selling (be contrarian) and then buy it and hold it until you are rich. It cannot fail.

It's like the way that every fiat currency that's ever existed has ended in failure.

Except for those that haven't ended in failure yet.

[scooterscot]

Whats your definition of long term? How long are you holding Centrica?

Long term = buy and forget

Centrica = Until September, will revisit then, unless I've doubled my original stake.

[scooterscot]

Until he makes a profit, duh.

It's simple, you choose something everyone is selling (be contrarian) and then buy it and hold it until you are rich. It cannot fail.

You nailed it.

99% of traders cannot do this. They'll claim manipulation or this & that story in the news etc. Look at AMD holders, bought at $19 and cannot bring themselves to sell an overbought stock.

[northernladuk]

You nailed it.

99% of traders cannot do this. They'll claim manipulation or this & that story in the news etc. Look at AMD holders, bought at $19 and cannot bring themselves to sell an overbought stock.

Very nice, now any chance you can **** off back to your crypto thread and let us amateurs chat about the stock market without your sanctimonious bulltulip every third post?

[Whorty]

Yes, long term stocks are toast. But you can make profits in a bear market, requires good technical skills and no emotion.

[Whorty]

No, timing markets is emotional behaviour. Making money is a marathon not a race.

Meaningless waffle.

[BlueSharp]

The pension is back to pre-covid levels today

[LondonManc]

That's right, in the midst of a lockdown we're all about to go out to the cinema. Utilities however... no one is going to use them again!

Well, our heating has gone off timed to manual. I'd imagine others are doing the same.

[wattaj]

I don't see companies like Centrica rising until people start to go back into offices in large numbers. Or Winter. Whichever comes first.

I made £10 quid shorting Centrica for a bit of fun this morning.

[DimPrawn]

The pension is back to pre-covid levels today

Retire soon before the next pandemic.