After yesterday's 370+ point plunge in the Dow Jones industrial average, caution is advised to anyone who is seeking to go bottom fishing.
Is important to keep in mind that the selloff with regard to the United States stock market was not just limited to our market, we are witnessing a global event, and this could be signaling that something else is simply lurking in the shadows. Now keep in mind, this does not mean that some companies for example Apple (AAPL) in my opinion, are not screaming buys right now. As a matter of fact, if you were to check my website TradersChoice.net you will see that I did take up a position in Apple today however, I am just dipping my toe in here. Click here: https://traderschoice.net/The-Equity-Lists.html
As a professional trader, I feel the best way, and the correct strategy here, is to approach this market with a degree of caution.
Gregory Mannarino
Keeping Up with your Vlog! Educated 21 Year old here, so many people are blind Greg when it comes to Financial Markets! You make it easy to understand, Steem On!
I am so grateful and thankful for your guidance! And, thank you for suggesting Steemit! Have a blessed day!
You as well. Thank you.
That was a very nice complement... Keep up the good work... @pocketechange
Greg, please keep doing your videos and your articles. You've opened up my eyes to so many things. "You've got our back" as you say. And thanks for recommending Steemit! Although I am more of a long term investor (miners and physical), your insight and market analysis of money flow is second to none, as you've nailed so many calls. Anyways, thanks for sharing your knowledge, for free, cause you really don't have to, like you said.
So glad we are able to get a true honest opinion of the market from a trader. Thanks for the info. It did not take them long to give silver a slackdown
Hi Greg , Thank you for all the updates i am sure all of us here does appreciate all the hard work you put in.
Thank you. I do have your back, promise.
Gregory is a nice guy... I'm sure he has your back... @pocketechange
Whomever is buying stocks this morning has a stronger stomach than I do. Other than the few obvious dominant companies like Apple, the outlook seems bleak at best. Hard data continues to dissapoint, but soft data rules these days.
Thank you for all of the great info you provide us! Much appreciated
And the mainstream medias keep on beating the ''Trump slump'' theory. They are just so clueless...
Very insightful. These are the little tips that really benefit new trader's.
I got your back.
Well so far the market seems upbeat however I can't think of any good news that would bring it higher. DR.
You the Man Greg!
How about the gold miners Greg, will they ever benefit when market manipulation ends? I hold many long calls on various miners and they seem to have been run way down as of late and starting to bounce. Should I take profits?
Thank you, and I watched your most recent interview with Greg Hunter yesterday. It was awesome!
I appreciate you saying that.
Got it.
How do you feel about Delcath Systems Inc. Stock?
Greg, where would I go to see how other stock markets are doing?
Thanks Greg, Upvoted:)
When the time is right and the fearful are jumping like rats from a sinking ship, double down. :)
Great post as always. I have an amateurish question I wonder if you will entertain and if not some other users may chime in with opinions. If I have a mortgage, credit cards, two incomes (me/wife=Nurses) and own more than a couple pounds of silver, food, water, coinage, cash $, and roughly $2,000 in crypto, and say I have income of $3200 net after all bills are paid per month what is the starting amount I should put into the stock/bond market before fees/transaction costs/taxes make it a poor decision. Asking because I have made trades in the past good and bad and seen profits eaten up by fees etc. What should I put in to avoid these small but annoying reductions in profit? Thanks for any advice.
Here is my comment/advice. You do not mention how much experience you have, so I am going to try flying blind. First, if you don't have much experience, the truth is that getting it is going to cost you money. The least painful loss is to lose Monopoly money. You can "play trade" with play cash on a few different websites. This is the best, yet most often ignored advice out there. Second, my advice on the minimum cash to start with is $5,000 minimum. This way, you can invest part in stocks and keep some cash set back for bargain days like today (the market had a ~300 point drop).
Whatever starting amount you decide is right, you can test out your decision with paper money to see just how right you are without wasting your hard earned cash. If it turns out you are wrong on the initial amount, no harm done. Adjust your amount and try again.
Great advice. Reminds me of High School Accounting class when we picked stocks with $5,000 in fake money and tracked it throughout the semester. But there was no eTrade back then haha. All I know is I came out ahead buying Viacom, RIM and Amazon. Those were the days... Thanks fkr the reply and time spent doing so. UPVOTE & FOLLOWED!
Once again thank you for your information.
You are spot on as usual
Much appreciated for your daily work.
great crash might come soon????
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Greg you said that the Markets are going go to a true Market Value when it Corrects ? Is that just for the Us Economy or the World Economy ?