Current Events > Why are so many everyday joes intent on trying to time the stock market?

(+) Yeah! (+)

It happens every time, even here we had multiple posters smugly tell everyone that they pulled everything out of the market because this is just the start of the crash. Of course once to the surprise of nobody who has been following the stock market for a long time it acted irrationally, and now we are higher than we were before the crash.

How many more everyday Joes is are we going to have to see get absolutely killed because they think they're smarter than everyone else?

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It's not higher than before the crash. It's really just FOMO and greed. I myself put in like $25k during this dip, and just put $5k more in my account today.

Volatile times like these are a good time to both make or lose money.

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This situation is relative. Some people sold late, some sold early. The people who sold early, obviously, lost nothing.
The people who sold late lost much. But in general I doubt any of this betting has any accurate reflection on their intelligence. Some of the stock fluctuation is political; stimulus checks assisted the market. The high probability is that no one in particular is smarter than anyone else, and some of the best players of the game are gonna take heavy hits if a crash comes, and some will take heavy hits if it doesn't come. Try not to generalize so much.

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Miletus posted...

But in general I doubt any of this betting has any accurate reflection on their intelligence.

It really should, I don't know how many times people need to hear "don't try to time the market" before they get it through their heads. Eventually you have to stop making excuses for people.

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I sense your frustration. But I think when it comes time to look into that mirror tomorrow morning, you're gonna realize that the market wouldn't be so interesting to you if you didn't see all the varied experiences and perspectives. Have a great evening.

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RevivedPacifist posted...

now we are higher than we were before the crash.

what index is higher than it was before feb 20

the only one i can think of is NASDAQ which isn't really representative

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Miletus posted...

I sense your frustration. But I think when it comes time to look into that mirror tomorrow morning, you're gonna realize that the market wouldn't be so interesting to you if you didn't see all the varied experiences and perspectives. Have a great evening.

That was a lot of words to say absolutely nothing lol.

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Don't complain about the things you actually deeply like if you bothered to self-evaluate*
How's that? Don't insult me. I'm bigger and I hit harder than you.

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TC seems pretty jealous he missed out on the gains tbqh

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Sounds like you're jealous, brah.

I bought and sold at the right prices. Outsides of my high dividend stocks, I'm out. I'm not trying to time anything unless there's another crash like back in March.

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Miletus posted...

Don't complain

What are you even babbling about at this point? I'm not sure why you think posting "you know my name not my story" in 10 different ways counts as a valid point lol.

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RevivedPacifist posted...

What

That's right, what.

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Bestoffuture posted...

I bought and sold at the right prices.

TC comes off as a bit whiny, but you know you just got lucky right? There's been a lot of studies with monkeys throwing darts at a wall who ended up buying and selling at the right price too lol.

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Well duh. For me it's just gambling lol

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