I entered market recently only and have portfolio of around 42-43k. Right now I'm in profit of 700-800$, should I sell all stocks and wait for the market to go down(which looks pretty obvious) to purchase again? Stocks: AAPL, MSFT, GOOG, BA, BAC, OXY, CYBR, V, MA, KR TC:200K
Just hold on . Hold BA for a long term and it will go up .
Bottom is in rear mirror. Buy buy buy.
🤦🏿♂️🤦🏿♂️
Do you mean short selling?
Yes
Yeah do it but remember to exit at right time. Don't be greedy. I shorted SPY too
You got to keep in mind the tax implications. https://en.m.wikipedia.org/wiki/Wash_sale
Paying taxes is better than letting the portfolio go negative
All the best with that. I was just bringing that issue to light in case OP didn't consider it.
Your going to be fine hang on
US is definitely going to get this virus under control in a couple months with minimal economic damage. What kinds of negative news are you expecting that would tank the market?
Record high unemployment across the world leading to huge decrease in consumption...
Hold. Buy on the dips and dollar cost average down if you can.
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Selling right now is a huge mistake.