Best Stocks to day trade in this crash?

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PrivatePilot said:
Umm....depreciating assets are not my idea of "investments". ;)
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Buy a TRS they are already rare, keep it nice for a long time and for sure you won't lose money,
great exercise machine too so you are investing in your health ;) keep you in good shape for fighting off respiratory illnesses.

... oh wait! You will crash it I guarantee that so there is a maintenance cost.
 
GreyGhost said:
Frig that. With daily 30%+ swings based on nothing other than emotions (and many stocks priced well below where I believe is a stable and sustainable level) you could get completely wiped out. Not just the 10K you thought you were playing with.
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Which is why I wrote what I wrote in the last paragraph. Do nothing and make a shopping list for when the bottom is in. Unless you're crazy enough to day trade, do nothing and watch as everyone else loses their money. The stock market is nothing but a tragic reality show right now.

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The Stars Group owns a lot, and handles a **** ton of online sports betting. With sport closed world wide, TSGI.to has taken a beating this week. Poker Stars (also owned by tsgi) is legal world wide, except the usa. (NJ & PA excepted) When laws revert, (rumoured to be soon) and everyone in the usa can play poker for cash online, combined with sport(s) resuming after the flu, tsgi might be a no brainer.
 
PrivatePilot said:
So, if one should happen to have somewhere between $7000 to $10,000 kicking around right now looking for somewhere to grow while taking advantage of current market situations, for maybe 12-36 months or so, where would you all suggest?

Asking for a friend.
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My brother was in that position a good number of years back, needing to boost his equity after a bankruptcy. On good advice from a broker he personally knew, he put $10 K into Bre-X. Their ore samples were salted like pretzels and he lost every penny. :(

One broker passed on his strategy. Let things settle out and then wait three days.
 
Friggin bre-x. I lost my shirt on that. Also the last time I ever used a financial advisor.
 
FYI. Here is a chart of what happened during the Great Financial Crisis in 2008. I'm using it as a rough roadmap of where we're headed to. The Fed events are remarkably similar to what's happening right now. See the "Fed 75bp Emergency Cut"? I think that's where we are right now.

chart.jpg

Planning to buy in ever-increasing tranches on the way down. Doubling-down every 15-20% from the last tranche. Looking to be close to 100% vested when the market hits just below 50% from the peak. If it goes lower, I'll be dipping into margin and credit in a big way.

GLTA.
 
finance.yahoo.com

Federal Reserve slashes rates to zero, restarts QE in emergency Sunday announcement

Federal Reserve makes announcement before markets open.
finance.yahoo.com finance.yahoo.com

chart-jpg.42171


Wow. ZIRP came fast...

One wonders what kinds of bullets the Fed has left when the stock market *really* tanks...
 
not a day trade
but I still like it if you're stuck with the TSX

lost 50% of SP since the selloff
financials prior were solid

TSX:AC

buy and hold should do really well within 12-18 months
 
Seems like a terrible idea auto demand could crater very soon. Wait for thing to go sideways for a bit first

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J_F said:
not a day trade
but I still like it if you're stuck with the TSX

lost 50% of SP since the selloff
financials prior were solid

TSX:AC

buy and hold should do really well within 12-18 months
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Wait for the drop to stop then will be a solid investment. But my advice may not be great I am down 250k on this thing since the start just holding and waiting at this point hoping the Saudi and Russians make up.

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So as the market does a Max 8 what do we do?

Assume a person (John Doe, not me) had a $1 million NYSE portfolio on February 20th. Today it's about $650,000, lost a third.

Hang in it'll come back the gurus say for a couple of reasons. One is they might be right and the other is to prevent a run which creates a self fulfilling prophecy. However at some point a person reaches a point of no return. At some point their equity can no longer sustain them.

What does John Doe do?
 
nobbie48 said:
So as the market does a Max 8 what do we do?

Assume a person (John Doe, not me) had a $1 million NYSE portfolio on February 20th. Today it's about $650,000, lost a third.

Hang in it'll come back the gurus say for a couple of reasons. One is they might be right and the other is to prevent a run which creates a self fulfilling prophecy. However at some point a person reaches a point of no return. At some point their equity can no longer sustain them.

What does John Doe do?
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I've suffered through two >50% drops in my portfolio in my life: 2001 and 2008.

The only difference is back then I was working, I don't have a job now, so the future is less certain.

If I could take any lesson I've learned from my two brushes with financial calamity, it would be, "Don't panic-sell on the way down". Ride it out. It'll come back. Eventually.

Here's a stat.

# of times in the entire history of the stock market that it has completely failed to recover: 0

How long it will take is a different matter and depending on your investing timeline and when you need the money, it might be prudent to chip away some sort of emergency fund from that hypothetical $650K right now.

Just my random thoughts...
 
Lightcycle said:
I've suffered through two >50% drops in my portfolio in my life: 2001 and 2008.

The only difference is back then I was working, I don't have a job now, so the future is less certain.

If I could take any lesson I've learned from my two brushes with financial calamity, it would be, "Don't panic-sell on the way down". Ride it out. It'll come back. Eventually.

Here's a stat.

# of times in the entire history of the stock market that it has completely failed to recover: 0

How long it will take is a different matter and depending on your investing timeline and when you need the money, it might be prudent to chip away some sort of emergency fund from that hypothetical $650K right now.

Just my random thoughts...
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Of course John Doe was hoping you could find a way of him getting his million back in cash so he could buy his portfolio back for his 650 and still get a nice boat.
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