I am also down big, 7 figures in the last week. Looking at a 5-year NASDAQ chart, the downturn does not look too unusual. As far as bailing out, it may be time, but human nature is to sell at the bottom. I am currently riding it out.
Me too. Brutal week.
My thinking is that once the factories in China start humming again and the ships sail from port, then the stock market will start to rise. It is all about supply issues and frankly a very important issue...
So for the short term the world needs Chinese factories to re-open. In the long term, President Trump’s goal of de-coiupling from China has to be realized.
Of course travel, air and even oil will take a hit due to low demand. But with lower fuel prices that could spark even a more robust turn around...
And I know nothing about the markets...
We just put in an order to add additional equities to our account
The markets have lost ~10% or so.
If you lost 7 figures, and it wasn’t due to leverage, you still have far more than most.
Depending on what your lifestyle/run rate is, you’re still in pretty good shape.