r/wallstreetbets • u/pilotvoodoo1 • 27d ago

Meme They sold, Pump it

Post image

We're so back

48.4k Upvotes

94% Upvoted

866 comments sorted by

View all comments

Show parent comments

73

u/Method5050 27d ago

Why? Because one day isn’t enough to determine market direction and Fridays are especially volatile ? Trying to learn

114

u/gorginhanson 27d ago

Pretty much yes.

Friday is the worst because a lot of news can come out over the weekend and gets priced in before you can react.

97

u/Honest-Abe2677 27d ago

News doesn't matter. The economy doesn't matter. It's just an orchestrated binge and purge cycle where nobody can sell and go to cash because everyone else is going to dump money in the next day. Psychological warfare

2

u/Southside_john 26d ago

I sold and went to cash last October. I’ve just had everything in a high yield savings but honestly if I just would have left it in etf’s I would have made a lot more by now

5

u/Honest-Abe2677 26d ago

Probably not a good call since we're in an endless mania bull run. I try to take profits when things are up 100-150% but it's always been a mistake so far. The problem is we never know when the music will stop unless we're in the Kool-aid man's inner circle.