MARKETS,Anybody even yet?

[dinghy]

In for mor LYB. Worst rebound ever.

[case]

News rocks the market and if you are on the wrong side it can be devastaing. I was holding TTD (Trade desk) and on Auguse 8 the ceo announced due to tariff uncertainty advertisers became nervous. This caused Morgan Stanley to make a huge downgrade. It was at 89.00 on the 7th and 53.00 on August 8th. I was caught with my pants down and suffered a huge hit to my portfollio. It dropped even further the following days.

I am still holding all my shares and today it is around just 54.00. Had I used a stop loss I would have been protected but I just did not see anything that dramatic happening. I do use stop losses on many stocks that are more volatile but had non on TTD. I will keep holding because I see good future ahead but it might be dead money in my account for a long time.

I have been on both sides of news but you usually can't predict it happening.

[olds442jetaway]

That happened to me with Disney end of the year 2021. As soon as their woke stuff started hitting the news, it crashed and still is going nowhere. It had beet up to 180 or so and I finally bailed out for a tax loss at 111. Never bought it back. I could have bought it back around 90 in April and bailed again at 124 but didn’t. Duh

[dinghy]

It was at 89.00 on the 7th and 53.00 on August 8th.

Had I used a stop loss I would have been protected but I just did not see anything that dramatic happening. I do use stop losses on many stocks that are more volatile but had non on TTD.

If I liked it at 89, odds are I'll still like it at 53. I'll probably be buying the dip.

I've never used a stop. If a holding declines, I need to assess why. I would never sell merely because it went down.

I realize I'm defying conventional wisdom -- but I'm not conventional, I'm a contrarian .

[dinghy]

This caused Morgan Stanley to make a huge downgrade.

I would add that Morgan Stanley is a bunch of retards. They just recently announced a portfolio strategy shift from 60/40 stocks/bonds to 60/20/20 stocks/bonds/gold.

So they sold bonds after they already went down, and bought gold after it already went up.

If they downgraded a stock, I would take that as a buy recommendation.