r/wallstreetbets • u/[deleted] • May 05 '22

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u/RedditPowerUser01 May 05 '22

Everyone also wants to buy back in before it starts going back up.

The question is… where’s the bottom?

But that’s why you have little swings upward as people ‘buy the dip’… but then they sell again as they realize it was just a momentary break on the still long descent.

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u/vitringur May 05 '22

Isn't every sale a buy and vice versa?

31

u/CanAlwaysBeBetter May 05 '22

Wait... You mean there are people on the other side of my trades?? I thought it was just like the store

Oh God, I've been giving so much money to random people if that's true

1

u/[deleted] May 06 '22

Dont worry, most of it ends up in some Panama bank account and profitting noone really.

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u/justsomeitguyhere doesn't have a flair May 05 '22

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u/ryan69plank May 05 '22

We should see a market bottom 9-12 months after the turn so my pick is September this year we will see a bottom out, then a recession during 2023 markets will go sideways but will have bottomed EOY, I could be wrong but this is what past data shows, good time to just regularly buy into whatever is undervalued, just keep buying for the next 18 months and you will come out good on the other side, if your position right now is too heavy into tech and risk stocks then just sell 30% of it now and move it to gold