I thought I was buying the dip :(

[u/Luk164]

Am noob, thought I was buying the dip, market reopening with -5% quickly taught me I was not. Should I hold?

[u/VisualMod]

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Total Submissions	1	First Seen In WSB	4 years ago
Total Comments	4	Previous Best DD
Account Age	7 years

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[u/Unlucky-Clock5230]

You did buy the dip, congrats. This is another dip. Hurry up and buy it, the market is closing soon.

[u/D1ngus_Kahn → u/Unlucky-Clock5230]

Gay bear wisdom; "there's always a bigger deeper bottom."

[u/Luk164 → u/Unlucky-Clock5230]

I dunno, there could be some retaliation from other countries that would worsen it

[u/Unlucky-Clock5230 → u/Luk164]

I never said that there is not going to be another dip next week.

[u/YatusabehPapito → u/Unlucky-Clock5230]

You are quite mean to him.

Here, have an upvote ⏫

[u/Opening-Narwhal-7100 → u/YatusabehPapito]

Those are all the angry bols who bought all the dips for the last 3 months.

[u/Zman1917 → u/Unlucky-Clock5230]

We gotta come up with a name for more than 3 dips in a row frfr

[u/thewheeliekid → u/Zman1917]

The Triple Crown

[u/Opening-Narwhal-7100 → u/Zman1917]

A crash perhaps?

[u/Fit-Property3774 → u/Luk164]

Oh now you want to put some thought into it lol

[u/1HE__0NE]

if you think this is the dip wait till we get into recession

[u/Difficult-Court9522 → u/1HE__0NE]

We dropped 20% compared to the peak. Can it drop more?!

[u/SeasonGeneral777 → u/Difficult-Court9522]

losses are capped at 100%

[u/Stunning-Foot8586 → u/SeasonGeneral777]

This made me LOL

[u/Ordinary_News_6455 → u/Difficult-Court9522]

Yes.

[u/Difficult-Court9522 → u/Ordinary_News_6455]

How?!

[u/Ordinary_News_6455 → u/Difficult-Court9522]

Market was fueled with ai hype and fomo momentum. It was due for a correction. Throw in orange makeup man uncertainty and you get full blown crash. Maximum pain.

[u/mosmondor → u/Ordinary_News_6455]

It's not a crash, it's a reset.

Repeat after me.

[u/DeconstructingDad → u/Difficult-Court9522]

??? What exactly are you confused about?

[u/Primary_Garbage6916 → u/Difficult-Court9522]

Global trade war with tariffs 3x worse than what exacerbated the Great Depression?

[u/Complete_Biscotti151 → u/Difficult-Court9522]

Tarriffs can drop global trade by 30-40%

Inflation in america causing lessor purchasing power means less sales.....

Major job losses in china....means less purchasing power....they also buy less goods from US....

Overall more money in hands of governments and less money in hands of people....more friction in the economy....low growth era....

Though I believe good for US in long term as manufacturing dependence on china was not sustainable

[u/ninjadude93 → u/Difficult-Court9522]

Maximum market drop was like 83% back in the 1920s lol tariffs are even more extreme this go round

[u/ThroatPlastic6886 → u/ninjadude93]

Lmao. Tariffs are not more extreme than banks just not having anyones money in the 1930s

[u/ninjadude93 → u/ThroatPlastic6886]

Im saying the rates imposed are more extreme

[u/Frosti11icus → u/ThroatPlastic6886]

Remember all those banks failing a couple years ago for reasons that weren't made entirely clear and the government just sort of managed to make the problem go away?

[u/mustanger → u/Difficult-Court9522]

[u/HarmadeusZex]

Every dip has a dip

[u/fludgesickles → u/HarmadeusZex]

When one dip closes, another dip opens

[u/Ok-Helicopter-641 → u/fludgesickles]

They called them dip sticks.

[u/Luk164 → u/fludgesickles]

I will remember that

[u/Killahbeez → u/HarmadeusZex]

I dip, you dip, we dip

[u/hiya-manson → u/Killahbeez]

Was waiting for this

[u/Ok-Helicopter-641 → u/HarmadeusZex]

A dip within a dip? Now that's a new concept.

[u/Mostdinner7 → u/Ok-Helicopter-641]

Dipception

[u/Beezer_MB → u/HarmadeusZex]

Do i buy the dip's dip or wait for the dip's dip dip? May go exponential with enough convincing.

[u/ThisismyBoom-stick]

You're supposed to buy the dips dip dodge duck dive dip.

[u/Luk164 → u/ThisismyBoom-stick]

I got none of that

[u/ThisismyBoom-stick → u/Luk164]

You can dodge a dip you can dip a dodge.

(Watch dodgeball)

[u/ProofByVerbosity]

This is more like a nuclear bomb than a dip. You're right in concept, but jury is out on how many more "dips" we'll see. Don't take advice from anyone here including me, but I would nibble little bits on the way down. Don't blow your whole load on 1 "dip" buy, edge it and DCA on the way down, but don't overcomited to one play.

[u/LiquidSquids → u/ProofByVerbosity]

"but don't overcommit to one play"

Should 50% of my retirement account not be ATM SPY Puts expiring on Monday?

[u/matchaSerf → u/LiquidSquids]

Considering how many blokes made bank today it might end up being a lifechanging profit. But even so I don't have the appetite to risk any real money on this market. Cash holdings with a minority of positions in case of a revoery, and a small amount in puts to hedge or even secure profits.

May consider DCAing on the way down but I suspect this current state of affairs may last months or more... as others have said we are unlikely to see the kind of recovery we saw in Covid 2020, if we have even reached the bottom yet (as we saw on Wednesday, there are still many bagholders remaining unwilling to close at a loss) 

[u/goreTACO → u/matchaSerf]

Some puts with like a 2 month expiration on spy for insurance purposes should be regardless just to hedge your longs

[u/goreTACO → u/LiquidSquids]

No, should be more like 90%, the other 10% in, fuck it i don't know? Gold?

[u/ElegantDaemon → u/ProofByVerbosity]

Catching falling knives is super fun.

[u/Luk164 → u/ProofByVerbosity]

I am not buying anymore, just thinking about holding and hping or selling and taking the hit

[u/ProofByVerbosity → u/Luk164]

I wouldn't sell and take the hit, that's me. If you don't need the money for 6 - 12 months just be patient and take profit.

[u/Luk164 → u/ProofByVerbosity]

Yeah going long is an option

[u/ProofByVerbosity → u/Luk164]

on SPY? for shizzle it is. If it doesn't recover in a year or two then shit has really hit the fan and you better have invested in a gas mask and shotgun.

[u/ThreeEyedAngel → u/ProofByVerbosity]

Well it could be a lost decade without any civil chaos, just a weak market because of uncertainty

[u/Emergency-Apricot700]

[u/Jeiyu1]

Each time you scoop the dip with your chips, it gets deeper.

[u/Grouchy_Value7852 → u/Jeiyu1]

That needs to be an inspirational poster, or banner on this sub

[u/ham_sandwedge → u/Jeiyu1]

🤯

[u/itsnotshade]

Welcome to the long term investors club. We like to tell people to buy the dip.

See it’s not catching a falling knife, it’s DCA’ing!!

[u/HourKaleidoscope4519]

Buy the first dip get the second one free.

[u/Antialergico → u/HourKaleidoscope4519]

2 for 1 dip deal

[u/Agitated-Key4016]

Don't worry I bought a chunk yesterday too... so... got me too.

[u/Luk164 → u/Agitated-Key4016]

Are also going to hold or did you sell?

[u/Agitated-Key4016 → u/Luk164]

I only spent ~20% of my cash yesterday, will hold what I bought and wait to redeploy the rest.

[u/NinjaChore]

I also bought the dip and it keeps dipping

[u/ThroatPlastic6886]

max pain is usually -50% or so.

If you have extra cash on the sidelines, break it up into 5 increments and buy for every -10% step downward.

[u/actias_selene → u/ThroatPlastic6886]

so what happens if it goes below 250?

[u/Threeseriesforthewin]

Does no one remember the last trump presidency? Why would anyone be long with trump in office

[u/ThroatPlastic6886 → u/Threeseriesforthewin]

idk. Probably bc the market returned like 80% during his first term...

[u/QwertyPolka → u/ThroatPlastic6886]

Reverse Drump now, -80% & you will like it

[u/AvsFan1981]

Just wait until the first quarter of earnings come in after this. We haven’t seen anything yet

[u/Luk164 → u/AvsFan1981]

I am not sure if you are trying to scare me or not

[u/PowerfulPop6292 → u/Luk164]

He is trying to scare you. We are in unknown waters so there is no guarantee but we had good employment figures today. We may see tariff deals get made. Who knows what may happen? It could be good suddenly and you take your profit or it could hurt for some time. But as someone said above, if things get way worse even those who got big profits on puts this week will be next to us in bread lines or the front lines of war.

[u/Indian_honest]

Ahh classic 'not accounting for the dipper dip' mistake.

[u/Moist-Ad-5280]

You forgot to buy the dip's dip though

[u/Softspokenclark]

the dip just starting. waiting for those glorious 300daysb

[u/NigerianPrinceClub]

SURPRISE, MF'er!!!!

[u/Iamcreative11]

The dips will continue until morale improves

[u/sloshymage]

5% is nothing. 70% down, still holding

[u/ClassicMatt101]

Man, it’s going to keep dropping. We have degenerate morons running the country.

[u/Narrow-Yard-3195]

Imagine buying puts into that dip getting dippier…5DTE.. get this… on the same Friday prezzy says fuck tariffs on the following Sunday.. trader wakes up Monday, holy shit spy’s up $25 fucking dollars.. wtf.. walks into Monday with no balls and sells for a bit of, perhaps quite a bit of a loss, there’s definitely still some value.. or waits until Friday to see what in the loving fuck can happen next week? Stay tuned!

[u/VitaminDismyPCT]

The trick is you always half port the dip you think is the dip

Then you other half port the new dip

Can’t go tits up

[u/goreTACO]

You didn't buy the dip, you tried to catch a falling knife

[u/Ok-Helicopter-641]

You were. But there's a new different dip every day.

[u/Derang]

"Hey guys, look at this dude."

[u/ramdomvariableX]

Falling knife, how deep is the cut?

[u/Optimal-Description8 → u/ramdomvariableX]

Tis but a scratch

[u/hillabilla]

Making Depression Great Again!

[u/lnsip9reg]

Whatever you do it will probably be the wrong decision. Welcome to the stock market 😅

[u/Informal_Action_1326]

my brother, this is just the start. be patient the market is not going anywhere back up without you

[u/Dependent_Sink8552]

The falling knife just went right through your hand.

[u/terrybmw335]

It's only a loss if you sell. :)

I've been averaging down on SPY, and SPYT myself. Been saving 60% dry powder for a year for a dip like this so not going to pass it up. I have progressive buy ladders setup in 6% drop increments.

[u/127_0_0_1_body]

Welcome to the dipping

[u/DarkScottishAle]

Get dipped on homie

[u/climbstonk]

So in this year ….

Nasdaq to 5000-7500 SP500 to 2000-2500 DJIA to 15000-17000

Your welcome

[u/RankUpLife → u/climbstonk]

That’s crazy

[u/marchuah]

Let’s dip to 2000

[u/ViewFromHalf-WayDown]

You’re trying to catch a falling knife

[u/Conscious-Method5174]

I shorted the dip 🥴

[u/bushtactics]

Damn the dip got hands

[u/Swamivik]

[u/kyel566]

Dip keeps dipping, it do it do

[u/Efficient_Deer_8605]

5 more days of dips next week

[u/Hodorous]

You will have multiple tips to buy :3

[u/gororuns]

Didn't you see the meme with the ocean last week on here about buying the dip? That's exactly what buying the dip feels like.

[u/Outrageous-Orange007]

Bahahahha

Ive said it like ten times now and I'll say it again. Anyone who didn't pull out the first few weeks when Orange man came in has a crater size dent in their cranium.

Thats okay, no hate, but lessons learned right. Now don't ever touch markets again

[u/SBiscuitTheBrown]

posts without column headers deserve shame..

[u/bipolarbear326]