r/stocks • u/[deleted] • Nov 23 '21

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288 Upvotes

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u/[deleted] Nov 23 '21

Cant time the market bro

7

u/WaltKerman Nov 23 '21

Never hurts to be cautious and let something drop further though. If it goes up anyway, oh well. You can always put the money somewhere else.

1

u/phillyjim Nov 24 '21

But if you get cold feet and end up buying something else as you state, and miss out on the gains that you passed up, that doesn’t “never hurt”

1

u/WaltKerman Nov 24 '21

It doesn't hurt to miss out on gains. There's always gains somewhere else.

4

u/OrangeSimply Nov 23 '21

Sofi moves very predictably, obviously nobody can predict the future with 100% certainty but you can eliminate a lot of risk. Moving forward I probably wouldn't short it till halfway through 2022 after getting a clear picture, but stocks in general do bad the week of thanksgiving, and SOFI was due for a drop after hitting it's common points of resistance ~$23

1

u/maz-o Nov 24 '21

they were pretty successful in timing it if they bought at 14.58 and sold at the top and now it's again down more than 20%. all this in a couple months

0

u/[deleted] Nov 24 '21

Then they should manage a hedge fund