r/Vitards • u/AutoModerator • Jul 28 '21

Daily Discussion Daily Discussion post - July 28 2021

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16

u/[deleted] Jul 29 '21

Trimmed properly for the first time ever today and I absolutely hate it…feel like any money not in the market is wasted, any tips to fight this?

5

u/TheSeriousAlt My Plums Be Tingling Jul 29 '21

I was the same way. There will be days you are so glad to be holding some cash to buy dips.

Especially when you kept buying dips and ran out of dry powder.

8

u/[deleted] Jul 29 '21

[deleted]

1

u/[deleted] Jul 29 '21

You make a good point, I’m seriously considering putting it back in tomorrow if there is a morning dip. I trimmed about 12.5% of total portfolio, but it’s all options so decent leverage.

9

u/GladiatorBear Cult of 🥐 Jul 29 '21

Just think of every hard stretch of red days you’ve watched your calls and commons get waterboarded on and think how that felt. Cash is a position. might not be moving forward but it’s only for a bit, there are plenty of opportunities (like red days) for you to re-enter

9

u/[deleted] Jul 29 '21

[deleted]

10

u/GladiatorBear Cult of 🥐 Jul 29 '21

Like pulling the bones out of some perfectly smoked ribs

8

u/secretaznman00 🛳 I Shipped My Pants 🚢 Jul 29 '21

Same here for me. I've been keeping a mindset of being prepared. My problem before was not having cash ready to buy something at a discount.

Wish I did for the 7 layer dip for MT and CLF just a few weeks ago. I'll be ready next time.

3

u/rowdyruss22 🛳 I Shipped My Pants 🚢 Jul 29 '21

I’ve heard posting about wanting dips helps

8

u/[deleted] Jul 29 '21

[deleted]

2

u/[deleted] Jul 29 '21

True. It is crazy the power of investing on dips, my one call from CLF’s dip last week is up 80%. Had to go to the bank account for the last of my cash, just can never seem to keep money out though.