You are correct. You need to learn how to go long and when to start shorting. You won't get rich over night but when you do this, little by little you will retire very happy. I learned a very hard lesson in 1987. Took me years to recover. Now I'm in the game all the time. If you are a new investor, I can almost guarantee you that wall street will take you money at lest once.
BTW. this felt very much like 1987. To much to explain but you get the message
How will Wall Street get the small investor to buy again? The are running out of scams!
Good, Let N Korea fire another shot, China will dump them just like the old USSR dumped Cuba and Vietnam, China does not need another headache to drag the economy down any more. They leaned this lesson from the USSR going bankrupt.
We are almost finally there. Wall street crooks jacked up the ipo price and knew the retail greed would push it up to 120. Between 60 and 70 represents value.
Looking for low 20's. FB or GOOG will make an offer around 20 or high teens.
TSLA will need great earnings!
Been holding since 1999 and having been hearing that same story for over 15 years. Hold if you want to make money for the long term. Day traders can ignore this post.
Don't lose faith. You have to be in it for the long haul. I brought 100 shares Jan 1999. After 3 splits I know own 2800 shares, and I'm in at a very low price per share. I will lose faith when the apple users stop using apple products, until then, just don't think about it and check it again in 10 years. You will have a great retirement if you hold for the long term.