So I finally hit my retirement milestone from my stocks. If I were to sell all my stocks, I can most likely retire just fine, however what should one do if you don't want to sell? The best metric to use is the 200 days moving average.
There are a lot of technical trading when it comes to stocks. The price does not go up and down as randomly as you may think due to algorithm trading which follows a bunch of rules. Knowing the rules may help you gauge where your stocks are going.
One of the strongest supports will be the 200 days moving average. This is the stock price your company will bounce off of incase of a market crash. Tsla, for example bounced off the 200 days moving average during the Covid crash. AMD did as well. So if one worries about market crash/correction/real money vs paper money..use the 200 days moving average to make this judgement. Short term correction or normal corrections bounce off 50 days MA, short term dips usually bounce of 20 ma.
Of course this is not always the case, but it's a really good rule of thumb.
So now I just need to wait for my 200 mma to be at 5 million before really talking to the boss man.
There are a lot of technical trading when it comes to stocks. The price does not go up and down as randomly as you may think due to algorithm trading which follows a bunch of rules. Knowing the rules may help you gauge where your stocks are going.
One of the strongest supports will be the 200 days moving average. This is the stock price your company will bounce off of incase of a market crash. Tsla, for example bounced off the 200 days moving average during the Covid crash. AMD did as well. So if one worries about market crash/correction/real money vs paper money..use the 200 days moving average to make this judgement. Short term correction or normal corrections bounce off 50 days MA, short term dips usually bounce of 20 ma.
Of course this is not always the case, but it's a really good rule of thumb.
So now I just need to wait for my 200 mma to be at 5 million before really talking to the boss man.
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