RE:It’s time for a turnaround!This new stream of pandemic investors that just cut their teeth during 2020 are now realizing that stocks can drop big time. I've seen so many get burned jumping in on a fast daily rise in SP trying to catch the bid up. Knowing when to sell is the pandemic investor -' PI 'as my advisor calls them- biggest downfall. The diamond hands moniker is for fools when it's a zero revenue company or a IPO meme stock. Soon now as the PI s mature as investors, valuations will take their place in the biggest part of their portfolios. The average P/E people should use is 10 and P/S is 3 for most stocks. Buying Quality companies at these levels has always been the core of investor portfolios.If your pick isn't there yet time will get you a correction because .......well......that's how the market works. If your a trader then timing is everything,if your an investor then let the stock price come to your valuation level. Rushing in because it keeps rising is how you lose money. My all time favourite way to trade is too buy big dividend companies that have declared dividend already,then to buy 3 days before ex dividend day and sell 1 day after. Then I move on to next high dividend stock and repeat. Most hi dividend stocks aren't falling by much ex dividend. Check out a few DFN,LIF,FFN all are 12% plus payers and all barely moved ex dividend
NOT FINANCIAL ADVICE,JUST MY OPINION