The unexpected BLACK tuesday
August report card: The beginning of the month was great, but two weeks in, a storm hit and dragged down the performance of my portfolio. AGAIN!
The next best strategy might be to DCA at the right time to turn the losing stock into a gain. I understand there will be risks, which is why I'm doing it slowly and steadily.
I'm expecting a rate cut soon in September, as cited by FED chairman. See -->Economic Data.
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Also to note in this month, I managed to pick up $Ulta Beauty (ULTA.US)$ at a relatively low price and probably will hold it for a while.
As for $NVIDIA (NVDA.US)$, I sold some to take profit and am closely monitoring it to buy more when there's a discount."
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Overall, August was fairly decent, and I'm looking forward to September, especially with everyone speculating on how many basis points the Fed might cut.
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103970650 : better not expect big cut...
oKaNeMooCHI OP 103970650 : agreed, drastic cut might bring harm than cure
Warren Buffed : Bkack tues is highly unlikely...
oKaNeMooCHI OP Warren Buffed : One such event causes many go into frenzy mode dumping stock like crazy.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
I Am 102927471 :