I dumped all my GOOG and AMD a few minutes before the close Wednesday to take profits and be in cash. So on Thursday I was happy that they both went back down with the Nasdaq. But today early Friday I'm not so happy being uncertain as to what the heck to do. I could buy the dip for both after this morning's open. Or try to. It gets hairy in the first few minutes as many of you know trying to time trades.
Even if I buy the dip for both today the Nasdaq and other markets could be on a downward trend which means I may have to wait weeks for it to go back up. If I don't buy and sit on the cash the markets, mainly Nasdaq, could go up for a day or two making me miss out on another round of profits. Not trading any options btw, just at market buys/sells.
If I can't make profits most of the time by timing those two big stocks holding for a few days or by day trading I'll probably never be able to do it with meme stocks or any single stocks. Lucky I have dividend income from Franklin and Vanguard mutual funds to live on.
And the div income from the Franklin one, FKIQX, is pretty high at 4.5% yearly after the fees have been paid. But they pay that much because the fund takes more risks than other mutual funds with bonds and other things. That's why Morningstar gives them a 3 star rating out of 5 due to the risk. And it pays a hefty year end long and short term cap gains. Maybe I should dump all the mutual funds and go for ETF so I can day trade them.