Im kind of a noob to investing – Im a college student and put in like progressively 9k into SPY over a period of 3-4 years, and in the next 6 months am planning on investing another 20k or so.
My question is – I have ~20 shares of SPY that I bought @ 450, is it a good idea to
- sell them at a loss
- then short SPY until it reaches the bottom
- then reinvest in SPY when it reaches bottom
OR
Should I just hold until it goes up past 450 (which may not be for a while)?
Thanks in advance
EDIT:
It sounds like people are generally against doing “pseudo-day trader BS”,
What if I were to hold my existing 9k and use the 20k to short SPY over the next few months or is that not a good idea?
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