10 days of -1.5% is ...... -15%
But it hasn't really gone done 1.5% each day. Most stocks have been on a huge yo-yo
Take Surge for example... I watched it for three days. It would go down, back up, down and back up.
I finally scored it at a price I liked but ended going down slightly more but by the end of the day was right back up. Yesterday is went down a bit in the morning (not as low as I got it) but finished the day almost where it was 3 days prior.
Where/when is the bottom
If I or anyone else knows this, I'd be rich!
it's all very much a bit of a guessing game. But if history is any indication, the roller coaster always comes back up and keeps climbing while hitting some valleys. While I might not score purchases at the absolute bottom (because that's almost impossible to know) - I'm essentially hoping and pretty sure that 10 years from now values should be much higher and I've got that time to wait and watch it climb.... when I get to that point (where Snowy is now) that's when I'll look at making sure I pull some off the roller coaster when we're at peak or near peak.
My Andex Chart goes back to 1950
there are no flat lines but the longest potential loss was the crash in 1966 / 1967 - while there was a peak and drop - the values from 1966 to the crash of 1974 / 1975 ended up at the same low. That's the longest stretch (8 years) where someone could have ended up with no gains in stock values. (however you could have earned 8 years worth of dividends).
There has been no greater gap to "make up the losses"