More sell off?
Let’s see how much sell off we get in the market later when it opens. But.. again, don’t be too fixated about a certain outcome. I mean, what if we have a bounce into the second half of the day? Or we have a bounce tomorrow just in time for options expiry? Bears would be trapped
So does this mean we should go long in anticipation of a bounce? The counter agreement to this would then be “don’t catch a falling knife”. I mean, would you dare to go against this downtrend? I wouldn’t.
So the gist is, if you’re late to the party, don’t chase - unless you spot a nice set up. Otherwise wait for the next chance.
Honestly, no one can accurately predict the market direction.
So does this mean we should go long in anticipation of a bounce? The counter agreement to this would then be “don’t catch a falling knife”. I mean, would you dare to go against this downtrend? I wouldn’t.
So the gist is, if you’re late to the party, don’t chase - unless you spot a nice set up. Otherwise wait for the next chance.
Honestly, no one can accurately predict the market direction.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Successful investing is about managing risk, not avoiding it. DYODD
Support my YouTube channel: Jay el
6086Followers
45Following
28KVisitors
Follow
razo2 : if bears want to short just wait for the 200MA. you have plenty of meat to eat.
101823892_antony : Wedbush analyst Scott Devitt reiterates Meta Platforms (NASDAQ:META) with a Outperform and maintains $350 price target.
Cow Moo-ney OP razo2 : SPY?
104562776 : Market just throwing emotions and bearish sentiments around. People being irrational and unforgiving.
Limster : Wont know when is the bounce so accumulate bit by bit when it is down since the earning is fine. Knee jerk effect.
Cow Moo-ney OP Limster : Totally agree
Markio1315 : it's not selling off like yesterday because waiting for Amazon. Options expiry tomorrow too
PolyQ : The numbers are screamibgly good, why sell off?
Cow Moo-ney OP PolyQ : Nobody can truly pin point the reason(s). Market can be irrational