Don’t hate me; one critical trait that retail investors have difficulty grasping is theability to react(to market conditions and price actions).
Markets are volatile and situation is constantly changing. What you planned days or weeks in advance might not be the same now.
A bearish engulfing candle is spotted on the$SPDR S&P 500 ETF (SPY.US)$DAILY chart, and together with Fear & Greed index at 70 (it dipped from 76 at the previous close). I think its wise to refrain from (or go smaller with) your LONG positions. Thread carefully!
What I will be doing: 1. Tightening up my stop-losses 2. Take profit on my winners (SOFI, AFRM, CCL) 3. And for anyone who are still holding in the RED. It is never wrong to sell your losers and raise cash and prepare for any potential dips!
HENG KURAGI OP : https://x.com/hengkuragi/status/1846387148007919727
HENG KURAGI OP Ultratech : thanks! does that mean we have to wait for another 3 days for a better confirmation?
HENG KURAGI OP Ultratech : gotcha. let’s wait for the bank earnings to see this takes us