WATCH THE VIDEO
BOTTOM LINE:
BEAR MARKET DECLINES SUCK AND ARE PAINFULLY QUICK TO MANIFEST ON THE DOWNSIDE. ESPECIALLY THE INITIAL DROP FROM THE HIGHS.
BEAR MARKET RALLIES (COUNTER-TRENDS) ARE ALSO FIERCE BUT DEVELOP AND FAIL MUCH MORE QUICKLY. (YOU NEED AN ATTRACTIVE, AND DEADLY, TRAP TO STOP A RAGING BULL).
BE AWARE OF YOUR RISK. PAY ATTENTION ACROSS TIME HORIZONS AS APPROPRIATE TO YOUR STRATEGY.
BUY: $2,900~
SELL: $3,200 - $3,250 (FIRM - NO ALLOWANCE OTHERWISE)
STOP: $2,700~ (MAX RISK)
IF YOU DON'T OBEY YOUR STOP OR SELL YOUR TARGET YOU WILL LIKELY REGRET THE DECISION TO HODL.
BOTTOM LINE:
BEAR MARKET DECLINES SUCK AND ARE PAINFULLY QUICK TO MANIFEST ON THE DOWNSIDE. ESPECIALLY THE INITIAL DROP FROM THE HIGHS.
BEAR MARKET RALLIES (COUNTER-TRENDS) ARE ALSO FIERCE BUT DEVELOP AND FAIL MUCH MORE QUICKLY. (YOU NEED AN ATTRACTIVE, AND DEADLY, TRAP TO STOP A RAGING BULL).
BE AWARE OF YOUR RISK. PAY ATTENTION ACROSS TIME HORIZONS AS APPROPRIATE TO YOUR STRATEGY.
BUY: $2,900~
SELL: $3,200 - $3,250 (FIRM - NO ALLOWANCE OTHERWISE)
STOP: $2,700~ (MAX RISK)
IF YOU DON'T OBEY YOUR STOP OR SELL YOUR TARGET YOU WILL LIKELY REGRET THE DECISION TO HODL.
Comment:
Very close to stop hitting if you have set to $2,700.
If so OBEY the stop. Don't get hopeful. Longer term is BEARish!
If so OBEY the stop. Don't get hopeful. Longer term is BEARish!
Although the material contained in this video was prepared based on information from public and private sources that I believe to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and I would like to expressly disclaim any liability for the accuracy and completeness of information contained in this video.
This video is distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date hereof and may be subject to change at any time without prior notice. I (Economic Ruminations) do not have any obligation to provide revised opinions in the event of changed circumstances. All investment strategies and investments involve risk of loss. Nothing contained in this video should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
Any ideas or strategies discussed herein should not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial objectives, needs and risk tolerance. I (Economic Ruminations) expressly disclaim any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
The information contained herein is not, and shall not constitute an offer to sell, a solicitation of an offer to buy or an offer to purchase any securities, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service.