Once the NASDAQ has a reversal around 13,100 points PLTR should be ripe for Buying at $25-$27.50, then a bullish candlestick pattern should commence. Once I buy, I plan on Selling my shares of PLTR at $39.00/ share. Sector rotations and corrections are inevitable, best to take advantage of the extrapolated lows that graze the bottom trend line. The treasury bond yields are up, but I am doubtful of the significance, the percentages are scant. With another round of stimulus and quantitative easing from the FED, deflation will be averted.
@edwinyip4, Your welcome! Half the battle is personal psychology.
edwinyip4
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@wildjosh1995, it really is.. I'm new to the stock market and the past few days have forced me to act on emotion as i saw the portfolio in continual decline. I'm doing my best at this point to completely not look at my portfolio since i know that I'm not a very good trader. It's not like I'm doing adding new funds to dollar cost avg down so staring at the screen harder isnt going to make my portfolio go up..
wildjosh1995
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Good research minimizes risk and maximizes the probability of gains. It's important to balance optimism and pessimism.
Do you think we are still on target here?