Dear Gamblers,
I never thought I would make such statement, but I have reasons to believe that coronavirus have just triggered the new recession.
Prepare yourselves, this is gonna be painful.
Nobody likes to wake up from "the way overvalued market" but it is like it is.
Strategy:
You can choose whether to say in cash, buy bonds (preferably treasuries) or just short. Bear in mind though that shorting for long periods is expensive, be aware of the fees you will face.
I will be shorting SP500 with an INVERSE ETF from 2830 that will be my entry point with stop loss at 3500. This is a risky play, for more conservative investors i would reccomend the two above.
I am projecting a 3-4 year crysis. Bear in mind that will be huge, you just have to look governments debt compared to the growth.
TIPS TO SURVIVE: Finish soon to pay all your debts, this will smooth the hit.
Stay safe,
BeniGo
***I am not your financial advisor neither I intend to be, do your own research before puting your money at risk***
I never thought I would make such statement, but I have reasons to believe that coronavirus have just triggered the new recession.
Prepare yourselves, this is gonna be painful.
Nobody likes to wake up from "the way overvalued market" but it is like it is.
Strategy:
You can choose whether to say in cash, buy bonds (preferably treasuries) or just short. Bear in mind though that shorting for long periods is expensive, be aware of the fees you will face.
I will be shorting SP500 with an INVERSE ETF from 2830 that will be my entry point with stop loss at 3500. This is a risky play, for more conservative investors i would reccomend the two above.
I am projecting a 3-4 year crysis. Bear in mind that will be huge, you just have to look governments debt compared to the growth.
TIPS TO SURVIVE: Finish soon to pay all your debts, this will smooth the hit.
Stay safe,
BeniGo
***I am not your financial advisor neither I intend to be, do your own research before puting your money at risk***
Trade active:
Sold my etf today. Switched to short term long strategy until 2800lvls.
Have fun with volatility.
Regards,
BeniGo
Have fun with volatility.
Regards,
BeniGo
Trade active:
Sold my long etf today, waiting good prices to enter around 2800-3000 levels.
Take care with this gigantic bull trap. Divergences all over weekly timeframes.
Longs with exposition now in the market can look to close them about 2900-3000 levels, otherwise, you could use this good prices to short it as there will not be this opportunity again after some weeks.
Kind regards,
BeniGo
Take care with this gigantic bull trap. Divergences all over weekly timeframes.
Longs with exposition now in the market can look to close them about 2900-3000 levels, otherwise, you could use this good prices to short it as there will not be this opportunity again after some weeks.
Kind regards,
BeniGo