Poof. Just like that,.. it's gone. The feeling that you should have known better. It was all good, till I made that last stock purchase .
Why did I have to buy just before that last fateful plunge into the market,just before it fell dramatically ? Why ?
It seems that now I'm trapped, in this house of cards, where domino's fall randomly,and their are few winners.
I came for the action, and now it's nearly cost me my life's savings, maybe more.
These are the strong feelings,the after shocks and with it the psychological and financial damage that occurs when traders fall for "the market trap'. The bear trap specifically.
Should I hold on ? Maybe price will come back and I can get out even.?
Surely they will announce a cure for the virus, and the market will sky rocket, just as soon as I give up , and sell everything.
Unfortunately you come to realize all of this the hard way, he lesson that price disappears in a bear market.
That's how you can tell, for sure,without question, that you are in one.
With record unemployment, record personal and national debt, rioting in the streets, trade wars and emerging cold-wars? And the Fed in panic mode and the US possibly on the brink of civil war - oh, and a virus that is not yet and may never be 'cured' - you need to ask WHY was the market rallying? How was that ever sustainable? Sure, the smart thing to do is 'buy at the bottom', but that wasn't the bottom. The bottom and a true recovery is a LONG way off still. So sit back and try to enjoy history in the making as we surf the next wave to new depths.