Are you scared 😱? you shouldn’t be, the market has been on a monster run for the past 7 months and recently put in a new high just a short two weeks ago (when the rookie trader was cocky that he was a guru), when everyone is high fiving (at highs) tends to be right around the time that mr market comes in to take them down a peg or three. we warned our members of this two weeks ago as we were closing out positions in spy mdy and iwm near highs and rotating those funds into other investments.
typically the market grinds higher in a slow and steady fashion 🎢and the drops tend to be like a roller coaster as they are fast and full of emotional mistakes (decisions), for our alpha chat, it’s been a week of raising cash and sitting on our hands. now you might be thinking why not short? and that is a great question (you smart you), do you remember how long the last correction lasted? (a correction is a drop of 10% from a prior peak) take a moment and really think 🤔, it lasted a whopping 2 hours, back in january we spent 2 hours in correction territory, for us we’re paid to be long.
chart wise this is great for us as active swing traders right now all the major markets are shaking out the weak hands while we can load up and sell them (dumb money) the same stock in a few months when we’re back at highs and those same people who are scared today with there tails between there legs will be bragging to there buddy’s while we sell them our stock. it’s a simple game if you understand basic human psychology and have a plan, if most people are scared what’s your plan?
@regran_ed from @chefjernard - i was blessed to share this moment with one of the most amazing business partners i know @officialmichaellevine ringing the closing bell at @nasdaq this has been on my bucket list for years. as a supporter of the @bestrongglobal mission and its outstanding work in the prevention of bullying, and in teaching lifesaving skills to our youth being a father of 9 this means the world to me!
to play a part in helping build a more inclusive, safe, and thriving america
their student-led approach, which is active in all 50 states and reaches over 3.6 million students with a message of hope and resiliency is important to all.
i honored to be able to help share this moment with my business peers in raiseing awareness for bullying prevention month, and thank the #nasdaq for lending a voice to the voiceless, and elevating this important work.