First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said today, the Dow Jones dropped nearly 1700 points. Stocks with positive news or on the verge for bullish runs or breakouts dipped. High profile companies also plummeted. It was one of the worser days of the year. However, is a day for the amateurs and the big dogs. There are types of people who panic sold their portfolio losing upwards of tens of thousands of dollars right during the Coronavirus tanking period right before the stock market rallied. These are the type of people that trade stocks for fun and don't have the nerves for the real market game. Panic selling many times such as these, usually never ends out good. The market recovers shortly after, and people lost tons of money they didn't need to lose. Instead, diversify. Take out decent profit, and get rid of the historically really bad underachievers. Stuff that looks like a breakout or positive retracement to come HOLD, THEY MIGHT BE A GOLD MINE. Reinvest some money in some really good dips, because when really bad reds go green, that is when you make the most. Strategize over panic, and today could be one of the best days for you looking back long term. Best strategies do good during the bulls and the bears.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.