Strictly, avoid using money that you cannot afford to lose. Common sense may not be commonly practised in today's topsy turvy world where even the President can say one thing and flip flop another the next day.
No matter how convincing you are to LONG or SHORT the market, always have a back up plan what if you are wrong ? If you take care of the downside and if it something that you can withstand without losing sleep or focus at your day job, then it is ok.
Also, there would be so many things ongoing - it is getting harder to clear the smoke out there and some say buy gold, crypto, others say tariffs not over ,still lots of uncertainty , China may retaliate further ,etc.
So, you can either sit back and do nothing , just watch the show or like me , place some small bets to participate in the market. If you are wrong, then the mistake is not too costly that you have to mortgage your house or sell your jewellery to pay back.
As usual, please DYODD.
No matter how convincing you are to LONG or SHORT the market, always have a back up plan what if you are wrong ? If you take care of the downside and if it something that you can withstand without losing sleep or focus at your day job, then it is ok.
Also, there would be so many things ongoing - it is getting harder to clear the smoke out there and some say buy gold, crypto, others say tariffs not over ,still lots of uncertainty , China may retaliate further ,etc.
So, you can either sit back and do nothing , just watch the show or like me , place some small bets to participate in the market. If you are wrong, then the mistake is not too costly that you have to mortgage your house or sell your jewellery to pay back.
As usual, please DYODD.
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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.