This is your daily reminder not to panic. No fear mongering here, friends. Take advantage of the relief rallies (aka "Bear Market Rallies").
What you see here is a chart of the Global Financial Crisis ('GFC'). I wanted to show that even in the GFC we had frequent relief rallies. I've highlighted a number of them in this chart.
Relief rallies are the times when you can unload garbage positions, take profits on swing trades during the descent, or just free up cash (to collect interest in money market while you wait the crisis out).
Also note that some of the relief rallies last multiple weeks. These are where "they" (yes, THE "THEY") try to draw you fully back in.
Relief rallies are frequent, and, unless society as we know it completely collapses, there will be a bottom.
Stick to your strategy! No panicking here.
What you see here is a chart of the Global Financial Crisis ('GFC'). I wanted to show that even in the GFC we had frequent relief rallies. I've highlighted a number of them in this chart.
Relief rallies are the times when you can unload garbage positions, take profits on swing trades during the descent, or just free up cash (to collect interest in money market while you wait the crisis out).
Also note that some of the relief rallies last multiple weeks. These are where "they" (yes, THE "THEY") try to draw you fully back in.
Relief rallies are frequent, and, unless society as we know it completely collapses, there will be a bottom.
Stick to your strategy! No panicking here.
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.