Let's do some Bear Porn (while I'm long the July trade like a chump ๐คช๐คฃ)
$KLAC is down almost 25% in 2 days
The last time it had a similar move was 4/14/2000
That was the first knock out after the official top of the the Dot Com bubble
Good news is that was also the bottom of that correction before $RSP > $SPY by ~30% over the next 12 months ๐
Smoke 'em if you got 'em ๐คฃ
Profitable trading is boring trading. Its 95% sitting on hands, followed by trading the same setup, managed the same way, with tight risk management, proper size, and doing this same routine year after year. If its exciting, your likely gambling, not trading
Live below your means. Take profit and learn to add to profitable positions without risking what you have already locked in. Always use stops. If you canโt pay cash, donโt buy it. Dont pick tops and donโt pick bottoms. Did I mention to live below your means? Survive to thrive.
Pray! Meditate! Run! Walk! Lift weights! Eat whole, healthy foods with intent. Sleep. Drink in moderation or donโt drink. Donโt smoke weed. Donโt do drugs.
Learn to see yourself as God sees you. Walk into every room as if he sent you.
You-we donโt fight alone.