Trying to dodge every pullback usually means you miss the upside too.
If you’re constantly stepping aside to avoid red days, you’re probably not there for the green ones either
In this market, participation matters more than perfection
What just happened?
At 9:45 AM ET, the S&P 500 was trading nearly +1.5% higher and tech stocks were sharply higher.
At 10:40 AM ET, selling pressure began to intensify without any major headlines in one of the biggest reversals of the year.
Just 2 hours later, President Trump said Iran shot down a US helicopter "last night" and that the US must "respond to this attack."
This sent the S&P 500 to a new low of the day, down 240 points since 9:45 AM ET.
In just 3 hours, the S&P 500 has erased -$2.1 trillion in market cap.
Volatility is back.
@ManglaniAkshay That’s what I’m wondering too. Was this the 10/25 expiry or something further out? Timing makes all the difference with these MU calls.
@ironted21 You’re slightly above that, so is that you saying you’re ahead of the curve or just benchmarking yourself now? what’s the next target for you?