#Millennials are about to learn the hard way that paper profits on highly speculative and over-priced assets mean nothing until they're realized. Years worth of unrealized gains will soon be wiped out. Hopefully as vast paper fortunes are lost, wisdom and humility will be gained.
The lockdowns provided a real world mass experiment of what would happen if people had more free time and didn't have to go to work to earn money.
Turns out most won't create art, learn new skills, self-develop, or start a business.
They'll watch Netflix and get fatter. 🤣
In this type of market condition... you take profit.
if we start "trending" there will be many opportunities to get in
making money > holding position thinking you got the bottom
thanks for playing
Beautiful aspect about trending markets and trapped traders is that you’re waiting for a pullback / bounce but market gives 0 fucks - and digs you a new hole.
Identify the environment you trade - counter trend trading - margin for error is small.
A range is more forgiving.