Always a good idea to keep an eye on the wisdom of the market masters.
When Minervini talks about tightening up and protecting capital, you listen.
$SPY $QQQ $IWM
The combination of lofty sentiment, a relatively small list of names in buyable position, seasonal and cycle headwinds, and increasingly poor action among market leaders has me turning more cautious. None of these factors alone is enough to make a bearish market call, but when they begin to converge, they deserve respect. Sentiment in particular is most useful when it approaches extremes and is considered alongside price and volume action rather than as a stand-alone signal.
For now, the evidence is telling me to tighten up, be more selective, and let the market earn additional exposure.
If leadership improves and the number of quality setups expands, we can get more aggressive. But until then, I would rather protect capital and wait for the odds to improve than force trades in an increasingly difficult environment. https://t.co/JXzFFTmMtn
@InsiderShots I think it can be a good swing idea with a short PT around 100$, but I will wait to see if it can pullback deeper, I think it will do it over the next weeks.
If I'm right, I will wait it with a nice amount of cash ready to deploy.
Anyway, it's a great buy IMO!
Taking some profits, adjusting positions, accepting some small losses, and opening a couple of new positions.
Nothing more to do.
$BBAI $NVO $HIMS $HOOD $RIOT
If you get a thousand "killer ideas" shoved down your throat everyday on social media, of course you won't know which trades to actually take...so:
- scroll a little
- get ideas from accounts you trust
- dig into each idea yourself
- only buy when it makes sense to YOU
- manage the trade yourself
Nobody cares about your portfolio/$$$ more than you do.