In my humble opinion…
There are weeks to make money, and there are weeks to play defense.
Just scrolling through my feed, I’ve seen a bunch of posts from people whose accounts are down 30-40% this week.
It shows you how humbling the market can be. More importantly, it shows what happens when you don’t have risk management or an exit strategy.
Losing money sucks. But what sucks even more is knowing how long it’ll take to get your equity curve back to its highs.
Avoid large drawdowns at all costs. It doesn’t matter how strong your thesis is on a company. I’ve seen stocks make new highs and then not see those highs again for 2-3 years.
Stay loyal to your equity curve before you stay loyal to any company.
@blondebroker1 Haha I love the confidence you giving me. I knew to buy the dip. Love it just give me a nice green open on memory and chips and I will be happy lol 😂
$QCOM - Stock in a strong uptrend making an ascending triangle pattern on the daily but failing to break and hold $250 level. looking for calls above that level for a move towards $270 and $285.
The UN must open the Strait of Hormuz for us - Rubio
"What is the purpose of the UN?! The UN was supposed to be a place where you could peacefully resolve global conflict." 🤷♂️😎
“We are taking it to the UN”.
The US condemned the UN for years, because the UN wanted to peacefully resolve conflicts, and objected to American and Israeli wars.
The US must be in dire straits (pun intended) if they now beg the UN for help.