Wow, really sorry to hear about your loss, no one has been spared i can tell ya, even a nimble trader like me has taken a 30% hit over the entire portfolio, but it could of been alot worse, i sold off my goldies and a couple of others before the crunch, so i have some dough on the side lines waiting for a home, just gotta tough things out and be smart , trust your FA, as i write, Dow futures showing green and my portfolio today, which was down another 5% earlier on , has now turned green.
Worst thing you can do now is panic and SELL...........that would be a double whammy when the MACRO finally turns the corner.
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This is the chart thats doing the damage, as you can see, the WEEKLY RSI 14 is getting close to OVERSOLD land, i reckon there is another 10% downside tops, with wave 4 down usually not entering into wave 1 territory and usually finishing on the 38 fib , as you can see, they both align.
Need to tough it out, sit on your hands and wait for the green shoots.
Dont forget too, MAY / JUNE ........TAX SELL off too !!
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COVID / INFLATION / INTEREST RATE HIKES/ DODGY CHINESE / TROLLS
#BEARISH PERFECT STORM #
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HOLD STRONG FOLKS FOR BETTER TIMES!
imo