Many people have recently asked me whether it is a golden opportunity to buy stocks at the bottom? My answer is the same as a month ago - stay cautious and sit on the sidelines. I personally only maintained a 1.5% position. This strategy allowed me to be almost out of the risk and not suffer any big losses. Remember, good bargain hunting opportunities are common in the market. There is no need to rush for quick results. Be more observant and less impulsive.
In addition to the obvious negative factors such as the Mentougou compensation scandal and the German government’s selling of digital currencies, I also have two major worries:
U.S. stock ETF funds have experienced net inflows for many consecutive days but have been locked up. Will this become the trigger for panic selling in the market?
The U.S. stock market is currently at a high level. Will there be significant correction pressure in the future?
It is particularly noteworthy that U.S. stocks will only trade for half a day on Wednesday and Thursday this week, making it difficult for ETF funds to escape. Once the market fully opens, if these funds choose to withdraw, the impact cannot be underestimated.
Therefore, the wisest thing to do right now is to stay calm and wait for the opportunity with the mentality of a theatergoer. The best strategy is to wait until the market has completed sufficient changes of hands and experienced necessary sideways consolidation, and then wait for opportunities to move and deploy at a low level. $BTC
$PEPE
In addition to the obvious negative factors such as the Mentougou compensation scandal and the German government’s selling of digital currencies, I also have two major worries:
U.S. stock ETF funds have experienced net inflows for many consecutive days but have been locked up. Will this become the trigger for panic selling in the market?
The U.S. stock market is currently at a high level. Will there be significant correction pressure in the future?
It is particularly noteworthy that U.S. stocks will only trade for half a day on Wednesday and Thursday this week, making it difficult for ETF funds to escape. Once the market fully opens, if these funds choose to withdraw, the impact cannot be underestimated.
Therefore, the wisest thing to do right now is to stay calm and wait for the opportunity with the mentality of a theatergoer. The best strategy is to wait until the market has completed sufficient changes of hands and experienced necessary sideways consolidation, and then wait for opportunities to move and deploy at a low level. $BTC
$PEPE
