What a malodorous tape!
I’m was sharply lower by 350bps at the open. I had sold everything to stem the bleeding, being caught off guard in a most heinous way. But then u got vacuumed back in with 35% of my cash. Those purchases have led me even lower to 400bps. I have two choices in front of me:
Hold the line and keep buying and possibly wreck myself to the tune of 1000000bps or perhaps I trade methodically, one or two stocks at a time in an effort to create a miracle.
There sell off doesn’t need explanation. We all knew it could come at any moment. But is it real? Will it survive? Can the bears win?
These questions and much more to be answered soon!
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