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This whole way down, savvy followers probably guessed how I’ve been playing it.
At 97k, I said that was the last line of defense for the trend, the extreme point. I went in, but obviously, it had zero strength to bounce. Stayed weak above 95k, so I cut my losses.
At 90k, I bought again—down 30%, which is the biggest drawdown in two years and a key round number. It bounced back to 93k+, but then dropped again. I sold at breakeven and got out.
Now we’re here. I’ve been open about having to buy in. The panic from this first wave of bear market selling is just too tempting to bet against.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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