Hey Friends…Take a Deep Breath! We’ve been seeing a MASSIVE amount of people panicking this whole week…especially with what happened today.
If you’re losing money then we are sorry that’s happening to you! The stock market can be a very brutal place. The markets don’t care about your feelings unfortunately…
This week is a great lesson for those that are new to trading. We’ve been seeing lots of questions of people asking what’s happening? What should I do? Is the sky falling? Etc…
Point being is that what’s happening in the markets right now is very simple…
Everything reacts to uncertainty and there’s LOTS of uncertainty going on in our world right now. Many people are in panic mode…and the markets will react accordingly.
Our suggestion if you’re a new trader is to take a deep breath, relax, go liquid (meaning cash), and sit and wait to see how things play out. Don’t listen to hype or pumpers or anyone that tells you to jump on the bandwagon in any particular sector.
Be patient and let the markets choose a direction. Let the technical’s give you clues. Let the sectors choose a direction. Then trade accordingly. If you are a new trader then the best advice that we could ever give you is to paper trader for 6 months to a year until you feel completely comfortable as a trader.
We are here to tell you the truth, regardless of whether the truth hurts or not. We’d rather you quit trading and protect your money if trading isn’t a fit for you, rather than create some fantasy world and pretend like trading is simple because it’s NOT!
Over 90% of traders fail! Sad but true..
We are always trying our darnedest to protect y’all and have your backs.