The pull back is here?!
The pull back that we have been waiting for is here?![]()
As of 15/4/24 the S&P pulled back around 4% from the recent high and could this continue to a correction of > 10% or even a bear market of > 20%? Or reverse from here and go higher? Well all things are possible. So how do we prepare if it goes lower? Here are some of my thoughts and what i would. -
1. You can hedge against your positions. Do this with care! (Example Buy Puts, Sell short the stocks or futures etc)
2. You can stay cash for now and look to enter when the trend finds its bottom.
3. You can do DCA into your Fav stocks as it pulls back in different trenches and not all at once. (Example enter 1/3 at -5%, 1/3 at -10% and 1/3 at 20%)
4. If your are invested in good solid companies, you can stay the course and endure the ride.
5. If you are starting to see losses, you can cut loss, regroup and readjust your stratergies as the situation develops.
6. Take this time to learn more and read up and improve yourself as an investor or trader. If you guys are interested I can share some of my fav books and youtude channels)
These are not investment or trading advise but some of the things i do myself during times like this..I always tell myself if you learn to manage your risk and losses, the gain will take care of itself. ![]()
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Finally what do you think? ![]()
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Over 20 years in the financial industry and a self taught retail trader. Focusing on income and growth strategies! 📈
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