Evening Market Overview on December 20
Are we in a panic? Is it time to cut losses and exit, or continue to accumulate on the dip or stabilize and accumulate?
A spike is not scary, what’s terrifying is a daily decline of 10%-20%!
The bull market that started on November 4 has created a wave of beneficial effects, attracting a lot of fresh blood and traffic into the market; this wave of unilateral deep correction has trapped many new investors, leaving them crying for help, while some are still stuck at the peak, feeling the wind.
Whether it’s technical indicator analysis or the mentality of novice investors, it’s hardly effective for the unilateral correction of these two days; friends who have experienced two rounds of bull and bear markets will at least not feel panic, but those heavily invested may feel some lingering fear.
All have dropped by 10%, and the alternatives are even more tragic; if you are fully invested, you probably feel even worse now, with no idle funds to average down; those who entered the market on the left side will at least have some room to average down, which can somewhat stabilize the average cost; if your position exceeds five times, it’s temporarily advised not to average down further, wait for stabilization on the right side before entering again, because we don’t know where the bottom is; the most important point in trading is to manage your position and your emotional mindset well.
The above information is for market analysis only and should not be used as trading advice; follow me to not get lost, I provide you with the latest information and point analysis every day, along with the wealth codes you want, remember to follow and like!
