Why I'm Staying Sidelines
The recent crash was a major red flag for me. The stock market has topped, the economy is stalling, and rising global tensions are increasing my bearish outlook. Although the panic in the stock market has eased, I don’t expect a quick V-shaped recovery. Instead, I anticipate a period of sideways movement before the next leg down. Keep an eye on the approaching death cross as well.
For day traders and scalpers, there are still short-term opportunities to capitalize on market movements. Personally, I’m not interested in chasing a few percentage points up and down. I prefer to be patient and wait for a true bottom, which I anticipate will be between 40-45, before considering a significant swing up. This is not financial advice, since nobody knows what’s going to happen, I could be wrong.
I’m just cautious because I believe an AI bubble or peak in Nvidia might be on the horizon. For now, it’s a waiting game to see how things unfold. In the meantime, I’ve secured my capital and am staying sidelined. Wishing everyone, bears and bulls, the best of luck with their trades. Stay safe.
For day traders and scalpers, there are still short-term opportunities to capitalize on market movements. Personally, I’m not interested in chasing a few percentage points up and down. I prefer to be patient and wait for a true bottom, which I anticipate will be between 40-45, before considering a significant swing up. This is not financial advice, since nobody knows what’s going to happen, I could be wrong.
I’m just cautious because I believe an AI bubble or peak in Nvidia might be on the horizon. For now, it’s a waiting game to see how things unfold. In the meantime, I’ve secured my capital and am staying sidelined. Wishing everyone, bears and bulls, the best of luck with their trades. Stay safe.
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