The tech Crash in 2000 took 3 years to bottom out... and longs lost 80% in that time.
The 2008 financial crash took 2 years to bottom out, and longs lost 57% in that time.
The 2020 crash... oh, I think it hasn't even started yet... I would stick to short positions or day/swing trading... and I wouldn't even consider going long on anything until the Lower Bollinger band is hit on the monthly chart... currently at 5991
I think we all know what's coming... It'll be a fun ride if you're prepared in either direction.
GL.
The 2008 financial crash took 2 years to bottom out, and longs lost 57% in that time.
The 2020 crash... oh, I think it hasn't even started yet... I would stick to short positions or day/swing trading... and I wouldn't even consider going long on anything until the Lower Bollinger band is hit on the monthly chart... currently at 5991
I think we all know what's coming... It'll be a fun ride if you're prepared in either direction.
GL.
YouTube Channel www.youtube.com/@spyderqueentrading (Almost DAILY updates, come play)
I am not your financial advisor.
I am not your financial advisor.