rlim

SPY free falling

AMEX:SPY   SPDR S&P 500
174 0 3
Looking to continue a few more days before I start building long positions again.
I am not building a short position because they usually are not very profitable for me, not worth the risk.

Happens to be free falling the same time as the crypto markets. Looking for absorption again to start building positions.
I don't want a repeat of Dec where I kept buying the moves down and not having capital near the bottom. Need to space out my buys.

I have bought positions on Friday, so I will wait until tomorrow to place more positions.
I am in the mindset, I would rather place positions when I am catching a falling knife than to not place a position at all and watch it recover.
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