Rough marketHi everyone. It's obvious the market is in turmoil due to coronavirus and confirmation by Buffett. Look, this same scenario happened a couple weeks back when the whole virus thing started. That was a nice buying opportunity. The same thing is happening right now. Don't be a fickle trader and be scared out of your position. The market will bounce back. Gold is having a good run. Crypto will be next once the institutions stop the continuous dumping. They are going all cash because of the heightened volatility. The implied risk on their portfolios had gone up a lot over the weekend. What we are seeing is a risk-off situation in the market. That's good news for crypto because the institutions will buy back in once the coronavirus and its related impact subsides. It's effectively priced in now. There are a lot of different trader styles on this board. Most are fickle day traders. To the longs I say keep focused and you will see the light at the end of the tunnel. Yes most of you are in the red now (as I know from my survey). But hold strong and you will be rewarded. JMO.
Cheers