RE:Capitulation This post helped talk me down from the ledge. Thank you!
InvestForce wrote: This could be bullish, if you really think about it. Welcome to the stock market. I didn't predict this drop and actually expected some stability. But, there is precedence to this activity in the patterns of stocks, in general.
1. When I start seeing posts involving nervousness and capitulation, I find that bullish. This gets rid of "HODL" thinking, a term used for Bitcoin but symbolic of holding until you feel sick and deny the pain or any reality untill you can't.
2. Even institutional investiors cut losses so there is no pride lost in capitulation.
3. Rogers network is down today across Canada. That could mean traders have stop losses that get triggered and others like me, had to get to a computer before they could buy.
4. This shift holders to longer term holders that will buy on dips or not react. That's a shift from traders that flip in and out and not to be ignored.
5. It just means find a better buy point next time, like this low level, and take at least some profits when things get hot enough.
6. So, watching others vomiting out of the position isn't indicitive of anything long term that's bad, especially if it not based on a single bit of news that coincides with the latest selling pressure or short increase.
7. It helps that to set buy points on the way down so that you don't act on the daily action but on the longer term plan of what you decide for yourself what you would accept as buy and sell points. For me, this was a buy point so I just added today.
8. Anyone who truly believes in DDC over more than a 3 month horizon, or even 1-2 years, like I do, should not be too worried about today.
These are my opinions and not advice. I posted because these points might be useful to someone to put some persepective on those feeling bad over long positions losing some value, or having to sell to cut loses you couldn't afford, or wondering what strategy someone else might be using that you might wish to consider, even if they might not truly know better than you.