Why is everyone panicking about pullbacks? When the market smashes records, expect consolidation/correction. Weve got a VERY twitchy market given the inflation landscape and thousands upon thousands if paper hands betting with their mortgage money.
Weve been in a rotating market for ages. You cannot trade this market without losses.
Use stop limits if you want to reduce risk and if youre long, youre long. Stocks go up, stocks go down.
Remember holding cash is still a position. Ive been waiting for today since I sold PLTR at $25- and im still not ready to get back in yet.
So many bedwetters here complaining that theyve sunk their funds trading this market. If you trade you have to know when to get out.
GET RID OF THE FOMO. It will kill you.