Jake Williams @jakeisat: "Have we topped? ... I sold..."

United Kingdom

Have we topped? ... I sold all of my positions because of the Greenland situation and I wanted to see what would happen at Davos. Overly, the response from Trump saying no military action made me confident to go back in. Which means DCAing into the next few weeks... I may still do that. Depending. At the moment I feel cautious. This is a mix of experience and also looking at the data. I don't want to explain this here too much as I'm a bit busy tbh - but simply, things are oversold and have been for a while. We're seeing consolidation on the $BTC side with alt coins selling off heavily. This has been going on for a while now. I can see a potential future where this happens across the $NSDQ100 and $SPX500 shortly. Unless we see another breakout.... then confidence will be given. Now, I'm not saying there's going to be a market crash or anything like that. Just consolidation for better entry points. I haven't enjoyed timing the market for a while. But I think being cautious isn't the worst approach at this point in time. I feel it's less like gambling and more taking a break to regroup from an incredible run. I'm also not saying that my positions are still not attractive to me such as $BIDU (Baidu, Inc.-ADR) and $BABA (Alibaba-ADR) - I will restock my previous holdings in an almost exact distribution. Let's see how it plays out and it'll be interesting for me to review this post and my data to assess if it was the right move by year end. That's all. Have a good one 👍

5 Mentioned

BTC

Bitcoin

NSDQ100

SPX500

BIDU

Baidu, Inc.-ADR

BABA

Alibaba-ADR

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