Richard Widlake @RichWidlake: "It has been a rough..."

United Kingdom

It has been a rough month for most investors. Typically I refrain from posts that try to reassure people of anything. After all, I am not in control of the markets, so what influence do I really have? What I will say is that after analyzing the drop, I have come to the conclusion that it is based on very high valuations of stocks that represent the majority of ETF holdings in the world being second guessed, along with cold feet regarding the potential rate cut in December. Unless a tariff war starts tomorrow, I still believe that the future for the markets is more bullish than bearish. AI is still a major play for the biggest companies and is now an integral part of global government policy. When China and the United States are going toe to toe economically over a technology, I do not see that as bearish in the long term. I expect that profit taking has snowballed more than usual, coupled with jitters about whether we will get a cut. I do not see any other bearish catalysts personally. I do think that with each bull run the fallout becomes exponentially worse whenever it shows any sign of weakness, due to the increase in new retail traders and their inability to stomach volatility. What annoyed me personally this month is that I had to take profit on positions I would have preferred to keep open. I have my stops for a reason. My long term outlook may be bullish, but I have no control over other peoples panic, and I am going to protect myself from it. Plan B in action. As far as crypto is concerned, it is a legitimate way to make money. I hold some, and I will never look down on it as an asset class, though I would advise against expecting it to take over the monetary system. That is an unlikely scenario. Unfortunately, the attitude toward crypto traders here has been disappointing. No one is pointing the finger at Tradedesk and Nordisk investors, so why the bias? Sometimes trades go wrong. The important thing is how people handle it and what they learn from it. Let us lift each other up. I am a firm believer that people make more money faster when they work together. $SPX500 $NSDQ100 $BTC $NVDA (NVIDIA Corporation) $QQQ (Invesco QQQ) Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results

5 Mentioned

SPX500

NSDQ100

BTC

Bitcoin

NVDA

NVIDIA Corporation

QQQ

Invesco QQQ

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