I didn't think that much about it, tbh. Simply thought Cheetos' policies will be destructive - they are/were - so I'm happy to pay some short-term capital taxes to maintain the overall level of my accounts.
To be clear, I'm still down from the 20% I stayed in, but feel it's the smart short-term move given I don't think we're anywhere near the bottom here
I’m not sure this is a time you need to think that much about it. Like you I sold out early. Actually in Mid December went to a 99.5% cash position.
With Covid there was great uncertainty. With this we can see the moves coming a mile away. You want to know what’s going to happen next? Read Politico.eu religiously. The stories there are all about the EU lining up against us. Asia lining up against us. Add alerts. Read every story. If you hear Trump or one of his fuck it’s is scheduling a news conference, get your buy orders ready and hit the button if the announcement is favorable.
You might miss by a few points but here’s the deal. Not one single credible trader is suggesting anyone buy into this bloodbath. Now is the time to preserve cap. Basically, it’s worth missing a couple points in the bounce than risk losing another 15%. And that risk is more likely than not given the current news out of Europe and Asia.
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u/slowpoke2018 1d ago
I didn't think that much about it, tbh. Simply thought Cheetos' policies will be destructive - they are/were - so I'm happy to pay some short-term capital taxes to maintain the overall level of my accounts.
To be clear, I'm still down from the 20% I stayed in, but feel it's the smart short-term move given I don't think we're anywhere near the bottom here
But we will see