Corrections are good
We are getting good broad based correction after many many months. By historical standard this is hardly big correction. It is just normal action after many months of rally.
Bull markets create situations where at some stage they run out of gas. just few weeks ago you had IPO going up 60 to 100% on first day, that kind of wild action does not last long.
Corrections like this are good as it creates conditions for better returns in future as new leadership and new companies emerge post corrections.
Corrections are also good as it thins the rank of amateurs and wipes out some overconfident traders. That is healthy process. It ensures only speculators with good risk management skills and trading skills survive to profit from next big bull move.
this is good time to learn how to manages risk and trade profitably.
Bull markets create situations where at some stage they run out of gas. just few weeks ago you had IPO going up 60 to 100% on first day, that kind of wild action does not last long.
Corrections like this are good as it creates conditions for better returns in future as new leadership and new companies emerge post corrections.
Corrections are also good as it thins the rank of amateurs and wipes out some overconfident traders. That is healthy process. It ensures only speculators with good risk management skills and trading skills survive to profit from next big bull move.
this is good time to learn how to manages risk and trade profitably.
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