I think caution is going to be the "word of the month" in March.
Nobody wants to hear that, right?
Nobody wants to hear "hey, be careful in the market."
Everybody wants to make big trades and take big risks and find big wins. And I'm not judging that. Of course we all do!
But the market is worrisome right now. It seems unstable and almost feels like it's looking for an excuse to pull back a little bit.
First, there were inflation risks. Those subsided for a while, but I don't think they are gone forever.
The Fed printed a loooooot of money to keep the stock market going and that can't keep going forever.
And the stimulus is fun, but come on? How much money can you just make up and not expect to see some adverse effects?
My point is, a pullback and an extended downtrend is possible. Obviously, it's not a guarantee. I can't see the future.
But with this volatility and uncertainty, we should be careful. That means holding our stop losses close, keeping our trades small, following our rules closely.
And, of course, it means paying close attention and being ready to respond to shifts.
It's not about fear. It's about being prepared. And together, we'll be ready! |
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