When do you think people will start to take profits from this rally?
Would love to time it right and short into it! :)
Answers
989 points
rvilmur answered 9 months ago …
There is always profit taking beginning with day traders, then swing traders. Position traders usually miss these short term rallies.
Too many eager to short will sustain the rally; so stay out of this market or be carefully hedged with long and short ETF's.
3963 points
MNSL answered 9 months ago …
I think more short term market players and day traders will lose their money in the next 03 months. It is wise to avoid hot sectors including currency and some hot and inflated commodities and assets now.
In the current market only who can understand trend correctly can trade and invest wisely.
There are plenty of profitable opportunities available globally now.
Only undervalued stocks and assets with great potential will have rapid growth in the next 03 months, next 18 months and next 05 years.
731 points
thinker70 answered 8 months ago …
Don't attempt shorting unless you are well experienced and have the ability to be on your computer all day to follow the swings of the market. Numerous stocks have a range in which they trade fairly consistently. If you are able to track when they hit the bottom of their normal range to 'buy low" and then sell high as they approach their normal high you may be able to take some profits out of the middle, the most lucrative way and using less capital would be buy utilizing options.
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4085 points
EthanR answered 8 months ago …
Yesterday, the market went through a reversal which could well indicate that profit taking has begun. If you are going to short, either do it through the weakest sectors and stocks, or buy the ETF's that short whole indexes or sectors. Those who bought right before or the day of the the 375 point rally have done very well in a short period of time, and it would not surprise me at all to see a retracement of at least 1/3 or 1/2 of the rally.
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