Guys,
I told you I will be buying this dip all the way down. I do not plan on being left on the sidelines when alts pop back up. And they will. Setting stops can also be dangerous, let alone super annoying. But, I will give credit where credit is due, they have definitely saved me as well. Just look at a recent entry I took on ZETA. Not having stops would have crushed me on that trade, though, I do believe the target I set will be reached eventually.
But I digress, I have lowered my stops on both GODS and SHDW and I have doubled down on my GODS position and bought more at .21 cents (my previous SL). I firmly believe this is the time to be buying, not selling.
This entire sell-off is a news-driven event IMO. Remember, the powers that be are the orchestrators of fear generation for their own manipulative purposes. And it works. This is currently how they are able to maintain and gain control over the masses. And, I am not one to ignore acknowledgment of success. This has been a tremendous strategy and success since the beginning but especially since COVID. We will continue to see increased fear campaigns until they cease to work. When that will be I know not.
This brings me to the Iran/Israel threat. Remember, it was not Iran that said they would attack Israel. It was the so-called U.S. (air quotes) “intelligence” agencies that said Iran would attack Israel. I’m not sold on this fear campaign and I will be buying alts all the way down.
Does this sound political? Sorry. There is not one thing in this world that is NOT political. I often say the most politically charged (and possibly offensive) statement that you could possibly make is, “I am not political”. This is just code for, “I’d rather ignore the reality and corruption in politics".
Traders, at some point, you have to consider politics and how they influence money. If you don’t, you’ll be left on the sideline with all the rest who choose to ignore reality.
Best,
Stew
P.S. - ZETA looks like a great buy right now.