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Bigbonzo101

1,039 Posts.

363

15/12/24

22:06

Post #: 77059141
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Originally posted by swaggytrader: ↑

Read my last few comments on BBUS, that pretty much sums up how i feel about shorting the US market. I don't think we're going to see a crash anytime soon (excluding a black swan event), but i do think the ASX 200 is going to retrace to around 8000 over a few months. But that's just my opinion, based on what I've read. It's always best to do your own research to form an opinion, and use a stop loss.
The only time I've lost money is by holding a postion for too long, and not having a stop in place. if you are too early, that's the same as being wrong.
You need supportive data to make you take a position, that's different to having a belief based on nothing.
If BBOZ goes back to $23, I will admit I was wrong and take my loss.
if I'm right, I'll sell at around the 8000 mark and take my profit.

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Interesting. I will take my own play. I will be shorting the nasdaq at 23000/24000.

The data is all there. The economy is in shambles.
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0 Great analysis

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