I have a couple of mates that bought at the previous top and...

I have a couple of mates that bought at the previous top and almost sold at the bottom until they asked my view. Previous top was just an initial run up and corrective move, seen with all relative new stocks in there first real macro market cycle run. Different sectors have their respective turn to shine relative to where macro cycles are at, the positive, which is unfortunate, the world is escalating in conflicts across the globe. Defence sector stocks, in this timing of late macro market cycles, is when they tend to have their turn. Just as markets run in macro cycles, so do wars unfortunately. There are a number of Defence stocks i see continuing to do well as the markets move to an inevitable top, and recession is officially declared across the globe, and escalation of wars and why DRO will continue to climb over coming years. There will continue to be macro corrective moves, in line with EW (Elliot Wave theory). Risk management is key regardless of long term holding or a day trader who is in and out, all traders need to apply risk management that suits their own risk tolerance and profile. The biggest learning comes from reviewing what went right and what went wrong with any trade short or long. NFA DYOR