A diary of the thought process behind my investment decisions
What's your thesis? Is a five day selloff all the bulls have to worry about?
Today is day 6 of the decline. If this is a textbook decline we should see a bounce either today or tomorrow followed by another run lower. I am playing the bounce but quite small. I would get more aggressive next week if this scenario played out.
The fact that Im finally seeing fear makes me believe we are close to a bounce.
I would say this is day one of fear. Yesterday, traders were definitely not fearful.The question is, can you have more than one day of fear?
do you ever use hedge using the VIX?
Sure there could be more than a day of fear which is why Im starting small. I don't trade the VIX.
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