Nasdaq is going to all time highs.
Two weeks ago as the market was âcrashingâ
I kept adding to my position in names like Microsoft and SOXL. At the same time, I was mitigating the drawdown by taking short-term day trades on the NASDAQ to the downside whenever the market gave me opportunities.
The goal wasnât to predict every move it was to keep building long-term positions at discounted prices while using short-term trades to reduce the pain of the volatility.
So far itâs paying off. Microsoft has rallied roughly 20% from the lows, and SOXL has had a similar move. Buying when sentiment is at its worst is never comfortable, but thatâs usually where the best opportunities are.
Have a plan before the market gets volatile. Itâs a lot easier to buy fear when youâve already calculated what youâll do.
I believe that we will hit new all time highs on the nasdaq in the next 2 months and after thatâŚ
Iâll keep it for next time.
đŻ
