No one likes dead markets, they are boring and no one can make money..!
On the other hand, Volatility is the double edged sword in the market, the best time to make money and lose it at the same time..!
January 2021 with 19 trading days was one of the most volatile markets I’ve ever seen. Craziest things happened in GameStop, is only comparable with Bitcoin performance on 25 November 2011 when Bitcoin opened at 2.50 soared to 15 and closed at 2.75 finally which was 1000% roller coaster..!
My point is, this is not the first time and wouldn’t be the last time something like this happen. Read the history of Tulips bubble 400 years ago, when there was no social media and online trading. There are lots of gamblers and people who trade stocks and many other asset class like lottery tickets, and everyone knows it won’t have many winners..!
To wrapping it up, It is a good time to learn an important lesson for all traders, to learn more about the nature of this kind of moves and use it in our advantage! Like professional surfers who are chasing Mavericks to enjoy an exceptional experience..! Yet, every surfer should be aware this could cost them their lives!!!
On the other hand, Volatility is the double edged sword in the market, the best time to make money and lose it at the same time..!
January 2021 with 19 trading days was one of the most volatile markets I’ve ever seen. Craziest things happened in GameStop, is only comparable with Bitcoin performance on 25 November 2011 when Bitcoin opened at 2.50 soared to 15 and closed at 2.75 finally which was 1000% roller coaster..!
My point is, this is not the first time and wouldn’t be the last time something like this happen. Read the history of Tulips bubble 400 years ago, when there was no social media and online trading. There are lots of gamblers and people who trade stocks and many other asset class like lottery tickets, and everyone knows it won’t have many winners..!
To wrapping it up, It is a good time to learn an important lesson for all traders, to learn more about the nature of this kind of moves and use it in our advantage! Like professional surfers who are chasing Mavericks to enjoy an exceptional experience..! Yet, every surfer should be aware this could cost them their lives!!!