πŸ‘‰ thatmark.eth
πŸ‘‰ thatmark.eth 2 minutes reading from Bitcoin

FUD or FUD? Then Take Profits From Your Investing

The last time the VIX hit this level was around March 30, 2022.

Check out what happened to SPY & BTC right after that.

(Hint: πŸ“‰πŸ“‰πŸ“‰ )

So, what can you do?

Notice if you are feeling FUD or FOMO. These are warning signs ➑️ slow down.

Second, the market is up in places today. You could consider taking profits.

You don’t have to take full profits. You can take a portion of that money off the table.

Consider DCA’ing out of some positions and into similar ones.

I.e, if you are cashing out of AAL & JBLU (airline stocks) you could keep exposure to this industry by buying DAL & UAL (also airline stocks).

Hedge. Maybe you are long BTC. And you wanna keep that.

Setting up a BingX account (in minutes) allows you to go short (spot and futures) by dollar value or margin.

You can also hedge SPY there.

While it will take longer to set up, E*trade allows you to short 1 share. So instead of doing put or call contracts at 100 shares/pop you can do 1 share.

Even though I’m just a Wabbit, I enjoy talking to frens daily about market movements.

Drop a comment if you’re into this too.

We don’t have to see things the same to benefit from each other.

Love y’all,

Marky

This is not financial advice. You make your own investment decisions. If you are unsure what to do with your investments then you should consider consulting a wealth management financial advisor.

This post is based on this twitter thread.

Comments

Please login to comment.