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🔥 Stock Dude 🔥02/23/2021 12:54

$Bionano Genomics Inc What to do at times likes this? We all come from different backgrounds, have different trading strategies and trading experience levels. Those of you that are brand-new (or fairly new) to trading, those who have been trading for only a few weeks or months, have seen just the "bull" face of the market. It is a lot easier to trade & make profits in a bull market when you know, overall, most stocks are going up. It gets a little trickier when market in general is in a down-trend, and requires a different strategy. Your strategy will depend on: 1- Your level of experience 2- Your account size 3- Your liquidity levels If you are a seasoned trader, you already know to expect market corrections, can tell the signs of an upcoming sell-off, and prepare yourself by locking in profits, moving more towards a cash position. This allows you to exploit the weakness in the market by buying cheap and riding the wave on the way up. If you have a smaller account, especially under 25K with limited day trades, you need to learn from what is going on in the market now, and what you did wrong (or could do better). Let's be honest with each other: Unless us retail investors move into a stock altogether (i.e. GME phenomenon), what we do with our limited number of shares as individuals will have no impact on any stock's price. However, what we do today will have a huge impact on what our portfolio looks like tomorrow. In the stock market, you are your only friend, but you also are your worst enemy. Ask yourself a few questions (and be honest with yourself) to see where you stand overall as a trader / investor: 1- Do you always find yourself saying " FML, i always buy too high" or "as soon as i buy a stock, it goes down"? If so, you are a gambler, not a trader. You are trying to make money off of stocks that have already made their run, and you don't have a strategy. Once in a while, you will buy a stock that is already up 100%, and the run will continue, you will make money...However, that is a rarity, an exception...Most of the time, you will lose money doing so, and find yourself wondering why every stock you buy goes down in price. 2- Do you know anything about the company at which you are throwing your money? If not, you are a gambler, not a trader / investor. You don't have to trade every day nor do you have to trade every stock that is running. Think about it: It is your hard-earned money you are risking here, why would you not take a few minutes to read about / research the company you put money in? 3- Do you have a strategy? You absolutely have to always trade with a plan, and stick with it. If you are in the green zone, do you have a target price to take some profits? or do you just assume your stock will keep going up forever? When do you cut your losses and move on to your next move? 4- Do you rely on Webull community or complete strangers for stock advice? If you are able to trade, that means: a- You can read b- You have access to the internet Those are the two things to start doing a little due diligence...Even if you have no idea how to do Due Diligence, the internet offers a ton of resources to start learning. Just google a company you are planning to invest in (short or long term)...Read about what they do, how long they have been around...visit their website, look at their management, previous share offerings / earnings / partnerships & contracts etc. (if applicable). Use the internet to access previously published articles about that company, which, some of those articles will contain very useful information. Don't use internet just to buy stocks randomly - use it to educate yourself. Learning is like breathing - you have keep learning until you no longer breathe. 5- Do you always have all of your money in stocks? That is a big mistake you should avoid at all times. You never know when an overall macro event takes the entire market down, and if you are not liquid enough, if you never have a certain % of your total account value in cash, you will miss out on opportunities that present themselves. 6- Do you feel good about the stocks in your portfolio? If you do, any correction / sell-off in the market will have little to no impact on you emotionally. Stock markets can be emotional roller-coaster rides. Afterall, it is great to watch your money grow, and hurts to see your money lose value. If you are stocks like $Senseonics $Stem Inc $American Res Corp that have a solid technology and sooner or later, will be trading at much higher prices than your entry point, then you are set. Your confidence level determines the future of your portfolio. You learn not to worry much when prices go down, because you know you are holding good stocks & they will bounce back up higher. If you trade cryptocurrency or crypto-stocks such as $Canaan Inc. $MARA Holdings Inc $Riot Platforms Ord Shs $Cleanspark Inc , then a massive sell off like this doesn't scare you, because you know where bitcoin is going, sooner or later. If you are in clean energy / alternative fuel / rare earth elements or EV-related stocks such as $Clean Energy Fuels Corp $Plug Power $GEVO $FCEL $NIO, then you know where those stocks are going in the upcoming weeks/months. If you understand the macro level sentiment...if you believe that EV is the future, clean energy is the future, and we are in desparate need of rare earth elements so we don't have to depend on other countries...then regardless of the day-to-day action in the market, you know you are holding winner stocks in the long haul, and have no reason to panic-sell. Keep your head up, guys. Be resilient, don't cave in to fear or pay attention to the bears / shorts that flood the community with doomsday posts. Hold on to your shares (if you are selling, then who is buying and why? right?), be patient, and stop staring at your screen all day :) good luck!

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