The Merkel Tree
Submitted August 14, 2017 at 06:53PM by myquidproquo
via reddit http://bit.ly/2vwUV9f
Warning: many will get burned.
So many posts about complete newbs getting a whiff of the rally off the news and trying to buy. This is a noticeable rally, and there are various reasons for it, but it won't go on forever. Profit taking and a correction may be steep and fast or gradual and protracted but it's pretty much expected.
Newbs will buy at this price, watch their brand new asset's value tumble and sell near the bottom locking in a sizable loss. The effects of that common scenario are very discouraging. Especially so for some of these buyers in risk-on mode going in debt to buy not having experienced months long troughs. They need to be cautioned in here, not egged on to buy buy buy.
Submitted August 15, 2017 at 03:54AM by stupidx
via reddit http://bit.ly/2wYWSJM