Three trades on Tuesday. Not two. Not four. Three. The precision suggests a man who counted on his fingers twice to be sure.
We're protecting big profits in tech. That's the line. Protecting them. As if profits were a small woodland creature being circled by hawks. As if clicking "sell limit order" required the strategic acumen of a wartime general. You made money because a line went up. Now you're making trades because a different line went down. This is protection the way a foam helmet protects a toddler from the universe.
The oversold market. Love that phrase. Oversold. Too much selling happened. An unfair amount of selling. The market got sold so hard it needs to file a complaint with HR. Retail traders see "oversold" on an RSI indicator and think they've discovered a cheat code. They haven't. They've discovered a squiggly line that sometimes correlates with other squiggly lines until it doesn't.
Buying more non-tech because tech got too profitable. Rotating out of winners into losers is a strategy with a name. It's called "giving your gains back with extra steps." But it sounds better when you call it portfolio management. Sounds like you went to business school instead of just being mad that your tech stocks stopped going up every single day like they owed you something.
Three trades. On a Tuesday. The announcement of the announcement. The trade you tell people about before you make it so they'll know you're the kind of person who makes trades. Plural. On purpose. With conviction. The CNBC ticker should just read "Local Man Moves Money From One Account To Another, Expects Applause."
The big profits are very scared and need protecting, so naturally the solution is to buy more of something else that's currently losing.
Photo by rc.xyz NFT gallery on Unsplash
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