A bull trap?

Mythz
2022-06-28

As we all know, Nasdaq hits a 5 day green streak before hitting a red day. Is this going to be a bull trap which everyone predicted? No one really knows. The time in the market will bring in more returns than timing the market. Using the right tools will bring out the best returns.


During this short bull rally, i personally like $Nasdaq100 Bull 3X ETF(TQQQ)$as it bring in the most returns after tanking nearly 30% fromYTD.

With Covered Calls and Cash Covered Puts, it is a good hedge in the volatile market. No timing the market is required as you have an entryand exit plan.

$NIO Inc.(NIO)$$XPeng Inc.(XPEV)$The EV market is growing rapidly as China has startedto ease off Covid Measures. Looking forward to take some small positions and slowly grow my portfolio further.

💰 Stocks to watch today?(17 May)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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Comments

  • BurnellStella
    2022-06-29
    BurnellStella
    Thanks for sharing, your post is great.
  • XianLi
    2022-06-28
    XianLi
    Yup! I tend to think that the short rally of market may be a bull trap. The current trend of Nasdaq is still downward.....
    • BettyTReplyMythz: 
      Wish you luck
    • MythzReplyBettyT: 
      Agree much. Hence some positions hoping that i have took the bottom.
    • BettyTReplyMythz: 
      Agree. However, no one will know when or how soon will the bottom appear.
    • Mythz: 
      Yes currently is still a downward trend until it is able to prove the bottom
  • marketpre
    2022-06-28
    marketpre
    Thanks. I also see the increasing trend of EV market with huge potential. 2022 is a big year for new energy!
    • Mythz: 
      Stay cautious as it will be a long journey ahead
  • highhand
    2022-06-29
    highhand
    not just a bull trap. its a Booby Trap! concealed and ready to ambush unsuspecting investors!
  • YNWIM
    2022-06-28
    YNWIM
    It seems that you are still bullish on the Nasdaq and whole stock market. Best wish to all of us.
    • Mythz: 
      I took some small positions and some puts to hedge it
  • Jel_tan
    2022-06-29
    Jel_tan
    Ok
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