Buying $SPDR Portfolio S&P 500 ETF(SPLG)$ on deep red days can be a savvy strategy for generating long-term wealth. By taking advantage of fear-driven selling and lower prices, investors can utilize dollar-cost averaging to reduce their average cost per share. However, this approach requires a long-term perspective, risk management, and emotional discipline. To implement this strategy, consider setting a regular buying schedule, monitoring market sentiment, and rebalancing your portfolio regularly. By doing so, you can capitalize on market volatility and position yourself for substantial long-term gains.
My portfolio took a big hit on Monday, March 10th, when the Nasdaq plunged. I've known that my portfolio lacks diversity, too tech-centric. It took a big dip for me to take action. I opened a position in $Direxion Daily FTSE China Bull 3X Shares(YINN)$ on the same week. YINN provides 3x daily leveraged exposure to the FTSE China 50 Index, tracking Chinese equities. China has been surging since the Lunar New Year. Now I hope my portfolio has some sort of geographic diversity to cushion tech red days.
Fundamentally,$NVIDIA Corp(NVDA)$ leadership in AI computing, gaming, and autonomous vehicles remains unchallenged. While the near-term outlook may be volatile, I believe the dip in NVDA will be temporary.
I capitalized on today's market volatility by buying the dip in the $iShares Russell 2000 ETF(IWM)$ . Despite the broad market sell-off, I identified an opportunistic entry point to add to my position. This tactical trade aims to take advantage of the short-term dislocation in the markets, leveraging the ETF's liquidity and diversification benefits.
$Coinbase Global, Inc.(COIN)$ trade update: Successfully capitalized on the recent dip, executing a strategic buy order amidst widespread market weakness. Today's price action has validated this tactical move, yielding a profitable outcome.
$ProShares Bitcoin ETF(BITO)$ After Powell-induced sell-off, the ProShares Bitcoin ETF ($BITO) is regaining its footing, and I'm loving the rebound. With a modest position of just 1 share, the juicy dividend has already covered my costs.
$NVIDIA(NVDA)$ recent sell-off has created a potential bottom fishing opportunity. I believe a rebound is possible. As always, trade with caution and manage risk accordingly.