A bull trap?
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.
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- BurnellStella·2022-06-29Thanks for sharing, your post is great.1Report
- XianLi·2022-06-28Yup! I tend to think that the short rally of market may be a bull trap. The current trend of Nasdaq is still downward.....LikeReport
- marketpre·2022-06-28Thanks. I also see the increasing trend of EV market with huge potential. 2022 is a big year for new energy!LikeReport
- highhand·2022-06-29not just a bull trap. its a Booby Trap! concealed and ready to ambush unsuspecting investors!LikeReport
- YNWIM·2022-06-28It seems that you are still bullish on the Nasdaq and whole stock market. Best wish to all of us.LikeReport
- Jel_tan·2022-06-29OkLikeReport
- Chibichibi·2022-06-28👍1Report
- TNewbie·2022-06-28K1Report
- winstonleong·2022-06-28👌LikeReport
- SW86·2022-06-28ok1Report
- NT03·2022-06-28👍🏻1Report
- holdnotfold·2022-06-28kLikeReport
- xxzx·2022-06-28okLikeReport
- Dodobird31·2022-06-28Good one1Report