So in this recent 22% drop did you panic sell or did you hold while it was dropping strongly? As my previous post here i warned you guys that it would happen as you can see in the little text below:
The tendency is that it suffers a major correction in the following 4 weeks or today, and afterwards it might rise again!
So it did happen what i said, and i warned that if you wanted to trade to be careful.
Some of you wanted to know how common this actually is and this user on twitter did an excellent job running those numbers as you can see below:
Here's the graphic above:
Look at those drops! As he said, those corrections don't usually happens on bear markets, only in bull runs. Those green rectangles means bull runs by the way. So be ease that it WILL happen again, maybe next week, maybe next month or even next year. The thing is, dont panic! If you're not comfortable maybe you're in the wrong business.
