Plutus Copia Investments
941 posts



People aren't ready for an extreme correction soon. We will get one great rally that will probably lead into early mid of next year and then a deep correction is coming. If we went into extreme fear of this pull back, I can't imagine what will happen next year.
TrendSpider@TrendSpider
Back in April, it took an 18% drawdown on $SPY to push Fear & Greed to 4. Yesterday, it hit 6 with only a 5% dip. The bull market made everyone soft.
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@DekmarTrades Correct. We are already past the 4 year mark. A bounce in the next month or so would be a great opportunity to derisk
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I am considering putting the $700k I withdrew from my account for taxes back in the market.
Here's my thought process:
If we rally into year end, I'll be really happy to have the extra exposure and will still have the funds to pay taxes. And if we keep crashing through December, i'll likely be able to lock in enough short-term losses to not have that much to pay in taxes anyway.
Jake Browatzke 🚀@jakebrowatzke
To be clear, there is no fundamental economic news that should make anyone feel bearish.
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@MMatters22596 @russ_subbu Same. I think adding around 290 would be a good start as per fib levels
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@MMatters22596 @russ_subbu What's your current average
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@russ_subbu Already have a position so I won't buy too agressive, will DCA down when it drops, starting from above $300 already. Don't want to risk waiting too long, in case it already turns around higher.
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@LibOrNormal Bro that's not discipline or parenting. That's ABUSE holy fuck lol
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@palmBTCx So am I! This is a great opportunity for people to drop their ego and negative connotations and just dive in.
What’s the worst that could happen 😅
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@Invest_Brandon Yes! Would you agree a recession next year?
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