What should we do in such scenarios???
BUT how do we know that the bounce is for REAL?
Thins to remember:
- Capital preservation should be our TOP priority
- Anytime market provides signals of correction then stay out of it until we get clear market direction
- Use this time to build your list of potential BUY candidates
- Avoid market traps, every bounce attempt does not indicate market trend change
- BE PATIENT
Stay alert and be cautious...