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RE: How To Survive The August 1st Bloodbath. Simple!
I agree, but the problem is, and you know it, not everyone is going to hold.
I agree, but the problem is, and you know it, not everyone is going to hold.
Thats not a problem at all. We need sellers too.
Some people will certainly panic sell, others will sell to take short positions and take advantage of the opportunity presented by others panic selling. If there's enough downward momentum, it could also trigger cascades of margin calls and stop losses - those really big red candles that develop unusually quickly in some of the recent corrections.