It’s still pretty wild in the markets right now, and there’s no telling how much longer it can last. If you’re a believer that the market will do whatever screws the most people, then there’s still a lot of room left to go lower before things start to turn around.
Leveraged accounts were overloaded on the long side before this break started, and every day more and more of them are getting blown out. It’s not necessarily a bad thing that this is happening though. It does create buying opportunities.
Not to worry though, our coaches are here to help!
Topstep Coaches Talk Market Stuff
The big question is, what happens when this turns into an official bear market? Long term, we’re confident it’s going to turn around. There’s a good chance buyers are just waiting for some more weak shorts to pile in before taking another run at the highs. That’s probably the scenario that would screw the most people right now, but at the same time, you don’t want to step out and jump in front of this freight train.
Volatility is here for the foreseeable future, and It’s going to be interesting to see how this all plays out. You can count on us being here to talk you through it everyday.
Needless to say, it’s been a rough few weeks for traders. If you’re in a Topstep Trading Combine, or if you were in one recently, we would like to offer you a 25% discount on a reset. You can use coupon code "tradesafe25" until Thursday, March 12 at 5 PM CT.
Stay safe, and trade well!