If you're still learning how to navigate these markets, stop trying to guess the next 100x penny stock. You’re just going to get yourself chewed up. Stick to the major indices like $SPDR S&P 500 ETF Trust(SPY)$ , $Vanguard S&P 500 ETF(VOO)$ $VTEX(VTEX)$ and $Invesco QQQ(QQQ)$ while you figure out how market mechanics actually work.
Just look at the past week as a lesson: on June 10th, the market felt like it was completely falling apart, with SPY hitting $725 and QQQ flushing to $693. Fast forward just three days to Monday, and we were right back up near the highs. Amateurs who panicked and sold the bottom ended up chasing the market right back up, completely destroying their capital.
Your rule of thumb right now: The market is consolidating. SPY is fighting for $750 and QQQ is clinging to $731. When the big indices are chopping like this, the best trade is often no trade. Don’t let FOMO trick you into buying the dead middle of a trading range.