The amount of people wanting this ship to sink is wayyy too heavy. But the amount of people doesn't equate to the amount of money.
When sentiments starts shifting heavily, it might be a good time to look deeper as to why this stock is getting absorbed.
I have seen comments that this is heavily manipulated. Then let me ask you, if I may, was the stock market manipulated not manipulated since a century ago? How did the name Wall Street get its name?
So how do you navigate your roadmap to building wealth with the stock market? You stay in the market. You stay 50% in S&P, your other 50% is meant as dry powder to average into companies that you have conviction. You don't need to trade 10 times to win beat the markets, nor do you need to trim a ton of your holdings for a shiny new star on Twitter/X.
I'm sure there are way more people making way more on $PLTR and maybe other tickers. Market rotation is real. It happens. You just need to know if you can sleep well with your holdings.
We are nearing mid-term elections, uncertainty creates volatility. However, based on past statistics, post mid-term elections, we usually rally until the end of the year. Can you sleep well now? In the meantime, do your OTM Covered Calls, if you are unfamiliar, get familiar. If not, hold your sacks and take this as a good addition or entry zones.
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