Markets selling off can be scary, especially when it’s some of your first weeks trading! It’s tricky to take your emotions out of trading but historically it’s what successful investors do! Today markets are sharply selling off as it finally comes to terms with some of the bad economic data we’ve been seeing over the past couple weeks. Although this raises some questions in most industries, our trade thesis remains unchanged with our core and we will be taking the opportunity to buy more cheap shares, specifically on BCRX! Day’s like this are a good reminder of why we like to always keep some cash on hand ready to buy up dips and like to mitigate risk by only using 1-10% of our portfolios for day and swing trades!
If you haven’t yet, read our research on BCRX and see why we’re so excited about them. Click here!
In times like this it’s nice to hear the reassuring words of legendary investors like Buffet; “Be fearful when others are greedy, and be greedy only when others are fearful.”