Our Ian Culley said it best:
Don’t catch falling knives!
It sounds simple enough. But in reality, traders continue to lose fingers as they reach for downtrending assets.
It’s true in stocks, it’s true in commodities, and it’s true in bonds. It’s true in any asset class, really.
And the knives keep falling left and right. Let’s avoid getting our hands cut and let’s just go with the trend, shall we?