Forum Topics ASX Stocks - Clearance Sales
CHill
3 years ago

Seeing a few articles, chat groups, youtubers etc out there calling this the start of the next crash....... It's been a few days of red after the market has been on a tear for the past 12 months. These pull backs and consolidation periods are important for the market to make healthy measured moves up. The past 12 months have been far from ordinary.

Whats important is that you have conviction on a stock based on its fundamentals not just becuase its gone up X percent over the past days/weeks/months.

These pull backs and consolidation periods provide a great oportunity to top up on your favourite stocks at a discount. This might be a terrible annalogy but when you're at the shops you dont decide not to buy something because its on sale, you buy more!

Have a list of high conviction stocks that you've researched and understand  and purchase more of them based on your rules.

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