BET (Buy Expected TACO) strategy didn't work today. Volatility was the main actor today. The market fell at the open, bounced and continued to fall midday as Iran denied agreeing to any of the U.S. demands to end the war before rebounding in the afternoon then dumping at the close..
I am still holding and avoiding further buying any BET stocks right now. There is a reasonable possibility that the stock market may keep drilling further to a bear market 20% drop. More and bigger TACOs will be needed to prevent this from happening.
I will wait for the bear market OR additional TACOs to happen before making any significant number of BET purchases.
This is not financial, stock picking nor stock investment advice. Please consult a professional advisor.
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