On Being Underwater

Flipping the Script

Dear Readers,

My what a week it was in the market. More of a spill than a thrill, and perhaps now a confirmation of the market-wide correction I’ve been expecting. All good of course for the market going forward as over-extended moves to the upside need their corrections. When zooming out, this is certainly a market you want to have exposure to, and yet, as is inevitably the case, most of us end up buying first on the spike. And on the spill, on the market correction, we find ourselves ‘underwater’. I thought it timely for this fortnight’s article to look again at this expression. My contention here will be that it is not the worst thing to be underwater, to a certain extent, and is rather to be expected, especially on your first buys, in this radically volatile market of Crypto.

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