Jun. 25 at 5:40 PM
$TER and
$INTW both highlight the same thing in this tape — strong stocks, but extremely unforgiving price action.
You can be right on direction and still get chopped up because of the gap risk and intraday volatility. That’s why trimming into strength makes sense in this environment, even if the broader trend is still up.
$TER especially has been one of the cleaner leadership names, but even leaders don’t move in straight lines when liquidity rotates like this.
The key takeaway is exactly what you said — this market rewards agility more than conviction. Taking profits doesn’t mean you’re bearish, it just means you’re respecting the tape.
Let runners run, but don’t let winners turn into drawdowns.
