Why the Index Declined | My Name is Money | Detailed Situation Analysis

Why did the index fall and what will happen next? Without much ado, let's be concise and clear.

History "doesn't always" but sometimes it can repeat itself. I suggest you just keep a close eye on this resistance. There is no change in our chart targets#xu100 #bist100 #halkb #petkm #karsn #pgsus #odas #thyao #akenr #bsoke #sasa #ykbnk #AKBNK #KRDMD #vkgyo #zoren #krstl #KOZAL #ASELS pic.twitter.com/29S6KS28Z1
- MyNameisMoney (@mynameismoney4) July 17, 2020

I said on July 17th that I would sell at the peak, not as an investment recommendation but as a result of mathematics.

I have answered many times for those who defend fundamental analysis, we have nothing to do with the news because only those who are the subject of the news know the news. I am not in this position, nor are you, nor are the 200 or so Twitter accounts that claim to be average traders.

X hodja, if you throw a support for this, stop the questions, look how I am raising the share now. these friends of the lawless that they are really just looking for a premium. So why did the index fall and why can't they stop it now? Nonsense!

What is the situation with foreigners?

BIST published the figures regarding the stock purchases and sales transactions of foreign investors as of the end of July. According to the statistical analysis we made with the transaction data of foreign investors on a share basis, foreign investors bought 19,101,610,834 dollars and sold 19,994,306,243 dollars in BIST in July. Thus, by the end of the month, foreign investors realized net sales of 892,695,409 dollars in the BIST. In July last year, foreign investors bought $ 9,628,468,845, sold $ 9,706,728,367 and realized net sales of $ 78,259,522 in BIST.

In other words, foreigners have already sold, so this decline is not just foreigners selling. The reason I share this data is that we need to stop scanning the news.

Well, hodja, that's good, what should we do now?

First of all, being calm is a must in this business. If necessary, print out these 2 articles I wrote on patience and hang them on your wall. If you cannot establish this, this medium is not a suitable place for you to make money. Leave this business before it is too late.

Well, hodja, you share these articles very often, you may say that we have read them. But unfortunately, the questions that even friends who have been following me for a while sometimes ask give me the feeling that they are not read with the importance they should.

Now let's look at some graphs.

The chart is saying. The index may fall, but how long can you be patient? I always say that these corrections are the end of the world for some and investment opportunities for others.

I see it as an opportunity. When I share, I always write this in the last paragraphs:

Important note If you are going to invest 1000 shares, make it a habit not to buy x shares at one price. Fragmented buying is important to keep the cost down. You will not miss the opportunities of possible pullbacks. Think about your investment at least in the medium term, not instantaneously. Take your time, remember our most important motto is "patience".

Now, before asking the question of when to buy, read and understand this article well. Personally, I started buying as of today. The lower this chart goes, the better. I want to underline this when I say I started buying. If I was going to buy 100 lira, I bought 5 lira. The closer I buy to the bottom, the more profit I make. Personally, I do not add the second 5 liras until it drops at least 15 notches to reduce costs.

I am sharing my experiences with you. I have always been there for you when everyone else has disappeared. Please help me to share my posts with more people so that we can touch the hearts of many more people like you.

Remember, if there was a continuously rising pricing, nobody would lose. Use my analysis to develop strategy and learn technical analysis.

Time is our most precious asset. Therefore, I contributed to you by taking my time. If you do not withhold your shares and likes in return for this effort, you will help me keep my motivation for the next time.

Thank you

Final Note: All the details I provide here are for educational purposes and do not contain investment advice. You may make a loss in your transactions. This notification is a legal obligation.

You can send your questions and suggestions here or on Twitter.