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Imagine how a devotee of TA would have traded that.
It's gone up 500%, so clearly way overbought.
Now up 1000%. Ridiculously overbought. Take out a 3x short.
Up 2000%. It's going to crash. Stick $250k in a put option.
Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.
My strategy would have had me bought where circled in Red and sold circled in black @ 112 after a 1500% gain.
Yes it was gone up another 700% and more is to come (purple circle because Stochastic RSI has not yet crossed down 80).
As so many are fond of pointing out, timing the market is not what we’re trying to do. We want to make money and keep it.
I’d be very happy sitting on 1500% gain and to have locked it in. Some here would be complaining about missing out on the other 700%. There’s you problem right there - they don’t know they’ve won.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
With the hindsight of an all-seeing historical time-series chart of what actually happened, my strategy would've been to buy-in at the overall minimum price and to sell at the overall maximum price.
My strategy would have had me bought where circled in Red and sold circled in black @ 112 after a 1500% gain.
Yes it was gone up another 700% and more is to come (purple circle because Stochastic RSI has not yet crossed down 80).
As so many are fond of pointing out, timing the market is not what we’re trying to do. We want to make money and keep it.
I’d be very happy sitting on 1500% gain and to have locked it in. Some here would be complaining about missing out on the other 700%. There’s you problem right there - they don’t know they’ve won.
If your strategy and skill is so good, why did you not spot this and buy in? We can all look at data in hindsight and
say what we would have done, but if you didn't do it then it's all bull fella.
Your strategy is flawed. You will realise this one day. Maybe. If you're lucky you may not have lost too much money by then
If your strategy and skill is so good, why did you not spot this and buy in? We can all look at data in hindsight and
say what we would have done, but if you didn't do it then it's all bull fella.
Your strategy is flawed. You will realise this one day. Maybe. If you're lucky you may not have lost too much money by then
I had no idea. I do have a life beyond just making money.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
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