That is my bet, but it could spike too, I guess. I dunno. But I'm in it for the long haul. This is a battle of attrition, and I'm a fuking diamond hands IRON MAN.... What's the one you are getting burned on Overnight?
The one thing about Ken is he isn't wrong for long. He takes his losses quickly then waits for a new top. He'll be right sooner or later and make a piss pot full. In the mean time he takes advantage of what the market gives him to recover his losses.
Very smart on Ken's part. Whenever a trade goes against me I see if that trade can make sense in any other time frame so as to avoid cutting my losses. Not so smart.
Market's like a nightclub with lots of hotties, gotta be a pua and play the field vs letting them move in with you. Getting out at the first sign of trouble is key, you can always get back in to something else that looks hot "don't hate the playa, hate the game" "hit it or quit it" L8er
Watching GME tank is a bittersweet feeling. I'm happy my current shorts and naked calls are in the profit but sad that I missed once in a lifetime opportunity to short even more shares. I was saving a huge amount of buying power to short more if GME touches $500. Not sure if GME will ever touch $300 now. WSB folks are confident and they bet their life savings it will reach $300 soon. I see people on WSB dumping 100% of their life savings into GME and GME calls. They claim they are out to get revenge on hedge funds. There are a few who got rich by doing that but there are many others we don't hear from who went broke.
I pm'd a few here yesterday right after the bell and told them to jump on it at $127. I missed the $140 calls by .75 with a limit order I refused to chase. I had $10.75 bid. They hit 11.50. Closed at $39. What I miss Salty? $200 pretty much held last week.I said it was only good for a week. And my warnings about being short I made last weekend.... I guess we'll see. 31% straddle... if it heads up, it's not gonna stop. That's all I can say.