You must be from Zimbabwe or something. Remember when Zimbabwe's stock market went up over a gazillion percent? It still meant nothing because that wasn't even enough to buy a toilet paper to wipe your ass. The reason people are so fixated (but nowhere near as you) on these "%" is because there's no easy way to communicate it to their dumbass lay readers. Now get over it.
I don't think you are understanding the subject matter. A stock that drops from $10 to $5 can just as easily recover back to $10. The idea that it's somehow harder to recover because of the percentages is a complete fallacy.
The fallacy is you using the word “harder”. I don’t know who said it’s “harder” but that’s not the point. The point is … if a stock halve then it has to double in order to recover. That’s it … How easy has nothing to do with percentages but apparently it was easier for the underlying to lose 50% in the first place than to double. A wise once said “There must be a reason for it to be a bargain” and a lot of traders bought cheap and sold even cheaper. But of course … there’s money to be made buying at a discount.
A bargain is relative. Anyway if you see the link there are a lot of traders that believe this fallacy.
GME still earning...I have a sep13 25 call that I collected $1400 opened on Aug13. It's currently up $543 but I want all of it! Btw my break even is now 25.38...I was originally assigned at 28 I think. See the system works P.S this isn't including the 16k I made in June...
From a statistical view point, each trend has a life span and it is possible to scan the distribution of the trend life. Most trends tend to have a short life span. The MGY trend that lasted 42 days and it ended in April 2024. In terms of probability, being patient, one can avoid entering trades with short trend.
It sounds like Elliott wave is for you if interested in statistics. 3 wave was quite extended, so B could be 5 making A 4....since the 5 wave can be stunted when 3 wave is extended.
Well I weathered that storm. Instead of closing for an 8-9k loss at one point I will be resuming the selling of calls on Monday as price should be around $20. My break even is currently 19.73. Even at these levels I can turn some calls for profits but I want to see what Monday brings. Remember I originally got assigned at 23! All I had to do was do nothing for barely 2 weeks while they went stop hunting lol....well I binge posted here and worked on my spreadsheet.