After collapsing 90% from my initial short setup.
Meme stocks are being ape rapped again. GME has fallen as much as 54% since my second short setup posted here.
now down 44% in profits.
All the while the GME crowd telling me how bullish it is and telling me about their cute stories. Well for their sakes
this critical support area must hold here. I doubt it will hence holding my short for now.
it is unfortunate that people do not understand percentages. Shorts can never make more than 100% since the price will
have to trade below zero. Which is not possible. Thus how many 100% gains one has to the long side the only 100% move
that matters is the one going down to ZERO!
As I mentioned before, "if they don't scare you out they will wear you out."
we are all watching this play out in real-time.
Meme stocks are being ape rapped again. GME has fallen as much as 54% since my second short setup posted here.
now down 44% in profits.
All the while the GME crowd telling me how bullish it is and telling me about their cute stories. Well for their sakes
this critical support area must hold here. I doubt it will hence holding my short for now.
it is unfortunate that people do not understand percentages. Shorts can never make more than 100% since the price will
have to trade below zero. Which is not possible. Thus how many 100% gains one has to the long side the only 100% move
that matters is the one going down to ZERO!
As I mentioned before, "if they don't scare you out they will wear you out."
we are all watching this play out in real-time.
Commentaire:
GME $136 breaking. Now crossing of the line in of its self is not a big deal but a hold below is. Keeping an eye.
Real Macro Economic Investing
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