A lot of my followers are trying to short pumptarded stocks like AAPL, TSLA, etc.
Having been around during the Dot Com era, I want to let my followers know that pumptardedness can last a long time.
Here's an example, BLDP was in bubble mode for 10 months, took an entire year to collapse and eventually traded around 50 cents before moving back up. And they still don;t make a profit, lol.
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Took about a year and a half to peak and a year and a half to collapse, but I was sorta right, lol.
@VicZ, when a low float stock goes parabolic, there's really no way to tell when it will collapse. Look at PHUN in 2019. Tell me you have a way to figure that one out....
TLRY, BYND, TSLA, etc....
Long or short, it's a crap shoot. Roll two dice, even it's up, odds it's down.
VicZ
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@hungry_hippo, Thank you for your reply. I understand.
hungry_hippo
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@VicZ, whatever you do, don't rely on indicators when you trade parabolic stocks. You will absolutely get killed doing that.
colectorbeats
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feeling attacked for shorting SQ before close today...
hungry_hippo
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@colectorbeats, SQ doesn;t move down enough to make it worthwhile.
It'll also whipsaw for a few days before tanking anyways...
It's way up today
RSI(14) at 96.5 on daily.
Can you post the chart in the AM before market opens ?