10.24.21 DWAC I have a friend who bought a lot of shares of the stock around $12. I thought I would use this stock to help frame the market and help my friend maximize his return on this speculation. Obviously, if he were going to buy and hold, we would just sit and watch. But my friend wanted me to watch this marketer he would've told me about it and were going to try to help him manage this trade. The reality of this is it my friend has a tremendous amount of unrealized profit, but in two days the market corrected 50% off the high, and he still has hundreds of thousands of dollars of profit at this price. I showed you how you could trade a spike and how this worked out at the end of two trading days. That is one technique to handle this market. Was there a way to have taken profits when the market was at hundred and $80 which was also part of a mathematical pattern? Obviously, if he recognized that pattern and was still in the market, it would've been better for him to take all his prophets in $180. No matter what we do we are damned if we do and damned if we don't... And that's part of trading. So my friends in the market and he's in the money and let's see if we can help him manage his position, and let's assume that he's willing to trade the dynamics of the market and maybe scale in and out in ways that can lock in some money, and at the same time take some money off the table when it's appropriate. It's a lot of fun watching people risk their own money, and it's more work when we are risking our own money.
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