Just checked WallStreetBets and they are striking again. I want to make a few points.
• Before opening a position, it is good to have an exit strategy.
• Successful market concepts are often built upon the recognition of institutional accumulation and positioning oneself before it is over.
• Market doesn't care about one's ideology or the news (unless it is unpredicted). Is it wise and worth to wage ideological wars here?
• Ultimately, even if the message is sent, the hedge funds will get their bailout anyway, so it is impossible to defeat them like this.
Good luck to the people involved. I don't think it is meaningful, it is the people who lose money. But I agree it was hilarious to see the US Congress asking Robinhood CEO if they can just give the institutions their money back... Their understanding of markets in some cases was -- quite lacking in to put it bluntly.
I expect the market to go no further than $200 where the major candle's body is.
• Before opening a position, it is good to have an exit strategy.
• Successful market concepts are often built upon the recognition of institutional accumulation and positioning oneself before it is over.
• Market doesn't care about one's ideology or the news (unless it is unpredicted). Is it wise and worth to wage ideological wars here?
• Ultimately, even if the message is sent, the hedge funds will get their bailout anyway, so it is impossible to defeat them like this.
Good luck to the people involved. I don't think it is meaningful, it is the people who lose money. But I agree it was hilarious to see the US Congress asking Robinhood CEO if they can just give the institutions their money back... Their understanding of markets in some cases was -- quite lacking in to put it bluntly.
I expect the market to go no further than $200 where the major candle's body is.