$AMC Wrong mindset, wrong questions.
"is the move over?"
"do u think it'll go higher"?
"is it done?"
Those are the wrong questions to ask. No one knows a goddamn thing about the future. the goal is to have a contingency plan based on what is MOST likely to happen.
"is the move over?"
"do u think it'll go higher"?
"is it done?"
Those are the wrong questions to ask. No one knows a goddamn thing about the future. the goal is to have a contingency plan based on what is MOST likely to happen.
A stock can be as bearish as shit, but if enough demand comes in & overtakes the supply, it will go up. a stock can be as bullish as ever, but if supply>demand it will go down. And the imbalance between the 2 can change on ANY day. so u have to reassess ur thesis on a daily basis
That's what a LOT of traders fail to grasp (especially stubborn shortsellers). they think "this stock is a piece of shit. it's overvalued. it HAS to selloff"
It doesnt have to do a goddamn thing. It will continue to go up UNTIL market sells (supply) overtake market buys (demand)
It doesnt have to do a goddamn thing. It will continue to go up UNTIL market sells (supply) overtake market buys (demand)
That's why if u read my tweets, u'll notice that I update my thesis EVERY morning.
I analyze potential demand & potential supply for THAT day, and I make bets based on where the imbalance is on THAT day.
if it's demand = i wanna be longπ
if it's supply = i wanna be shortπ»
I analyze potential demand & potential supply for THAT day, and I make bets based on where the imbalance is on THAT day.
if it's demand = i wanna be longπ
if it's supply = i wanna be shortπ»
DONT be the biased shortseller who sees an overvalued POS & keeps shorting on the way up, getting molested over & over on a 300% squeeze just to nail a -20% selloff & say "see i was right". yeah but u lost -$500K on the way up to make $100K on the way down. that's dumb as fuck.
So conclusion,
REASSESS your stock daily.
REASSESS your thesis daily.
LOOK for who is in control short term.
LOOK for who is bagged.
then follow the winning side.
Quit the biased BS. Yeah being right is cute, but making money is a lot more orgasmic.
#BearTipOfTheDay
REASSESS your stock daily.
REASSESS your thesis daily.
LOOK for who is in control short term.
LOOK for who is bagged.
then follow the winning side.
Quit the biased BS. Yeah being right is cute, but making money is a lot more orgasmic.
#BearTipOfTheDay
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