Sat Feb 13, 2021 11:37 am
The markets are never ever reality so always trade cautiously. Always. No matter how much hype, how much due diligence you've put in...your #1 job is to protect your capital.
It sure feels like a bubble. Who knows it could keep going. I do see a pattern here that says there's potential for the markets to pull back this coming week. But everyone feels a pullback is coming so the shorts jump in...then they roast shorts forcing them to cover driving prices up further. They'll probably just keep doing that for liquidity to offload into
We could also be pricing in stagflation or inflation into stock prices leading the the increase, factoring in all the money printing... basically a dollar will be worth much much less a few years from now the market is saying
Honestly I'm not even playing most of this stuff because it's beyond insane. You can't properly manage risk trying to play something already up 500% expecting it to go up another 200%. It's fun for a lot of guys looking for extra money making small bets. But you can't trade these as a business with a 30-50k plus position. It's just not a scalable long term strategy that you can trade year in year out. And when it turns it's gonna tear a lot of new traders a new asshole. Like gme did.