RE:RE:RE:RE:RE:RE:RE:RE:200 DMA 16% trading return in less than two months is an annualized 100% gain when I went all in late January. This includes the loss I've taken on my current position. You never lose money taking profits.
I know Socrates doesn't believe in moving averages but it was clear something was up when after the LG news there was significant sell volume. Someone knew and was liquidating.
Position and risk management is key. You can't buy puts on Qtrh but you can manage your exposure via your holding size. I can now have a 550k stack because of these decisions. The question for me is does it draw down another 10-15% from here.
I don't like the way the stock ended the day and unfortunately I am holding a bag like the rest of you. Mine is just a lot smaller now than it was.
I started with 50k shares is Qtrh and I grew that to 500k trading the volatility. You can make money on this stock. You just can't buy and hold it unfortunately. You just have to avoid the downside volatility that tends to come during qtrly announcements.
I knew they weren't going to be great, that is why I kept some money in. If I knew how outrageous they were acting I would have sold everything.