RE:RE:RE:RE:RE:QUESTIONYou fail again Newbee. But that comes as no suprise, because failure is your calling card.
A question that often gets asked is "how long are you going to hold it for?" My only answer back is this:
"For as long as my hopes don't clash with the realities as they present themselves."
And this is where the Clowns get caught. They cling only to their hopes, and refuse to challenge themselves, continuously, with the realites as the present themselves. They don't want to be wrong, so they extend their timefreames outwards. What was initially a shrter timeframe now gets pushed out years. And for what. To sit on dead money? To somehow, torqued as it is, try and pretent that you still have a plan?
Simply put, Clowns will do enything and everything to try and avoid admitting their wrong. To the contrary, I'll look to be wrong every day. And if I do come acress a clash between my hopes and the realities that present themselves in realtime, I'll weigh the risk/reward scearnio and either stay or get out quickly. There is nothing wrong at all with being wrong quickly. You get out with a nick rather than a gash, or in the case of the Clowns, devastating wounds.
So if I take a position, how long will I be in? Maybe only hours. Maybe days. Maybe weeks. Maybe months. But only for as long as hopes allign with a ruthless assemssment of the realities. To say with predetermined conviction that "I'm going to hold this for years" is to box in your own thinking. Your predetermined timeframe avoids assessing realitiy, because you default to pretending you don't care...."because I'm in for the long haul". Total b.s. And in the process, you lose about 85% now as the Clowns have.
These are all classic mistakes people make in the market. I made them at one time too. But the key is to learn, and to learn quickly, before you wash out. as many of the Clowns are now in the process of doing. The market is a ruthless place, but truly, no one should be more ruthless on your position than yourself. If you can't do this....if you can't entertain and discuss and debate and challenge yourself with views completely different than your own, then you are doomed to fail.
Case in point, right Clowns? ;)
Newbie420 wrote: You didn't answer. You deflected and changed the subject matter. I feel like we are playing the Clown version of hangman. So far you have the shoes and the onesie on. All you have left is the make-up, wig and red nose. The board is slowly learning who the Clown really is. Now get back in the trunk and hang on. Clown car ++++++++++ out!
Starsearcher80 wrote: Nice try, but a total fail.
In the past 2 months, the overall market is down about 10%. AC on the other hand is up about 10%. It's worth noting that Weed is down aboutt another 15% in the same period, at lows that haven't been seen for years. You want to suggest that WEED is at some extreme low, and a total buy, but not even an 800 point bounce up can help it? In fact it goes down even more? Ya, I'd be concerned. It speaks to the strength of the stock.
AC up 0.11 on the day? Yes, I would have liked more. But here's the thing. Even though I'm not playing in the 1 day timeframes, ff there wasn't the "more" I would have noped for, even on just the day I immediately work to test all my theories, and challenge them. I actively try, ALL THE TIME, to poke holes in my beliefs. BUT THAT IS WHAT YOU SHOULD DO, ALWAYS. THAT is what keeps you safe. THAT is what keeps you nimble THAT is what keeps you on the right side of the trade.
But the Clowns do none of this. And THAT is why you're down 85%. Your one-sided blind faith in your own beliefs, and your unwillingness to challenge yourself, has cost you dearly.
Newbie420 wrote: Move over clowns. We have to make room in the clown car for Starsearcher. When asked to answer his own question in relation to Air Canada he gives nothing because he has no intelligent response to his own question. Actually don't move over guys will just put him in the trunk.
I thought you were a good Basher but you're actually really weak. As a basher you're not supposed to give specifics about anything that you do or recommendations that you make because people can see how wrong you are. You're only supposed to ask pointed questions that try to control the narrative . You're not really good at that either . Anyhow feel free to answer your own question and whatever you say just apply that to canopy and will consider both questions answered.
Clown car +++++++++ out!
Newbie420 wrote: The same way you can justify Air Canada being up a mere $0.11 when the Dow is up 850 points. How do you reconcile this?
Starsearcher80 wrote: So the Dow is UP 850 points right now, and WEED is still down? Hmmm, how do you reconcile this Clowns?