Starsearcher80 wrote: InvincibleOne, your naive understanding of the market, combined with you opening your mouth at any point in time, serves to highlight you as the Clown you are. To educate you:
1) You said "I am unable to spot the bottom". You mean like the bottom in March 2021, when the stock dropped into the $35's, and then bounced up over $44? That bottom? Ohh, wait..that wasn't a bottom. How about in May 2021 when the stock dropped into the $27's, and then bounced in a few days back over $32. That bottom?? Ohhh, wait! That wasn't a bottom either! Well how about last November, when the stock dropped to the $14's and then bounced quickly over $20. That bottom??? Noooo, say it ain't so. You mean that wasn't really a bottom either?? Damn! Yet all of the Clowns here were calling these "buying opportunities", and crowing about the bounce back up, only to be taught the lesson over and over and over again. Clearly, you didn't learn the lesson.
2) "Spotting the top". Yes, absolutely this is important too, in whatever timeframe you're working in. But wait, you missed the top back at $70?? Yikes!
As a trader, there are rules that you need to follow. If you don't, then you find yourself rationalizing your mistake. A good example of this is where "wannabe traders" take a position, and it goes against them, and then they switch over to saying some version of "I'm in it now for the long-haul". Or they buy more to try and average down to minimize their initial mistake. Most only double their original mistake.
As a technical trader, everything is about charts and a careful calculation of risk/reward ratios. As part of my discipline, I look for, and avoid, all bubbles, however they are created. Look back no further than the meme bubble that pushed this stock back up to over $70. I wanted no part of that. Why? Well first of all bubbles completely torque your charts and make them invalid. So essentially, you're flying blind. Secondly, the risk/reward ratio is simply not there. It's not to say $70 wouldn't have been nice. But the risk aspect is not worth it. And so you stay away. Traders try and hit singles all day long. Clowns go for home-runs and just fail.
When I said, now over a year ago, to get out at $44, and ALL of the Clowns jumped on me for saying that, it was a technical comment. This has only proven to be 100% right, and a massive Clown fail.
3) Also as a trader, my comments on any given stock are only valid at the time of posting and for as long as I think the comment is still valid. With that, I can change my position in a heart-beat and often do. People say "well how long are you holding it?" To have a set date or target in my world is to be boxed in to an artificial setting. The only answer is "I'll hold it until the technicals suggest otherwise". That may be intraday, a few days, a week, a few weeks, and sometimes (very rarely) longer. But the point here is that my only allegiance is to the data that I see in real-time. Upon taking a position, I actively try and challenge that position, right out of the gate. This approach keeps you honest and open to changes that can and do affect the market as a whole and your stock in particular. To NOT do this, is the equivalent of drving with your eyes shut. Not a good idea.
4) Finally Clowns, as a trader my training says that I am never smarter than the market. The market speaks to you all the time, and your job is to listen. As soon as you think you have it all goin' in, or are smarter than what the market is clearly telling you, then you're going to get your head handed to you...case in point.
Your lesson here is over Clowns. Now, do I expect you've learned anything? Absolutely not. As always, you will remain as your own biggest stumbling block to success in the market, and wash out as so many Clowns before you have. It's just the way it goes.
Invinciblone wrote: as a trader being wrong about the top of a run is being wrong you have sold early like reallly early here elseveral times
you also are unable to spot the true bottom which also makes you wrong. My guess is you did move on your shirt position last week when this was a few bucks lower how much will that cost you?
long positions that's great to hear what are they???
You still long on AC? You have been wrong there many times over as well
Starsearcher80 wrote: Mistakes? As a trader, and a good trader, about 70% of my long position choices are correct. But that leaves 30% as a mistake. But traders train themselves to recognize mistakes quickly. In fact, they actively challenge their decisions, constantly. They are completely flexible to change their mind and subsequently, their position. That way you get out with a nick rather that a gash, or in the case of the Clowns here, a devastating fatal wound . You do not make money being a cheerleader. You do not make money marrying a stock. There is absolutely nothing with being wrong. Just be wrong quickly. ;)
Invinciblone wrote: Starcrapper and Lou are from the same paid to bash group
he loved to point out others faults but refused to admit his many many mistakes he has made
TheProphetElijah wrote: Wonder if Star knows why Canopy in the green while markets red.