RE:Who’s ready for crazy day!Meanwhile we wait for the crazy day, here something I will share with you :-)
I'm retired and stockmarket is only a hobby now. So I will share you one nice thing about entering a weekly stage 2 stock.
When the shareprice climb, guess who is the perfect investor to rise the stock? No it's not the buyer....it's actually the fundamental shorter (technical shorters are more effective as they only short in a stage 4 stock so there not our ally).
The way the fundamental shorter work is if they think the price is too high and think it will go down then they will start shorting. But in a weekly stage 2, guessing the top is like someone who puts a target price, it's based on fundamental point of view, technical traders know you can have a weekly stage 2 for months, years so a target price is only good to let money on the table or get burn.
So what happens when a fundamental shorter thinks the shareprice is too high and has to fall.....they short and become a sitting cash position, yes they cash in the stock they sold but have to buy it one day.....in a weekly stage 2 they will get burn and eventually they will buy the shares to cover and limit the loss....but wait there's something even better...they are actually a unlimmited cash position as they never know how much cash they will need to buy back the shares! Smart shorter will protect the loss by purchasing some option, warrants or putting some buy stop-limit orders (which daytraders love to trigger lol).
Now let's enjoy the day!