Member Info for SenorToro

Stops will be around 2.60, so could easily see a squeeze today.

You must be very new to investing. If you can't stomach seeing your account value down by 50% you probably shouldn't be in this game as you will likely make panic decisions and sell for losses and actually devastate your accounts. There is a difference between bagholding and selling for a loss. The worst thing if this drops next week will be that you didn't get in at best price, but that's nearly always the case. Just sit back and relax. Turn off the noise if you're feeling depressed and impatient, as you will cost yourself dearly by doing something stupid.

Not because of the new 'news', I have thought this since Thursday. We see some selling and panicking starting off the week, shorts trying to jump on the nervousness of some investors, but by Tuesday-Wednesday there will be nothing left in the tank and buying will be insane. Not quite elevator down, elevator up, but escalator up. Profitable companies don't stay down for long.

One last thing - this place is full of people trying to be strongly opposed to the bull/bear thesis to poke holes in others' commitment and see if they can find an argument good enough to convince them as ultimately, they are unsure and looking for that elusive '**** sure certainty' that playing in the markets just doesnt have. Look, you've placed your short, kept it open over the weekend out of necessity and are trying to remain professionally bearish without seeming desperate. You did a good job. Not.

Same approach I took during the coronavirus sell off and enjoyed plenty of bullishness in the face of doomsayers . Look, I'll leave it like this: the price is DEFINITELY either going to go up or down next week. But I think I'll be doubling my money here before Xmas, very muchly actuallyz. KTHX and goodnght.

I know, god forbid news outlets would take advantage of news, right! Well look, you're clearly desperate for price to tank so I'll play your time and say it may well tank. I guess I won't see you on the train back up though? It'd be Morally wrong, wouldn't it? I mean, that's what you're banking on the investment funds saying? Yeah, screw money, we're all here to be little just cherubs who want to save the world.

To push down the price for, shock horror, monetary gain. Everyone is looking to make their buck and don't trust the integrity of investment funds who are, in the big picture, irrelevant and probably looking to boost their own profile through this. I believe bandwagon and jumping ring true here. The same people bashing will be rushing to enter when they feel the true bottom has been found. They're hoping for 180 but that's a pipe dream.

A trickster that constantly tries to convince you that you are wrong and made a mistake. Have the debate with yourself before you buy, make your plan and stick to it. If you are wrong, then your plan will deal with that (e.g. stop loss, cut position size, HODL, cover, scale out, whichever it may be) but do not ever allow the see-saw of price action, or noise (news) affect your conviction. If you do, you've lost and someone else has won. Holding this all the way to 400p, and buying on the way there as well.

If stocks just went up and up and up where would the fun be? ;P - Seriously, the hardest thing to do is hold firm especially when you have profit. Make a plan, write it down, your thesis, price targets, why you believe it (is it based on previous charting or price action, sentiment, fundamentals, hunch? - all valid plans as long as you stick by them. The MMs and general run of the mill supply and demand imbalances represent psychology - some decision making and some panicing. Just make sure you are on the decision making side at all times and don't give your shares away sooner than you planned.

Gap downs and sell offs will happen. Are you a scalper or a day trader? If not, you have nothing to worry about. The swing trade here is intact and will play out over weeks and months. Just chill Winston!

Have a great weekend, ignore the noise and think long term. Next week uptrend establishes.

I expect a bullish close to just below or above 300 but not HOD. Then on Monday could be bit of selling or buying, but Tuesday-Friday will establish the new uptrend.

Classic bullish price action - long and strong baby, get your shares now while they're still dirt cheap.

Just wait for it.

All aboard

Good action so far.

Both - day trader shorts exploiting weekend selling as well.

Or flatish tomorrow and down on Monday, but it will see past 320p at some point next week.

But next week - she takes off.

That would need to be over several weeks, not days.