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Have been consolidating around this 107-108 range for two hours. Time to get back in?
Kando, well predicted, it rose for 20’ and seems to continue to downslide again. Any other prediction?
JH92, not sure when you bought. It is not wiped out completely. It seemed you got in a good price. For each day of 4-5% drop, we lose 16-17% on the 3x. If it lasts for two more days, that’s going to be a 35-40% drop from today’s. Can you still hold?? I can’t.
My feeling as well, I have a degree in economics and so many research studies show time in the market is better than timing the market, I call it bull ****, you can time the market well, get out and find another share on the way down and get back when it goes down, far more profit than holding. In this world of free trade no commission trading, that is doable and advisable,
Yes, agree it seems 106 is our last support, never been lower for a month if we look at the 1h chart. If it breaks then I am not sure where to look next. The US opens today might bring it down further. Too many negatives, any positive news to pick this thing up??
Be careful my friend, if it drops 3 or 4% in the next two days, then all the 3lrr will be wiped out (15% down for 4 consecutive days already). I am waiting for a drop further and back.
I had this feeling as well, never bought shares again. Perhaps the biggest lesson is never be greedy, always take profit and don’t hold long term, it’s volatile and you can make money of it. No doubt it is a great company, it will rise again but it will fall first. I am waiting for 102 or even sub 100 before reentering
I am gone take a break for a while, put too much on 3lrr and got burned.
It broke, I am out. Will be back later. A total lost of 45k from the top, 5k of real money. **** this share, **** long holding, **** principles, always take profit when you can, always.
Terrible start of the day, but it must go up or sideway from here.
I am almost out of patience with RR, been holding for three months and now I am back to square zero, after so many positive pieces of news. It only takes three days to wipe out everything. Today is a bad day, thought a reversal was coming but it getting worse. Can't really stay positive when everything is against us. Any idea to keep going on>
Is it just technical or why does it happen?
Why are you bashing me? I don’t think it’s healthy to just have one sided information. I don’t advocate selling, I am not selling, added another 1k, which is my emergency cash as I expect my salary to come this weekend. I am just sadden and frustrated with the move. No one should expect a drop if you are long and holding, unless you sold out and wanted to get back in.
Solid, that 5x leverage is mental, 3x is really volatile, I can’t imagine how 5x is. I am interested in RR because I though it will gradually rise, I don’t want a sudden jump as a quick drop will follow. I knew this is going to happen but can’t believe this drop. The news over the weekend doesn’t help, and the useless EU was contributing to this. Great that we are out of that mess. But I am out of profit as well, coming here to rant with the fellows.
Still holding? It dropped from 1.7 to 1.1, about 40% from the top in 3 days, I am gone with all of the profits and now in red, ****ing ridiculous with how this moves, never thought it is going to be this
Pumpy. Are you still holding guys?
Thanks for honesty Dillion, that sounds like it just balances it out - I guess you won some and perhaps lost some. I held since December so still up (around 40%), still worse off than last week. I actually bought more yesterday and today, every time it dropped. My method is just simply buy when it's red, but I never sold. I am pretty it's not a good strategy, but I simply don't know when to sell. Just felt it must go up more and more.
well done Dillion, can you share what prompted you to sold at 125? I set my take-profit at 127 but could n't resist. What convinced you to sell? I am not a troll or anything, as you might remember we have chatted for sometimes on this 3xRR.
good for you Dillion. When do think about going back?
I hope you Kando, but perhaps I will sell this time and wait for a buyback. And you know what will happen? Perhaps it will never come down again for me to rebuy.
Bbang, yes, I am, that's why I am gutted. A move of 3% in RR is 10% in 3xRR, I was up 98% earlier this week but didn't sell out and now lost a paper profit of around 11k. I am all believing in this company, it's just we are playing a different game. If we sell and rebuy, a far better profit. Absolutely gutted and congrats to you for a correct decision, today is a perfect buy, even if it dips further, you are still better off than you were on Tuesday. Well done.