GME UPDATE CRITICAL POINT
After collapsing 90% from my initial short setup.
Meme stocks are being ape rapped again. GME has fallen as much as 54% since my second short setup posted here.
now down 44% in profits.
All the while the GME crowd telling me how bullish it is and telling me about their cute stories. Well for their sakes
this critical support area must hold here. I doubt it will hence holding my short for now.
it is unfortunate that people do not understand percentages. Shorts can never make more than 100% since the price will
have to trade below zero. Which is not possible. Thus how many 100% gains one has to the long side the only 100% move
that matters is the one going down to ZERO!
As I mentioned before, "if they don't scare you out they will wear you out."
we are all watching this play out in real-time.
Meme stocks are being ape rapped again. GME has fallen as much as 54% since my second short setup posted here.
now down 44% in profits.
All the while the GME crowd telling me how bullish it is and telling me about their cute stories. Well for their sakes
this critical support area must hold here. I doubt it will hence holding my short for now.
it is unfortunate that people do not understand percentages. Shorts can never make more than 100% since the price will
have to trade below zero. Which is not possible. Thus how many 100% gains one has to the long side the only 100% move
that matters is the one going down to ZERO!
As I mentioned before, "if they don't scare you out they will wear you out."
we are all watching this play out in real-time.
Note
GME $136 breaking. Now crossing of the line in of its self is not a big deal but a hold below is. Keeping an eye.
Real Macro Economic Investing
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patreon.com/Realmacro
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.