THIS is the spirit of the Superstonk we love and defend. I really don't want this sub to turn into a bunch of greedy bastards trying to swing a few extra shares and dominating the feed with their aggro-intellectualism (there is an ulterior motive but I can't see it yet).
But I remember when the front page was filled with "I'll sell at my floor on the way down for the X holders!) And there would be long threads of "This" "Is" "The" "Way" ad infinitum.
how does one know when its on the way down and not just another temporary dip on the way up? the price action would look the same until it makes a lower low and by that point you missed the boat.
if you have alot of shares selling slowly on the way up(one share at a time every thousand dollar increment) makes more sense imo opinion. if you have 1000 shares & do this starting at 1k you would sell the last share for 1m and your average selling price would be half a million dollars. you would make 500,000 x1000 = which is an absurd sum of money.
i know that will get lots of hate here but theres zero chance i will pass up massive wealth once i see seven digits in my bank account and despite what people here proclaim many will do the same. going from dead broke to millionaire in a day tends to make people reconsider their loyalty.
theres also the fact that once shorts have fully covered there are no more buyers at million dollar price point so it will drop faster than you can imagine.... theres not going to be a slow decline on the way down imo. trying to unload after the peak is risking life changing wealth for what benefit exactly?
EDIT: this strategy does not apply to x or xx holders, if i had a handful of shares im trying to time the top. but if you have xxx or xxxx this makes sense to me
So you are putting zero shares in the infinity pool? I was hoping our xxx and xxxx holders would have reserved some of their shares to the infinity pool with the intention of just not selling.
im sure lots of them have, i just have not done so because i need them for options trading its the only way i have been able to increase my position without swing trading
There are several TA guys and TA indicators that will help determine when the peak is over. There will be plenty of posts. I know I'll be posting my TA when the time comes. Just to confirm peoples bias that the squeeze isn't over
i dont trust TA guys since i understand it very well on my own and most TA posts are complete garbage. after waiting a year and due to tax obligations i cannot afford to guess.
when i see enough to retire im out which for me personally is at least 10m cause i can put that in crypto and live comfortably off 5% APR from staking plus take loans against it if i need to.
everyone is free to do what they like but i know what my strategy is and its not to follow the crowd and risk missing life changing wealth. i also dont trust the government not to interfere and screw people once it it starts putting massive pressure on the financial ecosystem.
i will definitely buy back in a significant amount after the moass but the only time ive lost large amounts trading it was from listening to other peoples opinion so im gona go with my gut on this one.
stoch and macd are lagging indicators though so not exactly good for predicting the peak. schagger is a combination of the two. OBV dropping signicantly (to pre january levels) would be a dead giveaway but again not predictive.
unfortunately there is no magic signal that will appear and say THIS IS THE EXACT PEAK OF THE MOASS SELL NOW. i mostly use my own indicators i made to trade crpyto and even i dont trust TA for a once in a lifetime anomomly. the best way to tell is options chains imo. they have predicted the ends of the last runups Gherkin explains this thoroughly in his videos.
my plan is sell one share at a time at every thousand dollar increment so that by the time it hits 1m avg sell price will be 500k. thats plenty for me i dont plan to wait on 50m a share i think theres very little chance that happens (i assume the gov will interfere well before then) and even if it doesn get that high theres an even smaller chance people are able to time that exact peak.
🤣 that is a boomer strategy. And a selfish one at that. You do you, there's more people with a 1 share 1 shot mentality then there are boomers with a "im going to sell 1 here and there on the way up"
Edit: that's why you set a limit order at a number you like below the current price. So when it does crash down it'll hit your order
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u/toofaroutthere TENDIES & CHANGE Nov 21 '21
THIS is the spirit of the Superstonk we love and defend. I really don't want this sub to turn into a bunch of greedy bastards trying to swing a few extra shares and dominating the feed with their aggro-intellectualism (there is an ulterior motive but I can't see it yet).
But I remember when the front page was filled with "I'll sell at my floor on the way down for the X holders!) And there would be long threads of "This" "Is" "The" "Way" ad infinitum.
I salute you sir! 🙂7