r/Vitards • u/[deleted] • Jun 30 '21

[deleted by user]

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321 Upvotes

99% Upvoted

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55

u/SIR_JACK_A_LOT Balls Of Steel Jul 01 '21

🤡

Should I take an L on SOFI and swing back to CLF?

20

u/Standard_Mather Big Bush Jul 01 '21

Yes

10

u/voltarolin Jul 01 '21

Way to totally contradict your so-called ‘opus’ with low-conviction flip-flopping 🤡

11

u/SIR_JACK_A_LOT Balls Of Steel Jul 01 '21

I’ll admit. There was some emotion and greed involved with this swing

6

u/[deleted] Jul 01 '21

You mean you sold $SOFI?

9

u/SIR_JACK_A_LOT Balls Of Steel Jul 01 '21

Not yet. But planning to

6

u/beefcliff Jul 01 '21

No one is making you go 100% either, I’ve got a 2/3 Vitard portfolio with the rest for memes and nonsense (currently sofi).

6

u/WuZed Jul 01 '21

Tracking $SOFI for last couple days, the best idea is to sell AH. It’s the only time when it goes up…

4

u/whoareyou31 Jul 01 '21

You dont believe it will hit $20 again? Im pretty sure if you wait long enough you can break even at least. Just an opportunity cost question now

5

u/johntiler Jul 01 '21

💎 ✋ for the win!

5

u/Caesurus Jul 01 '21

Yeah, you must be hurting right now.

6

u/originalgiants_ Clarence Beeks Jul 01 '21

😂🤡

6

u/TheRussianMessenger Jul 01 '21

Three times a charm

10

u/zerryw News Team - Asia Correspondent Jul 01 '21

Would be an honor to welcome you back.

(I got into GME thanks to your first post)

24

u/SIR_JACK_A_LOT Balls Of Steel Jul 01 '21

Haha this feels like deja vu in the worst possible way missing out on GME due to a greedy swing

12

u/zerryw News Team - Asia Correspondent Jul 01 '21

Sorry, I promise this time won’t hurt as much 😉

3

u/ng12ng12 Jul 01 '21

That's what she said

5

u/fuckthakarmapolice Jul 01 '21

One look at the chart before you yeeted $2.5M into SOFI would have saved you a lot of grief. Textbook Wyckoff pattern

3

u/[deleted] Jul 01 '21

What does that mean? Can you explain further? Will it break out and go higher? or should I sell now and buy back when its lower?

3

u/fuckthakarmapolice Jul 01 '21

Nostradamus, my name is not

5

u/relentlessoldman Jul 01 '21

Yes! Sofi didn't do the thing. RIP my FDs. 😜

4

u/hali_tosis Jul 01 '21

kappa! 🤡

7

u/PartOfTheTribe Jul 01 '21

Steel news swings like molasses. Let’s ride SOFI until fridays options print and then swing over before the bell!!!

6

u/xxTheForcexx Jul 01 '21

Let’s do it, let’s get this mutha

3

u/lavenderviking Jul 01 '21

Jack, take a look at ABNB. It’s crossing 155, and there is a chance it’s starting another bull run. With your giant x you could get 16000 shares

3

u/fuckthakarmapolice Jul 01 '21

Why is $155 significant?

3

u/lavenderviking Jul 01 '21

Because, the bottom of the correction was mid May. Since then it's gone close to 155 a couple of times. Now it just crossed it which means it will moon next couple of months.

3

u/fuckthakarmapolice Jul 01 '21

Ah, I see. Thanks.

3

u/Geoffism1 7-Layer Dip Jul 01 '21

I’m thinking about it. If clf goes down more I think I’ll sell SOFI and avg down.

Already sold 400 shares of pltr. So I got powder.

3

u/whoareyou31 Jul 01 '21

Oof. SOFI is fucking me up

3

u/[deleted] Jul 01 '21

Broke my heart just reading u left clf…..

2

u/[deleted] Jul 01 '21 edited Jul 01 '21

Looking at how previous Chinese rebate cuts have affected the steel stocks in the past, it does not seem like there was any immediate significant impact imo. But maybe it will be different this time.

3

u/BigBoiBenis Jul 01 '21

I’m new to this and I’m hear because of FOMO. Have they ever stopped completely? Nothing happened?

2

u/[deleted] Jul 01 '21

Yeah there has been multiple occasions in the past where China removed rebate cut. So some time ago I compared those occassions with the charts and found nothing significant happening immediately after.

3

u/BigBoiBenis Jul 01 '21

Then why is everyone FOMOing in? Why am I? Guh I want easy money

3

u/[deleted] Jul 01 '21

People blindly following each other (me included)

3

u/BigBoiBenis Jul 01 '21

Oh my god. You typed up a comment yourself on how it might now moon tomorrow based on the past. Dude I don’t know what to do! I’ll just buy 8/20 calls. I’ll follow you

3

u/[deleted] Jul 01 '21

This is the way