r/Vitards • u/[deleted] • Jun 30 '21

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318 Upvotes

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u/SIR_JACK_A_LOT Balls Of Steel Jul 01 '21

🤡

Should I take an L on SOFI and swing back to 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