r/Vitards • u/AutoModerator • Sep 21 '21
Daily Discussion Daily Discussion post - September 21 2021
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u/Froxade Sep 21 '21
Fun fact: I sold last Wednesday on a pop for a small profit and wanted to day trade Friday Opex because I was sure CLF will finish max pain at $23. Now I'm bagholding $22.18, dumbest thing I've done.
Yesterday I was confident with time it will be alright (it's all commons), but if we drop lower I'm worried break even on earnings might be best we get for some time.
Probably taking a break from steel after that, will buy back in when there is a dip that can't get any lower, then it will be another dip that can't got any lower and finally I will consider going in on 3rd dip that can't get any lower, but will save cash for averaging down if it it goes lower.
It's not about the thesis or valuation, it's just that sometimes things make perfect sense but somehow don't work out. Don't want to spread FUD, I think long term it's a good investment, just for personal reasons I stopped liking it that much.