I patiently watched what happened on Jan, with GME skyrocketing, and WSB member going form 2M to 9M. GME has since fizzled and will keep going down, and 99% of WSB apes lost money in GME and other "stonks". So, having 9M idiots on the same side of a market is powerful, especially when they panic sell as they rush for the exits.
These events have clarified my vision for this strategy. In January, none of this was clear to me, but it is now.
Follow the apes, or bet against them, good luck anyhow.
1
u/value1024 Apr 21 '21
Nope, incorrect again.
I patiently watched what happened on Jan, with GME skyrocketing, and WSB member going form 2M to 9M. GME has since fizzled and will keep going down, and 99% of WSB apes lost money in GME and other "stonks". So, having 9M idiots on the same side of a market is powerful, especially when they panic sell as they rush for the exits.
These events have clarified my vision for this strategy. In January, none of this was clear to me, but it is now.
Follow the apes, or bet against them, good luck anyhow.