MemberMay 24, 2021 at 5:18 pm
I’m sure most of us have already heard in videos, reddit, around here, etc the importance of holding DURING the squeeze. The volatility is expected to be (and historically has been) tremendous and it can be scary to see your profits drop 30% in a couple minutes. Panic selling will happen and if people are not careful it can become a self-fulfilling prophecy.
Trey went over some good “what to expect” on his whiteboard and I’ll find and repost that here later.
This guy also covered it well in context of why we may have been seeing the hedgies buying up over the last week or so. I haven’t watched any other of his videos yet and am not recommending him specifically. In fact he seems to get into some self-promotion near the end and I just quit out. But if you watch just the first eight minutes he does a good job of explaining the risk of the pseudo squeeze that could trick people into dropping out early.
MemberMay 24, 2021 at 7:05 pm
What’s a good section of numbers to look at to know if Apes are selling? Turnover? What should I look for to know? Last question what number tells me where the peak of the squeeze is?
AdministratorMay 24, 2021 at 7:17 pm
There is no real way to know….unfortunately
MemberMay 24, 2021 at 8:27 pm
Agreed. There are a few people talking about good ways to “feel your way” to the end but it’s not going to be scientific and won’t work for everyone.
Check this out when you have a minute. He gives some good idea of what we may expect (best guestimate only of course).
In THEORY ( all below is just expressing general ideas from a few different sources…NFA). 😛
We’ll see a rise of maybe 3-5 days when the squeeze starts. Maybe a little faster in the beginning as the FOMO kicks in but it will not be one or two days. There are too many shorts to cover for that.
During this time there will be some big dips. As long as the trend is going up ignore them.
One of these dips may be sold to us as the “end of the squeeze”. It will be high enough to tempt people…maybe $300, $500, $1000, whatever, and enough of a dip to scare people. And it will come with a big dip and lots of media coverage and FUD. HODL!!
When the trend line really starts going down it will be talked about here, by the YT channels you trust, etc. TRUST is the key word here. There is not a single media source you can trust. Unless your fav YTer has been in this for 4 months or demonstrated to you that they are Apes you probably can’t trust them either. My personal circle is Trey, Matt, Review Dork, TMI, and Angelo. Lou is on the edge of that circle personally so may be a “confirmation” but not a prime indicator for me.
Almost NO ONE will sell at peak. Too hard of a target. So don’t worry about missing that. Seriously, it sounds awesome to sell at $20,000, but honestly even if it drops 50% you’re still selling at $10,000. Something like this may spike, peak and drop 30% in a couple hours in the scheme of things.
Even if you think it may have peaked, sell in stages on the way down. If you sold 25% on one day when it’s sliding then you have good profits but still a reserve. If it bounces a little you haven’t emptied your bucket. Historically these have some bounces and if you have some reserves you can try to catch those.
Again, NOT advice and I’m a squeeze virgin myself. But I believe in hearing the advice and input of others, looking at history, staying icy and having a plan to help keep the emotions in check even when the gut says to panic.
I REALLY appreciate all other feedback as I’m always absorbing and adapting so please jump in here.
“Every battle is won or lost before it is ever fought”
– Sun Tzu
“No plan survives first contact with the enemy”
– Helmuth van Moltke
MemberMay 25, 2021 at 7:31 pm
Dude your a beast thanks you need to be spammed on webull comments
MemberMay 25, 2021 at 9:18 pm
Those are the 5 I trust along with Roensch. That man breaks down the TA and overall chart on a nightly basis and his experience and knowledge is second to none. If you haven’t followed him please do, you’ll be so much better informed.
MemberMay 25, 2021 at 2:55 pm
I just FOMO’d the rest of my powder ! 😂
MemberMay 25, 2021 at 4:04 pm
You will be able to replace all soon
MemberMay 25, 2021 at 6:34 pm
Man I just don’t want to be one of the ppl Lou talks about. Lol but man realistically will it hit over 1k-100k lol just pictured Lou
MemberMay 25, 2021 at 7:10 pm
Take that video with a huge grain of salt. Anyone that says they have a good idea of how many synthetics are in the market is either lying or looking for click bait. It’s on par with saying they can time when the squeeze will happen. Bottom line…..nobody has a clue how many are out there and it will just have to run it’s course. Even afterwards, we may still never know the true count. The layering, rehypothecation, etc makes it near impossible to know the number. FTD is only an indicator of shares that couldn’t be found to return and fluctuates when stocks become ETB (easy to borrow) or HTB (hard to borrow).
MemberMay 25, 2021 at 8:41 pm
Dont hold out 100% of your shares for a target you may miss.
If we hit 1k on a solid climb consider selling a few shares. Again at 3k and 5k. Or maybe set a stop-loss for 25% of your stock at 2k once we get close to 3k.
Dont sell everything on the way up because it can go higher and too much or that will stall the squeeze. But no one should complain about covering your investment and securing a little profit and it may even take away some emotional stress.
It’s not going to happen in just 2 days and really hasn’t even started yet. I trust that some of the people holding tens of thousands (Trey, Matt, etc) that have been studying the shit out of this will give us some warning signs too. But watch some of the videos regarding recognizing when it may be getting close and make a decision that is right for you. Don’t get greedy and try not to jump too early with everything.
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