Submitted by squeakychain t3_ygz2og in wallstreetbets
squeakychain OP t1_iubdfwa wrote
Reply to comment by MojoRisin9009 in Love the degen stuff, but… by squeakychain
I guess with the volatility we re experiencing, we ll make money with puts and calls at least 10 more times by the 23 of Jan.
MojoRisin9009 t1_iubgk5e wrote
I mean nothing is certain, but pretty much, and if you have to cut a position just hold tight until your loss becomes more managable. Of course not YOLOing is a good idea, as always. Lol. Honestly, RSI is 'usually' not a good indicator, and it's very dangerous calling a top or bottom, but in this market, I find it useful. Especially to see overbought/sold conditions, but trying to time those conditions down to a fews days or even a week is just a fools errand and daily charts/patterns/etc are so apt to reverse at this point there's honestly no point at all in trying to day trade unless you're a very experienced trader with the will/know how to IMMEDIATELY cut a loss, because holding any position of any size right now can blow you up reallllll fast. Of course, another huge reason is everyone here is looking for 500/1000% gains when we all know, yea, it's cool, but it's just stupid to try for that shit time and again. It's downright unhealthy and anyone that's done it and went onto survive knows it.
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