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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Jacob Snyder who wrote (74916)12/19/2022 11:36:33 AM
From: Sun Tzu   of 97457
 
You don't get it. I am still bullish on BFLY and am still buying it opportunistically. But I am not you. I don't rack up big losses on a position even if I believe in it. I get out of the way and buy at lower prices. And I closed my BFLY position this summer before I restarted it recently.

An example was XBI. Even as I was accumulating it, I traded and made money off of LABD. The key difference was that XBI was a tape fighting strategy that I was willing to rack up losses for - and I stated it ahead of time. In the end both positions made good money. This is what you can't fathom b/c you are not that way.

And yes, you are cherry picking. I never told people to buy BFLY now. The article did. I've also posted articles where the author thought it was too risky/overpriced. Personally I've told people, as if it needs saying, that investing in microcaps is high risk/high rewards.

BTW, do still see INTC in my performance posts? No? I wonder why. That was a tape fighting strategy that I closed. If/when INTC hits low 20s, you're going to dig up my earlier posts and say that I must have held to a losing position.

But yes, BFLY has a chance to be much bigger than they are. Or they may go belly up (much less likely). But either way, I follow the trend unless I think it will snap back.

See this: this was my portfolio performance in October.
Why don't you show us yours. No need to nitpick at each stocks.

BTW, you should look up where many of those stocks are now. Follow a simple rule - cut losses and let profits run.



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