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It wouldn't have the volatility of course without the meme traders, but the meme traders leave a foot print. ;)

I don't use stop losses so not a problem for me. The use of stop losses as risk management is droned into retail to turn them into defacto bank machines for the "smart money".

Totally wrong. The Chart is showing past behavior which in turn will show you the future behavior.

The chart was forecasting a retrace to $47 long before any screenshots. It's basically the chicken and the egg thing. Did the news act as a catalyst for the chart? Or did the chart act as a catalyst for the news? I believe in the latter. :)

? I don't bother changing to USD at all now. I used to do the Norbit Gambit to save on the exchange.

No I'm using the new desktop platform. I came from TOS and imo IBKR desktop is superior. As a broker IBKR also has the lowest exchange rate when trading US stocks with Cad cash...I don't even bother doing the norbit gambit...

Is nobody going to mention how perfectly I played this??? Somebody quote this for @TheDawn in case he blocked me. :)

The TA was showing $47 as the potential retracement over a week ago when I got in...just another example of the chart forecasting future news that would facilitate the expected move. :)

I closed pre-market @ 43.40...we'll see how much I left on the table as this could go to the .618 fib ($47.21) but I'm not waiting around to see. :) Somebody did well!

:)

I think it's more a reading comprehension problem. By walk away I mean I'll just forget about the position as in stop managing it. I have been down huge for over a year before recovering and making my profits. It's the weekend...all traders get bored on weekends. :)

Provide an example? Been there. "The market can stay irrational longer than you can stay solvent." means nothing to me. I will simply walk away if things get bad and wait it out. The thing is you never get the bottom so EVERY position you enter into will go against you. Especially if you...

The proper way to protect downside is to average down. I would rather have 100k across 20 possible 10 baggers and have a few go bankrupt rather than waste time delta hedging all my future profits away. You see the difference between me and 99% of traders, and the reason I am driving a (2008)...

If you are afraid of a bk then you are over-sizing...and taking on more risk than you can assess. Yes if you are delta hedging all of your trades or whatever then you are managing your own incompetence. All it does is deplete potential profits by reducing potential losses.

Why are you guys obsessed with how much profits you are giving up all the time? I don't buy anything that doesn't have 10x potential, and I don't use stops. It's either profits or bk. Those are the two possible outcomes. $450 would be a drop in the bucket to hedge a 10k position for 6 months...

It's $450 for 6 months lol. You think I'm trading GME to make 10%? I think in terms of 10 baggers not 10%...thus the (2008) Lambo :)

I thought we already came to this conclusion. If puts are so cheap then clearly the market doesn't think bankruptcy by October is possible...at this time I don't see any reason to hedge.

https://www.investopedia.com/terms/p/protective-put.asp#:~:text=A protective put is a,a fee, called a premium. I already posted my position lol. ?? And again, you are still not understanding what is being discussed. If I thought GME was going bankrupt then why am I not selling my shares and...

I don't think you understand what is being discussed. I have a long stock position that has a book value of 10k. If GME goes bk then I lose the whole 10k. So I was looking into hedging by buying OCT18 $7 strike puts for .30. The cost of buying 15 contracts is $450. Should GME not go bk by then...

No idea...just in it for the premium. They do have a Z score of 4.18 according to my sheets. It's clearly a meme stock and would never have gotten to these levels based on their business. I would put them in the same category as Blockbusters, and those all disappeared as we know because they...