ask warren buffett (ie. the greatest "investor" in the world) if its rational to adjust an investment when it is overvalued or undervalued.
ie. buy and sell based on fluctuations in the value of the original investment.
this idea that it no longer is "investing" once a trade is made is asinine, in my opinion.
im not a day trader, im not a pump and dumper.
ive never sold completely out of my SGLB position in ~5 years.
however, i have adjusted my investment based on fluctuations in the market value of Sglb and taken profit on several occasions.
any reasonable investor adjusts their holdings based on the market value versus the real value.
to be forced to hold a +100% gain for the sake of "investing" is ridiculous. any investor can adjust their holdings whenever they like.
and saying $2 is coming since October, missing out on multiple runs for over 100% is nothing to be proud of.
thats one of the reasons i never make calls, or advise others on buy and sell prices like others do.
the value of calling something, includes the ability to correctly call the timing in which it is going to happen.
that's why a weatherman who can correctly determine the approximate time in which it is going to rain, is more valuable than a random person looking at a dark cloud and saying i bet its gunna rain.
in this scenario, the good weatherman made 120k in a ~6 months, and the idiotic raincloud watchers did absolutely nothing of value.
this strange idea that predicting something will happen with no timeframe, and also "predicting" a retracement from an over 100% run is not impressive.
very easy patterns, and not impressive to "call" that they will happen, especially with no time frame provided, in my opinion.
i bet the sun comes up tomorrow.
omg im right. told ya so xD
about as laughable as someone calling 2 as the pps rose to 3, retraced, then rose to $4, retraced then back to $5.
uneducated calls for $2 the entire run for about half a year in which over +100% gains were being taken by more intelligent investors with a proper timeframe and understanding of the market value.
uninformed calls for $2 thru that entire time while the pps rose time and time again.
now trying to stand back and say i told ya so
after being wrong and missing out on the opportunity to tens of thousands of dollars or more.
easy 100% gains time and time again
bagholding losses for the opposing ideas.
but, to each their own... we've seen the data on which investing technique works, and what doesn't.
thanks for the data.
Sigma inside
do DD
glta
