Who wouldve thought yrs ago that would enter a bear market (20% off the highs) that corresponds to a price of about $2000.
To add insult to injury, even if we selloff another 50%, we'd still only be at $1000
i love ur fucking volatility
#godsGiftToOptionTraders
This is how far we still are from pre-corona crash levels. The splits dont do the chart justice. Not to mention we need a -30% haircut just to BREAK EVEN at feb levels.
And lastly, 's "bear market" level is now around 287. let that sink in for a moment. ~287 is the new BEAR MARKET level. a price area that was literally "all time highs" just over a year ago, is now our "bear market" level. Just to give you an idea of how extended we are.
So now u see what I mean by "be patient" & "dont get biased" on the short side. there is SO MUCH FUCKING ROOM to the downside that if u get stuck short early u're just a moron. WAIT for that massive neg catalyst before committing size. when the time comes, it'll be biblical
Reason I keep putting this out there is b/c everytime we get a pullback I get a 100 questions on if it's time to load up on puts. Everyone is afraid of missing the top. and my point is, how can u have fomo when there's SO much room to go? let others test the bear trap first.
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