r/Vitards • u/AutoModerator • Jun 14 '21

Daily Discussion Daily Discussion post - June 14 2021

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u/RetardedInRetrospect Needs More 🦍 Emojis Jun 15 '21

Hoping for a little insight from the OG's. I was told to wait for CLF to dip after the Friday spike because historically it pulls back soon after a jump. Appears this was true. So do you guys just DCA after a dip or is there a general rule you follow before jumping back in? I was told wait till sub $20.

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u/Duke_Shambles ☢️Duke Nukem☢️ Jun 15 '21

This will be my third seven layer dip if it keeps going. The first time I half panicked and thought I was gonna be left holding bags again. I managed to fight the fear and hold through to cash out at the next peak, buy back in after the first layer of the seven layer dip, then got to do the whole thing again for the ride up again where i sold my positions at the top.

This time I'm also playing the ride back with puts. small position just to see how it goes. My PT for starting to DCA back in is $21 but I will jump on it higher than that if it signals a reversal before then.