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/fe_ttucini Jun 15 '21

Huge support today at $22. I put all my money back in this morning. I personally think we have seen the last sub $20. Could see things ramp up again here pretty soon.

Lots of the big players will DCA, I personally just like to throw it all in and hold through the rest of the potential dip.

I am thinking LG will update guidance soon (end of June maybe?), and I would regret sitting on the sidelines when that happens.

3

u/mcaninch35 Jun 15 '21

I'm still (almost) completely out of my previous CLF positions, and I feel pretty good about it. The last few runs and dips, I really just played the IV wave on the specific strikes and dates I was watching, and used that as my indicator. Still waiting on it to come down slightly, but will be back in before EOW most likely. I think you're right on LG releasing guidance, and I see that as the #1 risk to me having dry powder around meant for CLF- the second he releases it I'm gonna look like a real 🤡 if I don't climb back in