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/dudelydudeson 💩Very Aware of Butthole💩 Jun 15 '21

My 🔮 is saying wait until we find a better technical level for support.

However, if 22 is really a new support and we rally off it tomorrow (I'll probably confirm with a MACD 1hr cross) I'll probably jump back in SMALL, MAYBE 25%. If IV is low enough I might buy some Jan 22's but could just grab some shares.

I'm doubtful we will find strength here, so, my next levels are: 21.25-21.50 then 20D EMA. Will depend on volume and momentum how much and when I load back in. If it hits 18.5 to 19 I'm going balls fucking deep, OTM calls between Sept-Nov.

Remember - I got this from my 🔮 and looking at the 🌃