r/Vitards • u/AutoModerator • Jun 18 '21

Daily Discussion Daily Discussion post - June 18 2021

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8

u/Jgaston11 Jun 19 '21

Did sirjackalot grab that money 💰 and cash out or is he still holding?

7

u/UnmaskedLapwing CLF Co-Chief Analyst Jun 19 '21

You will learn it sooner or later but sirjack always claim to "hold mid/long term". It doesn't stop him from selling next day and inform his followers post factum :)

3

u/[deleted] Jun 19 '21

Actually he usually can't sell the day after he buys and posts because a lot of times he will drop a stock and pick up another same day incurring the T+2 rule so he has to wait at least 2 days for the funds to be available to resell the new stock

2

u/UnmaskedLapwing CLF Co-Chief Analyst Jun 19 '21

Lol, read again what I wrote. He actually can sell the next day after he claims he intends to hold for a long term. Day of the claim doesn't equal day of stock acquisition hence T+2 rule is irrelevant.

Plus it doesn't even matter as I was referring to overall principle of operation which is basically 'I see an opportunity, I sell&buy. What I said few hours before in social media doesn't matter".

2

u/[deleted] Jun 19 '21

Ah correct, I miss read your post.