The short squeeze is not over. I bought in at $100 but we’re heading back towards $21 where it sat before the kafuffle with @wallstreetbets. MacD is struggling to maintain its upward curve. When it crosses I may add to my buy-in this pair however I have other fish to fry at the moment.
@wallstreetbets is pretty quiet on the subject at the moment apart from this post. Sadly, despite rumours, Elon Musk was more interested in Bitcoin and didn’t get involved in $GME so we wait with bated breath. In the long term, I think $GME will be fine but it will be a long term gain.
Will I join a @wallstreetbets rally again? I’m not sure. A lot of inexperienced traders got hurt. But that happens all the time. They just need to hold not to give up. Stocks, shares and crypto are a long term plan. If you get a fast move, sure you can profit and use your trailing stops, get out and buy-in again at the bottom.
I’m excited by what @wallstreetbets achieved but we need to follow through with it.
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