If the market wants to go up, it can find all sorts of reasons to go up
Likewise for the downside.
Trade the direction presented to you, not what you think
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Successful investing is about managing risk, not avoiding it. DYODD
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elyaloy :
cmarkboy : After reading so much about ‘pump-and-dump’ price actions, it is quite eye-opening to see it happen in real time once again.
Managed to ride the downtrend to below $306 from near the peak price with an ITM Buy Put option at $314 during my paper trading, along with an OTM Buy Call at the same strike price as some insurance.
This strategy worked well tonight.
70620572 cmarkboy: it's pump and dump and pump!!!!!
cmarkboy 70620572: Yeah, the price upswing and downswing is pretty unbelievable.
70620572 cmarkboy: and later it might be dumping again into another pump who knows