Here we have US Dollars and kissing fibs. We're well below the .236 "bull fib", so it's very early days. Lots of risk and reward down here. The ticker is not truly bullish until it breaches the .236 fib, and then you look for the .618 bull fib, or some other barrier such as a descending linear overhead at $2. Volume has not even begun to enter, until we're above the .236 bull fib. Volume enters, but risk and reward are both reduced in kind. So, it depends on how much risk you like in regards to how far from the .5 bull fib you like to trade. I choose the .236 to the .618 as the most assured path with the shortest time, and acceptable risk. Risk has everything to do with time horizon. If you have more time, you can take more risk. So, here I am with plenty of time, getting my 5 million shares on lockdown well below the .236 bull fib - a very high-risk play.
over 90% of my FT position is in long term cap gains. I bought all the way down to $0.017US. Yes, less than two US pennies. I bought the dip. What did you do, complain?
over 90% of my FT position is in long term cap gains. I bought all the way down to $0.017US. Yes, less than two US pennies. I bought the dip. What did you do, complain?
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