The LCLP rocket is still on its way to 0.1

Just sayin...
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This is the post I was thinking of:

The price has dropped 50% since then.
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It's all part of their manipulation, I mean retail investors still own the float. The buy to sell ratio has been 2-1. If people hold then we're good if they start selling then it will change things but right now nobody is selling really.
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MRNA and NVAX are keeping me atop the ledge today. They're saving investor lives.

Well, NVDA as well, but I can't twist that into a lifesaving metaphor.
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DRNG going crazy now too...
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Bailed out of virtually all my stocks Friday. Things have been feeling strange lately between inflation, the weird housing market, and Covid still not being over. Feeling okay about it today.
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I knew I should’ve gone to straight cash last week.

I’m afraid to even look at my account.
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I think you may have misunderstood. What this person was almost certainly referring to is the fact that the Fed targets core inflation (actually core PCE which is a bit different from core CPI primarily due to the way it treats at housing costs and medical expenses) and that those core measures exclude food and energy. The rationale is that they’re volatile and subject to supply/demand factors that the Fed can’t easily control and that short term disruptions usually revert.

Classic (error) case is the ECB who targets headline inflation (HICP) and they hiked into the housing crisis in 2008 because energy was spiking. This was not a welcome decision.
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I must've missed the post where you warned the rest of us. You know, warned us so that we wouldn't get wiped out while you were climbing into your warm lifeboat.
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But on a real note, I wasn't keen on being responsible for other folks' portfolio based on what my gut is telling me. If I have learned anything about trading, it's that basic environmental observations have made me a lot of money as opposed to raw numbers. Also, the residential eviction moratorium ends in July. Not keen on seeing how that will impact the markets with my money in it.
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I’m still one of the only ones who posts shit while they do it. I was 90% cash by Thursday and 100% cash by Friday close. Still trying to show this thread you actually need to follow a system of guidelines.

https://www.chiefsplanet.com/BB/show...ostcount=10659
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Traders using a system actually like these small pullbacks. Stocks will consolidate recent gains, trend sideways to extend tighter bases and provide better technical entries on trades.
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I may be bagholding a few stocks for a while but I will continue to average down and my patience will pay off in the long run. Same thing happened last year when the market tanked, I averaged down more and more then ended up +74% overall at one point. And yes I'm posting/telling myself this for my own sanity.
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The problem with this strategy is that it works, until it doesn’t. No one can time when the market won’t bounce back quickly. Why not take steps to protect that 74% gain? What happens if this pullback turns into a significant correction or a bear market? Your averaged down positions continue to tank and that 74% gains you made evaporate quickly in losing positions. Take a look now at how far down you are from the 74% high. I bet it’s a lot? Don’t ruin your hard work!
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If a bear market happens, yes I'm fucked. Otherwise I'll be fine...I hope. I can't really complain too much though, I still have a LOT more in my portfolios than I've put in. Once AMC goes parabolic I'll laugh at months like this.
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