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$IMMR $UMC $QQQ $TQQQ $SMH $XLK
You can only get rich, by multiplying, your money, and the market’s money.
You buy two shares of stock for $5 each, total of $10, the stock doubles, you’ve got $20. Now, you sell one share for $10.
You have just made back your original investment and you still own one share of stock—a freebie.
The market has subsidized your free ride.
"Common Sense Investing"
WHY ARE YOU INVESTING IN THE STOCK MARKET?
Is it to support a company, or to support yourself?
IT'S HARD TO DO BOTH.
Investing is a mindset.
Do you want to buy stocks or make money?
0.2% Loss
11/7/2017 RSI 82.49 Close 63.66 IV 13.62%
12/1/2017 RSI 44.48 Close 63.51 IV 18.7%
9.8% Loss
01/22/2018 RSI 79.92 Close 68.76 IV 17.46%
02/07/2018 RSI 32.39 Close 62.01 IV 32.93%
10.3% Loss
04/23/2019 RSI 79.73 Close 78.75 IV 17.71%
05/01/2019 RSI 33.32 Close 70.63 IV 29.74%
27.04% Loss
01/22/2020 RSI 80.19 Close 97.89 IV 18.06%
03/23/2020 RSI 35.23 Close 71.42 IV 62.36%
09/01/2020 RSI 82.48 Close 125.91 IV 34.75%
All Cases Moved down to 2 standard deviations below the 50 day SMA before bottoming. Given the ETF breadth that puts a target of around 100$ on XLK.