/biz/ - Business & Finance

>>23840205
i just wish people would look at a chart, bro...
i mean, there's still always the potential you get something like NIO that can sustain the meme for a couple of days, but even that's starting to drop after it hit its head on 45. the point still remains that volatility is a mean-reverting phenomenon and price generally doesn't stay outside of the 200 hour 10x keltner channel for very long before dropping back inside of it. which is also why i generally prefer to use it to go long, not short, because i don't mind DCA'ing into a long position but i'd be super afraid of trying to average up a short because the downside is infinite especially for a good or meme company.