timothysykes

Uglyyyyy action, glad to be on the sidelines waiting fro better setups

charlykingher
charlykingher Mar 22, 23 5:03 PM

That is a good idea. Overtrading is not good because there is a law that clearly states that only 5% to 10% of all trades really do become exceptional and profitable. This means, the rest of the uncessary excessive trades are risky and can tilt a trader.

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gustavo_v
gustavo_v Mar 22, 23 6:05 PM

All the best, Charly. FRC has posted dramatic swings in the last few days (between -60% to +30% daily), it's at all-time lows and you're going to short around $150k-$300k. If you don't mind me asking, what's your plan?

charlykingher
charlykingher Mar 22, 23 6:46 PM

@gvivanco Yeah, I am done with shorts.. FRC is a solid bank. Other banks are lending hands to help FRC because it is a solid bank. Also, if government lets FRC fail then think about consequences of all smaller banks and its impact on businesses, economy, people, and country. The goverment will never commit suicide and kill the country. Besides this, although neutral, some analyst projected FRC super nova to be in mid 50s.

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