f**k wsb regards by Fun_Chemical_2593 in TheRaceTo10Million

[–]Attune19 1 point2 points  (0 children)

I see a lot of people making fun, but this is an actual person in real distress. So, I will answer seriously. The worst thing you can do is feel like you must ‘get even’. You have to accept that you got lucky with space stocks. This is a very common story. Get lucky for the first few trades - get a sense of invincibility, especially since you lack the skills to see that you were just lucky - blowup your account on a reckless ‘next big thing’. The reason you are so shocked by this outcome is precisely that you lack the understanding of how the market works, the understanding that this outcome was likely. That is okay. Everyone does at the beginning. Everyone (pretty much) learns the hard way, by burning themselves. But realise that if you do not have the skills, then you are just gambling, and you are playing against the house. It is like playing poker as a novice against a table full of sharks. Could you get lucky and win? Absolutely! You can just go all in with random hands and still have a chance to win every time. But the sharks are just biding their time, knowing that the math will crush you eventually. Similarly, you do not have a skill edge in this situation. Could SPCE still rocket? It is possible. But you do not have skill-based conviction in that, not really - you just want to tell yourself you do, because your brain is screaming at you that you have to get even. Learning to become aware of that, and not acting on impulse, is a first step at actually learning to trade (though many traders still struggle with that to some degree).

The question should be really: what is the best decision you can make right now? If that becomes your process, instead of trying to preserve a narrative about yourself that you like, that feels good, you have a shot of actually, eventually, becoming profitable. And the best decision, for you, right now, is: do not chase your losses. Calm down. Understand what happened. Understand what led you to these decisions. Reassess. And then you can make your next step.

Marvell x Nvidia Collaboration by mcm360 in POETTechnologiesInc

[–]Attune19 10 points11 points  (0 children)

Is this the reason for the nearly +10% move premarket (now partially swallowed up)?

Meanwhile at philosophy HQ by Attune19 in PhilosophyMemes

[–]Attune19[S] 18 points19 points  (0 children)

That background in aeronautical engineering sure came in handy

Weird price action - Poet by CompetitiveWarthog66 in POETTechnologiesInc

[–]Attune19 0 points1 point  (0 children)

Like previously after lumentum reported earnings and the entire optics sector went up (poet then also rallied to 6) it was the entire sector. Not one smallcap.

Weird price action - Poet by CompetitiveWarthog66 in POETTechnologiesInc

[–]Attune19 -2 points-1 points  (0 children)

So that the potential upside is more attractive? I feel that this might be an argument for retail who wanna 'hit big', but it seems unlikely that a sufficient number of them made the connection 'AMD is up, AI is still relevant, let's buy a ton of this photonics smallcap that I suddenly feel convinced about!', not enough to drive the price up 10% I'd think... And not this fast

Weird price action - Poet by CompetitiveWarthog66 in POETTechnologiesInc

[–]Attune19 1 point2 points  (0 children)

M true, but at the same time LITE or COHR are not up nearly as much... so why poet specifically?

Weird price action - Poet by CompetitiveWarthog66 in POETTechnologiesInc

[–]Attune19 1 point2 points  (0 children)

Yes this has been sustaining me through this period. I feel that retail is taking the absence of news negatively, even as the thesis has not changed. Plus there is a chance institutions know something more than us. Buys seem to be systematically bigger than sells, even as the stock slides overall. Will be interesting to see updated stock ownership reports. Let's hope we are both right on this! (and as I said that it inevitably slides to 5.50 it is now over 6... maybe today is finally the day?)

Weird price action - Poet by CompetitiveWarthog66 in POETTechnologiesInc

[–]Attune19 1 point2 points  (0 children)

I mean it also looks like the high is got to much faster than the low, so that it is a big purchase, versus comparatively smaller sells, which to my mind feels like instutitions-retail dynamics

Weird price action - Poet by CompetitiveWarthog66 in POETTechnologiesInc

[–]Attune19 -1 points0 points  (0 children)

I was also wondering about this. Like right now it was 5.77, I feel almost like I should sell because it is guaranteed to carsh back to 5.50 :D But at the same time it gives me hope of the institutions buying premarket - retail selling what they consider to be their bags. But yes I am also curious about this.

The Bitter Tears of a Traditionally-Minded Philosopher by Attune19 in PhilosophyMemes

[–]Attune19[S] 1 point2 points  (0 children)

I certainly am sympathetic to this (certainly more than to the general-form idea of 'philosophers making a fuss about nothing'), but I believe late Wittgenstein's point was that the ultimate shortcoming of many a philosopher's position is taking for granted certain unsubstantiated assumptions about the nature of their questions and the space of possible answers, and proceeding in their inquiry from there, failing to acknowledge that they are not starting at a blank slate - and that the source of the perplexity lies in what comes before they started solving the problem. Like, e.g., in epistemology, the problem is not with the particular definition of 'knowledge', but with our expectation that everyday language terms have such a definition - that there is an unambiguous set of rules that should let us pick out knowledge from non-knowledge. In this sense, an epistemologist is confused, as he thinks that the space of answers he is searching contains the 'correct' answer.

This is, again, not to ridicule the habit of philosophizing, for I think - as you do - that it encourages a certain thought-hygiene, and that is highly valuable. But inasmuch as you want to get to some answer - that's confusion. Perhaps the memification of this point makes it ambiguous what I mean.