WR1 General Discussion, page-16867

So what happened this week?.

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I know every week someone steps up to bash me, so I won't be surprised if there is someone again, but I am hoping not.

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Last week we finished at 206,. Started strongly on Monday, 224 reached with finish on 209. Downhill from there. 209, 199, 187, 177, 168.5. There is a pattern. Was it a p & d, we will never know but probability is not bad.

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So what happened and why? Last few weeks Li stocks not doing well. ALB, SQM, LAC, etc average loss 20 to 30 %. WR1 rose that number. It was an aberration to me.

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Last week I wrote I sold at 211, for some to bash me with traders etc, as if that is a taboo. I have been playing WR1 for last one and a half years, it has been very good to me. Never had to sell for a loss

Of course the stock was going up, so it was not difficult to be on the right side

But as I have written many times, WR1 is very volatile, 10 to 15 % in day, 20 to 30% in short period is normal. So I have learnt to play it that way. Hence I sold last week as I was playing zone to zone.

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So have I bought back? Not yet. 161 is key for me. Or a higher reversal

Or a Li sector sentiment change where most stocks start going higher. Till then I wait. For long termers, it's another blip in the long game, and just to ride the highs and lows

I wait. I wish we reverse from here. All the best.