...a sobering thought for lithium hodlers who are making it worse for themselves trying to average down on a losing position.
...lithium stocks are going lower not because of shorters, it is because of the reasons why the shorters are shorting.
...lithium stock trend is telling you something but you'd rather think the market is wrong and has misjudged. You are not looking at valuations vs. outlook, you are fixated that EV is here to stay so lithium price would rise (which I think is not the case, see my earlier posts).
The moment you realise that trying to lower your average on your losing positions is infinitely worse than adding to your winners, is the moment you separate yourself from the masses. https://x.com/TheLongInvest/status/1809654946159292687
