Interesting how we can call people ‘retards’ without getting our...

Interesting how we can call people ‘retards’ without getting our posts taken down. Must be r/asx_bets.

Saying the market will retrace after such a big rise is typically right, however in some cases it can also be wrong. If you stick to this philosophy and waited for a retrace you’d miss out on A LOT of opportunities. RSI in my opinion is a generally useless tool as it doesn’t take into account sentiment.

Full disclosure - I would love a retrace, I’m trying to get in too, but I’m not going to put my sentiments as sell and downramp a stock purely because of that. I’ll give it a couple or hours this morning to figure out what it’s doing to do then I’ll be buying in.