re: Diving deeper on Standard Lithium?

shite--I logged on to buy a few shares, and the price kept falling while I was setting the order parameters. Started at $7.16 and was down to $7.04 before I could confirm. Waited a minute and now it's $6.91.

Guess I'll wait at this point. I still figure anything in the $7 range is a good deal long term. It was just weird seeing the price falling constantly while I was trying to buy.

You know how they halt trading when you're doing really well in a meme stock?

Why do they not halt trading when you're losing 30% a day on 10x volume?

Got a big order waiting at 6.75

If your scared bounce out then I’ll roll with what I’ve been told

I have multiple holdings down 30% today.

Rough day.

I was trying to temper expectations last couple of weeks. I saw a lot of people going balls deep in this stock at $10-12 that seemed to be saying things that made me very alarmed for them.

I've been there before. Early on in investing, it just seems like a no brainer to follow momentum and make all short term plays. Problem is in small caps, if you are buying on a parabolic move up, you are already too late in most cases. I lost my arse in 2017-2018 chasing cannabis stocks; learned my lesson.

That thought process only works when the market is going up with reckless abandon, like when everyone is making money no matter what you do. You could throw darts and beat indexes since last march. You develop extremely unhealthy bad habits during those times.

Hopefully this makes better investors of all of us. I've been doing this since 2010, and I still don't know shite I feel like sometimes.

One thing I do know, is don't let fomo get you. There will be another opportunity tomorrow, and the next day and the next day. You simply can't be on every fun bus ride.

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Back in the $6 range is fricken wild.

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No doubt. I thought I was doing good to buy a couple thousand shares at $7.10. I hit refresh a few minutes later to see if the order had filled and it was already down to $6.84.

Set your buy limits low if you're out bargain hunting!

Where is this volume coming from? This has to be big money shorting the stock. This isn't retail volume.

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Got a big order waiting at $6.75.

Yes they do

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If it breaks $6.75 it's rolling into the $5s. Hold your money for $6.00 at least.

Back to $7’s bitches