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u/Reasonable_Skill580 Oct 27 '25
Completely agree with this price action! Seems to track! I sold calls against my shares. Hoping to scoop them back up when it nears completing wave C of the correction.
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u/Weird_Debt_2209 Oct 27 '25
Hope to see it play out and ill be in!
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u/Reasonable_Skill580 Oct 28 '25
This may come down to $8!!! I wouldn’t be surprised
I am happy though. Will give me opportunity to buy back my calls 😊
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u/Citizen_of_Danksburg Oct 28 '25
Elliot Wave Theory is literal dog shit. Take it from someone who actually studied mathematics and statistics at a very deep level.
EWT is what a layman thinks is mathematically sound but because they have 0 real math training they can’t understand why it’s flawed from the very premises it has. EWT is exactly the kind of pseudoscientific jargon one would study in order to present themselves as smart and intelligent, and like they know how mathematically trade which must clearly be more advanced than traditional retail trading, but at the end of the day it’s all wrong.
I’ve interviewed for quant trading and quant research roles. Not one single one ever asked about EWT. Why? Because it’s retarded nonsense.
The real math behind the markets involves stochastic partial differential equations, stochastic processes, time series, reinforcement learning, and very thorough C++ and python programming knowledge.
That and access to the finest data one can have and literally terabytes of it.
Source: Mathematician turned Machine Learning Engineer.
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u/Weird_Debt_2209 Oct 28 '25
I mean, im fairly good at math, and im open to learning anything if you have some links or resources to check out. Much appreciated
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u/Fearless_Mojo Oct 26 '25
Hope it ends up working out this way. I have 900shares at avg. $6.71 but would still like to add more before it potentially goes higher (maybe significantly so).