We are introducing a new featured called “Ask Caesar” where I, the legendary Alpha Ape Caesar37 answers, your questions about the market. This is the first edition.
If you want to ask your questions, join our newsletter because I only answer questions from subscribers. So let’s kick it off:
I bought about $20K of Palantir (PLTR) at an average of $13.01.
What do you think?
Am I crazy or it’s a good move?
I’m going to be brutally honest with you.
You are f*cking crazy… if you don’t have an exit plan.
Look at this chart of Palantir (PLTR):
The stock went from $45 to $13. In the past couple of months, it went from $20 to $13.
So let’s use some common frigging sense.
If a stock can go from $20 to $13 in a couple months, it can go to $12. And $11. And $10. And so on. And so on.
So let’s talk about exit plans.
You need a stop on a crazy stock like this because you never know where it can go.
In a bear market, it could easily go to $5.
And in a bull market, it could go to $30.
The bull scenario is easy. Any idiot can handle that.
But if it breaks down, are you ready to lose $15,000 of your $20,000?
So make your exit plan now in case the sh*t hits the fan.
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