Wedge Pops Are Just an Infinite Redraw Scam
How is it not obvious to everyone that the only reason wedge pops work is because they keep redrawing the lines?
Forget that they’re always drawn in retrospect, but if you have to redraw a line 14 times for it to work, is that really an edge?
How Gurus Take Advantage of Beginners
Social media is flooded with self-proclaimed gurus proudly showcasing perfect wedge breakouts, positioning themselves as expert pattern recognizers.
When a wedge works, they celebrate their pattern recognition skills. They’ll say something like “beautiful wedge breakout, I nailed it again!”
When it fails, they don’t post anything and redraw the lines.
You cannot lose this game. You simply keep redrawing the lines until you have something to post:
Version 1:
That didn’t work, the wedge failed two times. Let me redraw.
Version 2:
New lines drawn. The wedge “holds,” but no explosive move, just sideways chop. The stock refuses to crash, but it doesn’t deliver the promised upside either. Redraw again.
Version 3:
Still not post-worthy. Keep redrawing until something clickable emerges.
NBA Highlight Effect
This creates what I call an NBA highlight effect. You’ll watch highlights of a player draining a few buckets but then when you look at the stat sheet, they went 7 for 28.
It’s the same for wedge pops, the pattern appears to work because you only see the successes. You don’t see the trader who spotted 28 wedges last month and got chopped up on 25 of them.
The Funniest Tell
The most revealing moment is when a guru suddenly realizes their “wedge” isn’t even a wedge anymore. It’s something else.
What was a wedge last week is now A head and shoulders pattern.
Your Homework
For every wedge line that’s posted on social media, it’s not hard to see where the old lines would have been.
Find wedges that are posted online and redraw the prior versions of those lines.