I posted a solid bear rant on the new car thread. I've kept that one bottled up for a while.
You don’t trade for money, you trade for freedom.
Stock Markets
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Last: 2 hrs ago by HoustonAg_2009
$30,000 Millionaire said:
Pricey. $300/month
Yeah, I'm not even looking at it but am soaking up as much of her strategy and advice that I can.
Its like reading Carter again. Though she has a few indicators and setups she's got notoriety for.
McInnis 03 said:$30,000 Millionaire said:
Pricey. $300/month
Yeah, I'm not even looking at it but am soaking up as much of her strategy and advice that I can.
Its like reading Carter again. Though she has a few indicators and setups she's got notoriety for.
What are they? Most indicators are backwards looking and are only useful for scanning against. In my opinion the only things that really matter are the setup, where the price is relative to the mean, and volume.
You don’t trade for money, you trade for freedom.
I love the people that practically crap themselves over things like VWAP and RSI. Literally every trader looks at those. They're better than the buy the news traders, though.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:McInnis 03 said:$30,000 Millionaire said:
Pricey. $300/month
Yeah, I'm not even looking at it but am soaking up as much of her strategy and advice that I can.
Its like reading Carter again. Though she has a few indicators and setups she's got notoriety for.
What are they? Most indicators are backwards looking and are only useful for scanning against. In my opinion the only things that really matter are the setup, where the price is relative to the mean, and volume.
One seems to be the "Holy grail" setup.....combines say a 5 minute chart, an adx over thirty, and a 20sma touch
https://www.tradingsetupsreview.com/the-holy-grail-trading-setup/
Her 3-10 oscillator is pretty well known (it's a macd 3,10,16)
I'm still digging to get more juice from this fruit.....
$30,000 Millionaire said:
I posted a solid bear rant on the new car thread. I've kept that one bottled up for a while.
I was amazed, and I consider myself quite bearish too. Well done.
You might like this thread for some good ol confirmation bias
1/x After Nasdaq's death in Feb/Mar, SPX/Dow continued their march just like I predicted. Now these indices are in their terminal meltup mode. In a month or two SPX will likely join Naz. Could be from much higher levels. 2 important lifetime pivots ahead
— xTrends (@xtrends) May 8, 2021
Yes. I would like to confirm my bias.
I'll say this. In my mind, There's no chance we don't have a correction before 2024.
I'm worried it will be similar to what 30k predicted. Many of my friends and many many wealthy people are already setting their businesses up in friendly foreign countries.
This does not end well. AI is probably the only place we disagree but the effect will be the same.
But I too will be buying up stocks. And riding the rocket down.
I'll say this. In my mind, There's no chance we don't have a correction before 2024.
I'm worried it will be similar to what 30k predicted. Many of my friends and many many wealthy people are already setting their businesses up in friendly foreign countries.
This does not end well. AI is probably the only place we disagree but the effect will be the same.
But I too will be buying up stocks. And riding the rocket down.
X trends is almost as bearish as Sven. I stopped subscribing to Sven's newsletter because it was too similar to how I thought about things.
You don’t trade for money, you trade for freedom.
To your point, there are so many potential catalysts. I can't get over the moral hazard where it's more profitable to be on government benefits than to work. That ain't right.
You don’t trade for money, you trade for freedom.
I'm laughing my ass off watching DOGE here.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
I'm laughing my ass off watching DOGE here.
its still up like 650% in the last month
sts7049 said:$30,000 Millionaire said:
I'm laughing my ass off watching DOGE here.
its still up like 650% in the last month
I am still up 5,300% from my $450 joke of an "investment" from last summer
Although waking up this morning was a kick to the balls
$30,000 Millionaire said:
I'm laughing my ass off watching DOGE here.
That's a brutal introduction to "sell the news"
Yes it was. Wonder when the sell the news event will be for my cummies. (Kidding, I don't own them... yet)
My small cap investments certainly felt a correction. Heck, my CPOAX fund run by Morgan Stanley is down nearly 30%.
They're selling doge and buying cardano
Morning all. Happy Mother's Day to any mother's that follow the thread and hope the rest of y'all have a great day with family.
Mostly Foggy Recollection
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Happy Mother's Day to your bride and to the rest on TA.
Mostly Foggy Recollection
Joined:
Oct 5, 2020
Posts:
7,768
How long do you want to ignore this user?
I was asking myself a similar question to this.
I think it's the former, but it may affect the new retail investor in terms of rotation into legit projects.
Made my first Cardano purchase this week.
I also did a deep dive on IBM (relevant to this thread) and where their current Blockchain investments are up to it's close to a Billion from what I read. I invested some more into them and their VAI project.
https://vaiot.ai/
Man, you could see the DOGE dump coming from a mile away, but humans are gluttons for punishment. "It will be different this time"
Did $DOGE bring more newbie money in that might not have necessarily entered the #crypto market.
— €ｕｒｏＳｎｉｐｅｒ (@TheEuroSniper) May 9, 2021
Or did it just suck the life out more legit projects?
I think it's the former, but it may affect the new retail investor in terms of rotation into legit projects.
Made my first Cardano purchase this week.
I also did a deep dive on IBM (relevant to this thread) and where their current Blockchain investments are up to it's close to a Billion from what I read. I invested some more into them and their VAI project.
https://vaiot.ai/
Man, you could see the DOGE dump coming from a mile away, but humans are gluttons for punishment. "It will be different this time"
Not often I see my last name posted. Apparently I need to do some research to see what the relation is. Ha
agdaddy04 said:
Not often I see my last name posted. Apparently I need to do some research to see what the relation is. Ha
Cardano is the next generation of etherium, or at least that's what they want you to believe
https://www.cnbc.com/2021/05/09/spacex-accepts-dogecoin-payment-for-doge-1-mission-to-the-moon.html$30,000 Millionaire said:
I'm laughing my ass off watching DOGE here.
Quote:
Elon Musk's SpaceX will launch the "DOGE-1 Mission to the Moon" in the first quarter of 2022, with the company accepting the meme-inspired cryptocurrency as full payment for the lunar payload.
Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, which SpaceX's communications team confirmed in an email to reporters. The mission's financial value was not disclosed.
DOGE-1 will fly a 40 kilogram cube satellite as a payload on a Falcon 9 rocket, with Geometric Energy Corporation saying its payload "will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems."
SpaceX vice president of commercial sales Tom Ochinero said in a statement that DOGE-1 "will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce."
"We're excited to launch DOGE-1 to the Moon!" Ochinero said
Gotta keep the pump going.
FJ43 said:
Great to print out, save PDF images, read periodically, etc. of Ripster's 25 Trading Tips.
Might even help some to use these to evaluate their own process against what he says.#tradingtips 25 rules of trading.
— Ripster (@ripster47) September 24, 2020
All New followers/Newbies
Please read complete thread below, will answer lot of your questions
👇 https://t.co/pvsrnjGV1K
Trying to establish my Plan A trading plan for tomorrow. My approach to start the week will be to continue to scalp SPY at support/resistance lines. I will also scalp some options in FAANG and others as setups work out.
I am riding 5/14 420Ps into the morning carrying over from Friday late buy.
My thoughts are and wish is ....
- We rejected right at my long-term trend line (red).
- I think we will back test at least with a flash 419.15ish range at some point. Convergence of support/resistance line with mid-term upward trend line (yellow). Lose that and...
- 418.26ish would be MT between Thursday and Friday time frame. Lose that....
- 417.63 I think will be key to not lose. If we do....
- Should we lose 416.34ish which has been a major line for me trading and I think this momentum up is lost for May.
- Would love to see some degree of back test then consolidation above 420 and continuation above 422.82
What's up with AMD? Is this a reflection of the microchip problems? All four EMA are converging around $80 with AMD closing below the 200 all of last week. Going to be an interesting week or two for this one.
A fearful society is a compliant society. That's why Democrats and criminals prefer their victims to be unarmed. Gun Control is not about guns, it's about control.
The 30day EMA / MOD-RSI shows this stock consistently hitting 70 trans line on the way up. It's not there yet - so if it is consistent (ha!) it should continue to go up a bit.
QQQs
Now that I dig into it I think I may work on weekly calls/puts for Qs as well. Qs will be key this week and could be a lot of fun. PSA - These are often quick trades and not for everyone.
These are levels as I see them anyway. Weeklies for me I am often in and out of rather quick and don't tend to hold. I would rather make more smaller winning trades than risk turning a winner to loser. Often you can sell and buy back lower than your sell price at pivots. If not the momentum is really going.
- Lose the descending trendline (which is also the 21EMA) probably an easy quick put play for 332,330 or 326s.
- Back test and continuation up for me it would be 336 or 340 calls calls which it has to get through 336.84ish and not reject that IMO.
4 Hour Chart View
$30,000 Millionaire said:McInnis 03 said:$30,000 Millionaire said:
Pricey. $300/month
Yeah, I'm not even looking at it but am soaking up as much of her strategy and advice that I can.
Its like reading Carter again. Though she has a few indicators and setups she's got notoriety for.
What are they? Most indicators are backwards looking and are only useful for scanning against. In my opinion the only things that really matter are the setup, where the price is relative to the mean, and volume.
Just found this gem. Pretty thorough write-up on things she looks at. There is a LOT there.
https://lindaraschke.net/faq/
$CMI/ Cummins
on watch
broke thru a 4 touch trendline Friday
good earnings recently w/ positive outlook
on watch
broke thru a 4 touch trendline Friday
good earnings recently w/ positive outlook
Morning all....
- Mixed futures around with ES slightly green and NQ slightly red.
- VIX rising slightly from Friday's close at 17.45
- SKEW is high at 145.76
- SPY has a little room to 426 if it wants to hit +3 ATR though.
- Qs, tech on watch for me to hold the downtrend breakout. Feels weak to me.
Not that we shouldn't always be but think flexibility is my theme for today and this week. Be flexible to switch game plans as the market determines, trade the trend and try to refrain from going upstream from the money flow.
My goal to improve on this week is to have less patience for losers and exit trades quickly that have gone against me. Can always buy back in once confirmed as its not a sin to do so.
Read an article with the math paper losses are 2X more likely to become reality than not when a trade has gone against you.
Trade wisely and don't be this guy this week....
Looks pretty good to me. Rejected past 2 days at $267 and looks to be some decent resistance there.jimmo said:
$CMI/ Cummins
on watch
broke thru a 4 touch trendline Friday
good earnings recently w/ positive outlook
IMO if breaks that resistance should have room to $274 then high of $277+.
Mining and materials types seem to have some pop to them early PM.
VALE at $23.58 up 6.79%
X at $28,74 up 3.2%
I guess Redler Twitter is still down? Haven't seen anything from him in awhile.
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