There's forecast demand. "Much lower"
El_duderino said:
It missed on both I thought. Not sure on guidance though
Heineken-Ashi said:
Just a heads up to you renewed bulls. This has been my base expectation for IWM. Today questioned it a little and I had to adjust the channel. Notice the mid channel line being used as support and resistance. Until resistance is taken out, I'm still expecting this. Not saying I'm going to be right, but just showing you what the bear path for another move down might look like. And with the 10yr hitting support today, VXX and VIX failing into support zones, today and tomorrow's earnings coupled with economic data could be very relevant and critical to determining what's next.
POWL reports next weekBaylorSpineGuy said:
Not terribly surprised TSLA is rallying. Horribly oversold. Also doubt it's a long term bottom.
I'm of the opinion that it bottoms when Cathie Wood gives up. Every stock she capitulates on eventually rallies hard. Will wait patiently. If this was the bottom, so be it.
We haven't even hit a recession yet.
You were supposed to remind me doc.BaylorSpineGuy said:
I almost nibbled at 122 but never did. Didn't see your follow up post. Anyway….shame on me. It's up massively in that time.
I'm in SNOW higher than that and not worried about it at all. POWL, ARM, SMCI, NVDA, PANW have all been my recent buys. I used the Israel retaliatory strike against Iran selloff to re-deploy cash that I've been building to buy great stocks on sale because of panic.BaylorSpineGuy said:
I broke my own rule and added on a position I'm down on but I increased my shares of SNOW at 147 yesterday. It formed an RDR yesterday and had follow through today so hoping for a rally for several days.
Quote:
I broke my own rule and added on a position I'm down on
EliteZags said:Quote:
I broke my own rule and added on a position I'm down on
weird rule
EliteZags said:
I'd be at 4 figure loss on PLTR instead of 6 figure gain
It's actually one of the most basic rules traders should learn early on. If they don't, their career will be very short.EliteZags said:Quote:
I broke my own rule and added on a position I'm down on
weird rule
I also added some as well and I suspect that their earnings and forward guidance will be above expectations. We will find out soon enough.BaylorSpineGuy said:EliteZags said:
I'd be at 4 figure loss on PLTR instead of 6 figure gain
To be fair, that stock showed a reversal and has made a series of higher highs. Adding to SNOW where I did, it had made lower highs and lows. Certainly not a risk free strategy.
Please don't ever put WWR and SNOW in the same zip code doc.BaylorSpineGuy said:
People have averaged down on WWR for a long ways. It's 40 cents now.
We are the only ones who know how many McInnis is.ProgN said:McInnis 03 said:That would be the @Texags stock forum.
— Charles F11 (@charlesf11) April 23, 2024
😂 https://t.co/l6gp2Z0EB3
Ok fam, we'll need a secret handshake for OGs if invaded by Twits because our secret is out.
I'd be willing to bet that he doesn't even know.spud1910 said:We are the only ones who know how many McInnis is.ProgN said:McInnis 03 said:That would be the @Texags stock forum.
— Charles F11 (@charlesf11) April 23, 2024
😂 https://t.co/l6gp2Z0EB3
Ok fam, we'll need a secret handshake for OGs if invaded by Twits because our secret is out.
Good point!ProgN said:I'd be willing to be that he doesn't even know.spud1910 said:We are the only ones who know how many McInnis is.ProgN said:McInnis 03 said:That would be the @Texags stock forum.
— Charles F11 (@charlesf11) April 23, 2024
😂 https://t.co/l6gp2Z0EB3
Ok fam, we'll need a secret handshake for OGs if invaded by Twits because our secret is out.
GreasenUSA said:It's actually one of the most basic rules traders should learn early on. If they don't, their career will be very short.EliteZags said:Quote:
I broke my own rule and added on a position I'm down on
weird rule
Averaging can work out 9 times out of 10, but that 10th time will likely wipe out all other gains.
Note: I'm not talking about long term investing in index funds or retirement accounts.
McInnis 03 said:
There are 03 of us
Agree with all that.ProgN said:GreasenUSA said:It's actually one of the most basic rules traders should learn early on. If they don't, their career will be very short.EliteZags said:Quote:
I broke my own rule and added on a position I'm down on
weird rule
Averaging can work out 9 times out of 10, but that 10th time will likely wipe out all other gains.
Note: I'm not talking about long term investing in index funds or retirement accounts.
I'm going to offer a different perspective based on experience and not directed towards you but something to consider and will benefit everyone.
The mistake that people make whether trading or LT investing is lumping all stocks into the same category. What if you (everyone here) did that with NVDA 2 years ago when it was crushed? The same with NFLX a couple of years ago when it was crushed and went from $700 to below $200 in under 6 months? You have to evaluate each company separately. Are they still profitable, adding customers, market leaders in their industry, fund favorites, etc. or is their business based on what ifs (WWR)?
I've already posted I bought into the hype of WWR with 2000 shrs @$6, but I've never bought more. I believed in someone that was high on GOCO and I luckily cut my loss WAY higher than riding that turd down the toilet and never thought to average down. I pray SAVA's drug is proven to help Alzheimer's patients because I've experienced that insidious disease personally and the toll it takes on a family, but I've never bought more. Those type of company's future is based on hope and a maybe. SNOW is not one of those and I suspect they intentionally setup the stock for this first earnings report with the new CEO at the helm. No one can prove it, but I've seen companies do similar things. We'll find out very soon.
Tl;dr: Evaluate each stock on it's own merits. The market is fluid, so you can't be rigid or you'll miss opportunities to capitalize on others mistakes.
JMO
GreasenUSA said:Agree with all that.ProgN said:GreasenUSA said:It's actually one of the most basic rules traders should learn early on. If they don't, their career will be very short.EliteZags said:Quote:
I broke my own rule and added on a position I'm down on
weird rule
Averaging can work out 9 times out of 10, but that 10th time will likely wipe out all other gains.
Note: I'm not talking about long term investing in index funds or retirement accounts.
I'm going to offer a different perspective based on experience and not directed towards you but something to consider and will benefit everyone.
The mistake that people make whether trading or LT investing is lumping all stocks into the same category. What if you (everyone here) did that with NVDA 2 years ago when it was crushed? The same with NFLX a couple of years ago when it was crushed and went from $700 to below $200 in under 6 months? You have to evaluate each company separately. Are they still profitable, adding customers, market leaders in their industry, fund favorites, etc. or is their business based on what ifs (WWR)?
I've already posted I bought into the hype of WWR with 2000 shrs @$6, but I've never bought more. I believed in someone that was high on GOCO and I luckily cut my loss WAY higher than riding that turd down the toilet and never thought to average down. I pray SAVA's drug is proven to help Alzheimer's patients because I've experienced that insidious disease personally and the toll it takes on a family, but I've never bought more. Those type of company's future is based on hope and a maybe. SNOW is not one of those and I suspect they intentionally setup the stock for this first earnings report with the new CEO at the helm. No one can prove it, but I've seen companies do similar things. We'll find out very soon.
Tl;dr: Evaluate each stock on it's own merits. The market is fluid, so you can't be rigid or you'll miss opportunities to capitalize on others mistakes.
JMO
Just trying to specify with regard to day trading and even most swing trading. It was something I had to overcome years ago to get to today where trading is my primary source of income.
ETA: The poster called it a "weird rule", and from my point of view, it's a vital rule. But it's easy to forget that everyone posting here has different objectives for trading, including time frames. I considered this to be a day trading thread at its heart, but at this point, longer time frames seem to be a more often discussed topic.
Yep, I see you posting that sentiment a lot.ProgN said:
I make an occasional day trade here and there if I see a ripe setup, but I'm a momentum trader at my core so my timeframes differ. I don't post my day trades because I'm hyper aggressive and those will usually be in options. If I lose on the trade I just call myself a dumbass, but I don't want to be the reason anyone here blows up their account because they put too much trust in me. Honestly, I'd feel their pain and I'm just too old for that *****
GreasenUSA said:Yep, I see you posting that sentiment a lot.ProgN said:
I make an occasional day trade here and there if I see a ripe setup, but I'm a momentum trader at my core so my timeframes differ. I don't post my day trades because I'm hyper aggressive and those will usually be in options. If I lose on the trade I just call myself a dumbass, but I don't want to be the reason anyone here blows up their account because they put too much trust in me. Honestly, I'd feel their pain and I'm just too old for that *****
I have a very systematic approach that I need to eventually code as much as possible. It's boring, and not compatible with posting trades here. I try to help out around the edges when I can on this thread. So that tends to be whenever I can provide any psychological-type insight, usually.
ETA: You have to cut wrong trades. No one GAF about your pride, so take the little "L" before you really hurt your account.
ProgN said:GreasenUSA said:It's actually one of the most basic rules traders should learn early on. If they don't, their career will be very short.EliteZags said:Quote:
I broke my own rule and added on a position I'm down on
weird rule
Averaging can work out 9 times out of 10, but that 10th time will likely wipe out all other gains.
Note: I'm not talking about long term investing in index funds or retirement accounts.
I'm going to offer a different perspective based on experience and not directed towards you but something to consider and will benefit everyone.
The mistake that people make whether trading or LT investing is lumping all stocks into the same category. What if you (everyone here) did that with NVDA 2 years ago when it was crushed? The same with NFLX a couple of years ago when it was crushed and went from $700 to below $200 in under 6 months? You have to evaluate each company separately. Are they still profitable, adding customers, market leaders in their industry, fund favorites, etc. or is their business based on what ifs (WWR)?
I've already posted I bought into the hype of WWR with 2000 shrs @$6, but I've never bought more. I believed in someone that was high on GOCO and I luckily cut my loss WAY higher than riding that turd down the toilet and never thought to average down. I pray SAVA's drug is proven to help Alzheimer's patients because I've experienced that insidious disease personally and the toll it takes on a family, but I've never bought more. Those type of company's future is based on hope and a maybe. SNOW is not one of those and I suspect they intentionally setup the stock for this first earnings report with the new CEO at the helm. No one can prove it, but I've seen companies do similar things. We'll find out very soon.
Tl;dr: Evaluate each stock on it's own merits. The market is fluid, so you can't be rigid or you'll miss opportunities to capitalize on others mistakes.
JMO
Heineken-Ashi said:
And I hope you got out of PLTR sometime over the last month
Never Monday morning quarterback what ifs of stocks. Everyone remembers the winners, but they forget about the 100s that went bankrupt. What really irritates me is when someone pops in here (not regulars or even lurkers) during huge corrections and pontificate about buy and hold is the best way to grow wealth.Quote:
Imagine buying MSFT in 2000. It was profitable EVERY quarter of the 2000s (I believe) and yet it did not make another new ATH until 2013. That's a long time to wait to be made whole.
Now of course it made a series of higher highs on the way to a new ATH. But that's not the same as a WWR that eats dog $ hit every new quarter and some of these stinkers we have followed.