GME - At the End Game...Again.GME heading towards the end of the multi-month bullish pennant.
Printing a pair of spring candles on the daily in the last two trading days as it refuses to go down!
Catching a trend line that goes back pre mini MOASS. BB width staying nice and low - getting even lower.
Wave structure appears to want a bit more down but I think it wraps up quickly as bulls appear to be in control.
With macro sentiment turning bearish over evergrande will the GME baby go out with the bath water? Based upon the OBV and those two recent spring candles it doesn't look like it.
Tick Tock.
Not financial advice.
GME
ALL UPTRENDS + BULL PENDANTAny DD at this point would be a waste of time as you all mostly know by now the stock is being manipulated heavily by naked shorts. That being said were just looking at the chart for a time and price estimate. As you can see most of the uptrends are all looking in the same direction. Theyre all looking at around the $500 + price mark at around the end of October or beginning of December. To me this seems reasonable. It may correlate well with banks needing 1 trillion by the first of October. To me the worst case scenarios is it dipping slightly before launching. As always, I do this for fun and make a pretty decent living out of it but I am not an advisor. I DO NOT TRADE this stock, I ONLY BUY AND HODL. Most of the stock market is risky for me at the moment and I feel GME is a safe haven for my funds.
Thats all. have a nice day!
God Bless
GME headed to test 230s?See my earlier idea on GME post-earnings
Looks like we have a nice support around 200. I have added to my position at these levels
Based on fib numbers, if it can break 211 this week will be looking for a move to test the 230-232 resistance area
Not financial advice, just my take on where I see the upside
Follow for more!
GME - HUGE Bullish Pennant BreakoutGME daily chart looking more bullish each day. Potentially breaking out of a multi month huge bullish pennant as it sits atop the 50-day MA.
GME indicators are bullish, Aroon 25 saying more up, RSI bouncing off and staying above 50.
Chart harmonics and narrowing BBs in multiple timeframes also appear to be supporting move up soon.
Based upon past spikes above the top of the regression channel price predictions are presented for a bullish break out of the pennant. Could test previous highs or higher hitting outer fibs. See Chart.
Not financial advice.
Win Big and Lose Small storyAugust 2021, was one of the best months for me.
While Major indexes (NASDAQ, S&P 500, Dow Jones, Russell 2000) gained between 1.5-4 %, I had 8 analyses with a 10-73% gain in one month, those which hit stop loss made 1- 4% loss..!
I also trade BABA option twice and close them with +180 and 100% profits..! and had 2 unsuccessfull trade with -30% loss
(use 3% of my capital for each trade)
I publish this review to talk about one of the most important habits(strategies) in trading.
Novice Trader Story:
Season 1: In the middle of a bullish market, FOMO: Fear of Missing Out
Episode 1: Before Trading Journey Started
Many people and friends share their experience of making profits trading cryptos and stocks on their social media, why should not I give it a try???
Episode 2: Trading Journey Started
Opening the trading account, installing the app, transferring the money, and the gate of a multi-trillion dollars world are open now!
Episode 3: Pushing the first buy button
Welcome to the journey of trading, a journey full of adrenaline for novice traders!
Episode 4: Making the first profit
It feels like I am the wolf of wall street!
Those who entered the market after March 20, 2020, think making money in the market is the easiest thing in the world.
From a statistical point of view, it is very unlikely to made loss between March 2020 and February 2021.
Episode 5: Market become less inefficient
In a trended market (inefficient market) most tickers are positive on most of the trading days..! so making money is more probable than loosing it even for novice traders!
Problems start when corrections start, novice traders start changing their positions to find the bullish tickers that gave them the same good feeling.
They do not know market behaves in cyclical patterns and they experience multiple corrections by chasing for the best bullish movees.
Episode 6: Fear of Loss
after a couple of bad experiences, they decide to cash out the profits as soon as they see any, no matter how little it is..!
Episode 7: Vicious Cycle
Novice traders now experience the killing phenomenon of losing big in the hope of making reversals and wining small in fear of losing their small profits.
Episode 8: blowing up the trading account
There is not much left to lose!
After the trading account becomes smaller and smaller, it is time to go all-in. Usually, it does not work..!
Episode 9: what should I do now
Novice trader is now addicted to trading and can not stop trading, so decides to recharge the account..!
Episode 10: start over
Novice Trader 1: Keep doing the same thing over and over again, the same result over and over again (majority)
Novice Trader 2: Start learning about the market (reading books, courses) and keep trading, better results but making lots of mistakes because of not having a fully defined strategy.
Novice Trader 3: Stop trading and back to normal life, an insightful decision for many people if they make it..!
Novice Trader 4: Stop trading, start learning, and promise themselves not to start trading unless they have a fully defined strategy with good backtesting results. (less than 5% of all people)
Nash Equilibrium:
What Is Nash Equilibrium?
Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there is no incentive to deviate from the initial strategy. More specifically, the Nash equilibrium is a concept of game theory where the optimal outcome of a game is one where no player has an incentive to deviate from their chosen strategy after considering an opponent's choice.
Overall, an individual can receive no incremental benefit from changing actions, assuming other players remain constant in their strategies. A game may have multiple Nash equilibria or none at all.(Investopedia)
What Is a Zero-Sum Game?
Zero-sum is a situation in game theory in which one person’s gain is equivalent to another’s loss, so the net change in wealth or benefit is zero. A zero-sum game may have as few as two players or as many as millions of participants. In financial markets, options and futures are examples of zero-sum games, excluding transaction costs. For every person who gains on a contract, there is a counter-party who loses.(Investopedia)
Conclusion :
Traders can make decisions and hurt themselves if they deviate from their main strategy based on Nash Equilibrium.
Most Important Question any trader should ask her/himself:
What is my strategy to make money in the market?
How I can make it better???
Refrence:
1- UPST:
2- AFRM;
3-ROOT:
4- PLTR:
5-AMC:
6- COIN:
7- GME:
8- BABA:
9- SPRT:
BTC - IB announces new Crypto PlatformAbout all we can add at this point is the 41350 Level had better HODL.
Any significant Dip-In with Memes and Coins is going to end in tears for
this retracement.
Institutions are inching down Cryptos in a very managed decline.
It has an ordor of forced panic to it, we shall see.
Meme's are being fileted as Oddessy took the brunt of Citadels squeeze
and Call Piggies are back, there is however some heavy Put buying in AMC,
GME and all the new additions to the WSB's pool of pump a la dump.
Funds predating on Funds... never a good sign.
BBIG SVIT have given way to CCIG... Options with high IB's are typically
idiocy - that said, WSB's has the full on Pump for CCIG.
Difficult to tell how the rotations within will actually make money, but it
is an indication, patience is wearing thin with GME and AMC.
Bankrupting the HOOD is an end goal... Vlad will continue to seek $ from
an order flow which is now coming under even closer scrutiny.
SEC wants to make an example, they have their Target - Degenerate Gamblers.
We continue to add AMC PUTs as well, GME.
Cup and handle!!! AGAIN???This looks awfully much like a cup and handle to me and it is also well supported by the volume parameters for a true cup and handle.
However I've also learned from GME that cups and handles, more often than not, does not come to fruition, I suspect mainly due to manipulation.
Yet I'm still bullish and holding, Hopefully, with all the new rules in place, this time is different.
Not advice, do your own DD.
GME WEEKLY , End of the downtrend?For comments to this chart, please look for r/Superstonk on Reddit.
When Media tells you "where to find information" they just directing you where they want you to go.
WallStreetBets » 10 Million Followers - AT the time of writing: 24k Followers Online.
SuperStonk » 600k Followers - At the time of writing: 46k Followers Online.
Holding 95% of my position forever, for the infinite pool. 5% I will sell, pos-MOASS.
Well done GameStop for 25% growth on Sales, f*** what MSM has to say.
GME 1-hour chart = BullishTough sell off post earnings but GME had a greet recovering and closed green on volume!
Prime indicators all turning up/looking good on the 1 hour chart.
MACD , Stoch and RSI primed/supporting higher prices. Price is battling center line of the regression channel - just needs to break through...
Based upon harmonics - prediction is significant price move will occur soon.
Not financial advice.