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CEI Pennystock Anlysis Camber Energy, Inc. is an independent oil and natural gas company. It engages in the acquisition, development and sale of crude oil and natural gas from various known productive geological formations. I believe the company is being undervalued trading currently at $0.5707 per share. I have bought 16 shares for an average EPS at $0.625. Let's see how it goes! Constructive criticism welcome. Reasons I am bullish: $MACD Blue over Red cross $Undervalued stock $Momentum is beautiful $Nice overall trading volume Hoping for over a dollar but we all know how that goes
CShort
by Mitakayo
Epistemology of Technical AnalysisHow does the reliability of technical analysis relate to our understanding of it as a total population? Epistemology is a branch of philosophy that examines the nature of knowledge -- its presuppositions and foundations, and its extent and validity. The word epistemology is derived from the ancient Greek epistēmē, meaning "knowledge", and the suffix -logia, meaning "logical discourse." Epistemologists study the nature, origin, and scope of knowledge. Simply stated, epistemology is "meaning-making." Epistemology presupposes metaphysics. People tend to think of psychology as being the foundation for technical analysis , often without realizing that psychology arises out of, or is a subset of, philosophy. In other words, psychology is "a posteriori" to philosophy. Historically, psychology arose in order to include the empirical method when examining the metaphysical questions posed by philosophy. It has since brought various topics of study to the field of psychology, such as sensation, perception, intelligence, and memory. At first glance, the relationship between philosophy and psychology seems to have a dualistic nature, and is reciprocal: Modern-day science believes that the "phyisical" (psychology) -- a brain -- creates the metaphyisical, and that the metaphysical (philosophy) -- a thought -- allows us to understand the physical. Phillosophers argue, however, that "no account of knowledge can proceed without assuming that we already have some sample or example of it, or of the way the world works;" If we already know something, then we already have some insight into reality. Similarly, no account of trading analytics can proceed successfully, according to presupposed rules, without some concensus to those rules. My definition of technical analysis: A concensual set of rules for how to react to market stimuli. We can call TA a language, and it has rules akin to any other language. When we communicate through language, we operate by utilizing a concensual set of rules by which to respond to vocal stimuli. If two people try to communicate an idea to each other via divergent languages, the efficacy of communication is vastly diminished; consequently, if the market is being influenced by people who both DO know and DO NOT know technical analysis, the reliablity of our predictions for market trends is also vastly diminished. I would argue that the implications of this are stronger this market cycle than ever before, due to the exponential rise in new traders unfamiliar with technical analysis , and that this offset in reliability is proportional to the total trading volume they supply to the market. At the same rate, "whales" who hold the largest crypto bags are likely to be the most familiar with TA, or have those working for them who are adept at TA, and therefore have a significant oppositional influence to those people aforementioned. It makes you wonder how many people have given their economic stimuli to the power elite already bankrolling with their COVID-era monopolies. Stay safe out there. This is the most risky moment in the history of crypto for those of us with very little we can afford to lose.
BINANCE:BTCUSDEducation
by UnknownUnicorn17277390
A trading system for rookiesThere are many trading systems but most of them are very complicated for the novice trader. The 30d/200d SMA trading system is simple, easy to comprehend and gives few and reliable signals without many false signals. The trader has to draw the daily diagram of the stock. Next they have to install three simple moving averages of prices, the 30d SMA, the 200d SMA and optionally the 9d SMA (to track the price formations). Price movement below 200d SMA most of the times signals the change of the stock’s long term trend to declining and this is the reason we must never buy a stock below 200d SMA. Correspondingly, price movement below 30d SMA most of the times signals the change of the stock’s midterm trend to declining and this is the reason why a new trader must never buy a stock below 30d SMA. Following these two rules, a new trader can avoid getting trapped in a declining trend that can diminish their capital. New traders are unaware of the risk of holding a stock with a downward trend. They are carried away by the excitement and hope of its prices returning to the levels they bought it and do not sell it. So, when they now have a loss of 70-90% in the capital they invested, they are seized by panic and sell the share at humiliating levels, losing their money. This is also the main reason that the 90-90-90 rule applies, i.e. 90% of new traders lose 90% of their capital within 90 days. The second important reason is that they follow the very short-term trend of the share that gives repeatedly false entry/exit signals, so they do too many transactions that lead them to big losses. Only very experienced traders can successfully track the short-term trend of a share (minutes, hours). My opinion is that a new trader should follow the 30d/ 200d SMA trading system, which applies in the daily stock diagram, and leads them to a small number of transactions with minimum risk. In fact, this system, if firmly followed, may lead them to big gains. Later when a rookie trader gets experience, they can use the same trading system for shorter timeframes i.e. in stock diagrams of 1 hour, 30 minutes, 15 minutes and so on, timeframes. A complete list of guidelines for the novice trader is presented next. I am sure that following these guidelines, a novice trader can beat the 90-90-90 rule.
NYSE:HSBCEducation
by Gnothisafton
10
Gut Felling in trading. How long it takes to " feel" the market?I hear many traders talking about gut feeling, especially when referring to very good traders. I hear them saying that you will, at some point, feel what the market will do next. Many explain it as a sixth sense or cannot it explain it at all. I say to them the explanation behind is a much simpler one. Gut feeling in trading, most of the cases, is nothing else but subconscious pattern recognition. There is nothing magic here, it is simply related to how the human brain works in day to day life. The trader looks at his screen for thousands of hours. Every day, he tries to analyze the price movements, while the brain stores the information in an abstract way into neural maps. Millions of neurons fire and wire together and create complex memory banks which include associated emotional responses. Day after day after day, these memory banks are reinforced and restructured until the neural maps are hardwired. This process is all subconscious. The part which is even more interesting is the way the human brain retrieves the needed information stored in those complex neural maps. This mechanism is also done subconsciously and this is why many label it as “gut feeling”. So, when a trader instantaneously “feels”, in an apparently strange way, what he should do when he sees a particular market event, his brain has subconsciously identified a store pattern. You may ask yourself: So what? What difference does it make knowing this? I say it makes. When you understand how your brain works you should also realize that you have at your disposal an extraordinary working instrument, but this will not guarantee your success by itself. Those neural maps need quality data. Programmers are accounted with the saying “garbage in garbage out”. It’s the same with the human brain. If you don’t put the true intellectual effort in your day to day market observations, if you don’t approach what you see from multiple angles, if you don’t analyze your own emotional reactions, then your neural maps will be built on superficial data. You will only reinforce all sorts of ineffective pattern recognition processes, no matter how long you stare at the screens. By contrast, if you do it right, your “gut feeling” will evolve and become very valuable. Evolving as a trader is not only a function of how much time you spend trying. What really matters is what you are really doing and how you are doing it. This explains why so many traders cannot become profitable even after years of trying. They are caught in inefficient and superficial ways of looking at the market. So many retail traders rely exclusively on technical patterns. They don’t understand what really moves the markets and how those patterns are formed. They spend years and years switching from a technical indicator to another, without realizing they are unconsciously accumulating only superficial data. Some realize the trap … most don’t
OANDA:XAUUSDEducation
by Mihai_Iacob
7