Retail
Retail idiots paying rounds of drinks, but expect regulations...There are ways to make a lot of money with controlled risk with wti futures (very limited if done right but don't try if you aren't very knowledgeable in this area), but who is paying for all of this free money?
Altruistic retail investors of course!
A few weeks ago there was a massive influx of retail money into Oil long ETFs.
USO holds I heard about 1 third (!) of open interest for the front month (all long).
I think they were part of the reason why May went to minus 40 (they had to rollover).
There is still a huge contango between June & July, and as every one knows retail NEVER sells.
Their warcry is "You don't loose if you don't sell", therefore this situation can last a while until the ETF collapses completely, or the SEC/CFTC/FINRA shuts it down.
There are opportunities to make money, for example with the big contango, as well as potentially when this mega whale rollsover their contract, or when they * joy cry * have to liquidate all assets (imagine the shock to Oil futures!).
I heard people say that many of their friends are calling them all excited to speak about buying Oil, and they bought this garbage ETF.
The thing is these reptilian brains for some reason think they are buying spot Oil, or maybe even physical, they have NO CLUE what they are buying.
They're buying contracts for a specific month. And creating a big problem. And are going to get decimated.
I don't know if they are buying because of some random indicator or because they think Oil is cheap or because they are simply programmed to go against trends the more strong they are the more they go against...
The ETF is losing more than Oil.
LOOK AT THIS:
The ETF since its creation goes down more than Oil and goes up less. These cretins are bleeding money constantly and happily buying more and more.
Why do they have to be so enthusiastic about negative sum games? Bitcoin that produces nothing and burns money via exchange & miner fees, this....
Stupid things can last a long time, but I have a hunch this won't last much longer, we are in the capitulation period, huge exponential influx of dumb money, on Robinhood alone 165,000 holders. As traders pile on the opportunity the huge gap will lessen and it won't be as easy to profit from.
It's only interesting because the gap is so enormous.
From the FT:
And the gap right now is 33% for only a 1 month difference (was 43% hours earlier maybe it's over very soon).
If the difference in price becomes too small there probably will be the chance to go short around the expiration date for june, and short when the ETF has to liquidate, and there probably will be more other scams like this. Millions of hurray shouting retail investors are doing all sorts of dumb stuff and ignoring advice and all this money they will lose, billions and billions, has to go somewhere, might as well end in our pockets.
We also have russia & the saudis on our side, they're so going to run us companies out of business.
When they realise they got fleeced, they'll cry, and it will be a sensitive subject, and the useless regulators might strike again.
If it's just a few hundred thousand buffons getting scammed it might not be big enough for regulators to make big changes, hopefully.
But with the internet, the much lower costs, the way investing all your money in anything got made so easy, more and more of this will happen, and at some point some big rules will be put in place, and not just warnings (like those help, they keep repeating so often it's irritating "wow watch out this is very risky make sure you understand bla bla bla"), perhaps even a complete interdiction to participate in markets for retail... It would be a shame for the next generations, I don't worry for myself by then I certainly will be able to just take the professional status, but what about new people with potential?
Perhaps markets are better off without all those casino regulars.
Will keep an eye open and extract as much as I can from their pockets. WTI is going to be insane I think until they get completely wiped out.
How do you can having negative remorse? The opposite? Because that's what I have for taking advantage of the situation.
Talk about a wealth transfer...
CNBC has an article on this, lmao they are calling those investors "retail tourists" I'm dying xd
If those people have so much money to lose and don't care what they buy, can I have some of it? Just send it directly to me...
www.cnbc.com
(They got a crude awakening hohoho)
Go figure...
Hey I just created a family business tracker, tracks the price of my poops and farts.
Poop price is dirt cheap, down 99%! And farts price went up.
Quick warn the retail investors! They don't want to miss this opportunity.
Biggest mistakes theory in practice.The biggest mistakes and biggest reasons why traders lose keep being repeated. It is more clear when we can see it actually happen.
Here we can see the number of holders as well as the increasing money pour in into an Oil ETF while the price is going down.
When it will go up those that didn't hang themselves will break even so remind me to check robintrack.
United States Oil Fund number of Holders on Robinhood went parabolic as Oil prices plunged
robintrack.net
Nosediving right now.
Trading was halted for this fund
www.streetinsider.com
> Stop fighting fundamentals & trends because "it's cheap" or "some indicator"
> Stop averaging in losers
> Cut your losses
You can be sure that when they get lucky and get out in the green (and rapidely take minuscule profits) you'll hear from them, and when they get wiped out on huge losers you'll never hear that story.
Burl multi-year run may be coming to an endLong track record of increasing revenue but not positioned for the economy we are heading into. Here are some reasons why:
1) No online presence. Discontinued online store last year. Speculating here but I imagine it would be hard to manage the inventory of an online store based on the wide variety of items they have which are constantly changing.
1a) Lost customers to online shopping. Downtrend on google trends ever since the economy shut down. How many people will forget about them by the time stores reopen? Also, how many people will still have money to shop?
2) Strapped for cash. Looks like they will have to raise money to pay the rents on all their brick and mortar locations.
Broke straight through multi-year support. Might retest but I doubt it will go up much more from here, especially if the economy remains closed longer. Earnings early June.
Let me know in the comments how I could be wrong on this.
WalmartStock Symbol: WMT
Out of all the blue chips, walmart looks the strongest.
Good old Wally world holding up like a champion.
Diversify and use 5% stoploss
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- Major League Trader
GUESS Key Level Broken| Bearish Retest| Volume Climax Evening Traders,
Today’s technical analysis will be on GUESS, breaking major structural support and confirming a bearish retest,
Points to consider,
- Bear Trend (consecutive lower highs)
- Structural support breached
- Confirmed S/R Flip
- RSI oversold
- Stochastics in lower regions
- Volume climax evident
GUESS has been in an established bear trend with consecutive lower highs, a new local low has been confirmed with its recent wick down.
Weekly structural support has been breached; this is a high timeframe support, broken with convincing volume with a confirmed bearish retest. Bulls were not able to break above the now resistance – confirming the S/R flip.
RSI is currently oversold; a reversion back to neutral territory is highly probable. The stochastics on the other hand is in the lower regions, can stay trading here for an extended period of time, however lots of stored momentum to the
upside.
Volume climax is evident, signalling a temporary bottom is in; however this is likely to change due to the confirmed S/R flip.
Overall, in my opinion, Guess is likely to test lower lows upon breaking key structural support. This is also combined with the greater economic situation; the retail sector is largely hit.
What are your thoughts?
Please leave a like and comment,
And remember,
“Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
Target Clings to Support, With Gap Looming BelowTarget reported decent earnings this week, but not a lot of buyers showed up. Now traders may want to watch for a potential breakdown with the big-box retailer near a key price zone.
TGT gapped from $86 to $100 last August on signs that its big digital push had paid off. It followed that with another strong quarterly report on November 20.
Since then, however, things haven't been so hot. TGT peaked around $130 a week before Christmas. It then announced in mid-January that the key holiday-shopping season missed estimates. The shares gapped down, bounced feebly and then continued lower to a potentially important level around $105.
This zone could be crucial because it's near the 200-day simple moving average (SMA) and the price area shortly after the August gap.
The recent price action is also potentially bearish because TGT tried to rally after earnings three days ago, but hit resistance around the old $111 support area from January 31.
Relative strength has been poor over the course of 2020, with TGT trending lower even as the S&P 500 hit new highs in January and February. It also faces potential risk from the spread of coronavirus.
Still, there isn't confirmation yet. Traders shopping for downside in TGT may want to wait for a close below the 200-day SMA.
Stonks: Where to buyRemember when I said a few months 80% retail traders were short DJI & SPX? Well they kept hodling to their losers, and probably adding to them.
Well... this week shorts have dropped by 30 to 40% and now there are more longs. They held onto losers forever, and then exited the very WEEK the price went down!
Breakeven bagholders. The typical really dumb bad speculating that every article & book on trading talks about, and the majority does "oh noes I don't want to take a loss I rather bagHODL a giant loser for 6 months and risk losing everything for a shot at breaking even", and when it goes their way "quick quick I have to lock profit because this is what you do, when it goes your way, you take profit" (??????).
Going to keep going down as more retail turn long?
If the price would fall as low as described in the following screenshots, I would buy there on the SnP & DJI:
Not if it trends down... If it capitulates very rapidely there.
If we got there by early april as SARS V2 The return of the CORONAVIRUS disappears, now that would be perfect.
Can't tell for other indices, gets too complicated for me.
I'd use a stop of about just 5%, and if it gets hit I would look for another chance to buy.
Goes up from there well I wait for the trend and hold for a while.
I hope we get to see some real panic, some FEAR.
I want to see sweat & fear out there :) Would be perfect.
If CNBC calls for a mega bear market then you know it's time to buy :)
Oh btw, an ABC very extended C would be perfect:
Point of the story is these slow hesitant "disbelief" trends are very weak and drop way faster than it took them to go up.
Always have to be the first to exit. I don't like fighting the drop until 100% retrace.
And the opposite is:
Go up fast go down slow, go up slow go down fast. Always the same story (well not always not what I mean).
The bounce will probably be fast at first, then a disbelief slow trend up.
Like this:
Will Dollar Tree pickup volume to break Fibo resistances?Dollar Tree has been in a downward spiral for quite some time... Huge (down) gap after Earnings... Coronavirus might hurt its Supply-chain short-term... but if volume picks up and it breaks the Fibo line, it might rebound and try to close the gap left behind. What do you think?
Violent IntrigueI was short for a while and missed the second and more recent drop... but I actually like this retail giant at this price/valuation/cap ($36mm... that is free). I like that it dropped back to its stagnant price of 2019, but did not break lower. Under a dollar will start to scare me... I see no reason not to use this stock as hail mary money and risk what you are willing to lose. I am hopeful for the return of the generic trend up, which would be 200-300% from the current price.
**no position, intentions to buy.