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RIOT

A review on Wall Street Bets' Plays of the day!In this analysis, I review the most important Support and resistance levels of the top mentioned Wall Street Bets tickers! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! I think most of you know their plays I too risky and chasing is not recommended! Rank 1-6: and my prediction for Today:(this is only valid for today, may need an update soon!) Rank 7-12: and my prediction for Today:(this is only valid for today, may need an update soon!) Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:PYPLLong
by Moshkelgosha
5
ROKU - STRONG CONFLUENCE SUPPORT & AVG $30+ BOUNCE OFF TREND All, OVERALL (BULLISH 70/30) I think we break out this wedge down here either now or one more attempt on bottom of wedge and hit 280-293. However, see details below. I am most likely going to hedge downside depending how Mon/Tues go. A breakout Mon-Tues I will just go into maintenance mode and watch it closely. FUNDAMENTALS Let's get to fundamnetals first. There are some "doubters" on ROKU. However, they may be right in the future as of NOW in the past quarter financialls and NOW as a company ROKU is very undervalued here reardless of future ROKU beliefs. If you want to be short next quarter for reasons "XYZ" totally get that. Arguing against ROKU after 600% EPS and customers Y/Y drastically increasing it's very obvious ROKU is worth 375+ at a "fair" valuation. TECHNICAL ANALYSIS There is a very stong support trend line here that is holding on average acting as support we have $30-$50 moves off of it regardles of what comes after. MY POSITION(S) $300 Calls Dec 3rd 2021 @ $3.65 (Will add pending non breakout by Tues) -- Either $265 or $255 PUTS for Dec 3rd 2021 (May want to add some regardless just as protection or even shorter timeframe) **Remember on options you can close/sell at any time there is a good chance if I get that 293 clean and soon I might just sell there and take a pretty solid profit. Or sell half and see if we can break the downward trend to push 315-330 area.** BULLISH PT #1: 285 PT #2: 293 PT #3: 304 PT #4: 330/342 --- "wait and see if we can break downward trend will be 3rdish time so 50/50 it breaks barring any bad/good news. Also approaching Christmas/Black Friday time. BEARISH I think the bearish comes from the obvious part of it not being able to re obtain that 376ish level. We are currently above that other previous low of 372. A break under that signls a possible big downside of 240s. The other factor is the overall market/SPY/Holidays/Feds PT# 1: 267 PT# 2: 255 PT #3: 244 PT #4: 220 (if we somehow got down 220-240 range I will immediately swap to 100% calls and a huge buy in as the stock would be at such a mind blowing discount.
NASDAQ:ROKULong
by DigitalData
1
Psychological Roots of Failure in TradingI write this article to shine a light on the importance of the learning process and increasing your knowledge in trading. Unfortunately, many new traders start trading during the bull cycle without knowing the basics of the market, and the result is almost always the same. They do not know Bullish trends will not last forever, and this coin has another side! I remember when I published my RIOT analysis on Nov 5th, 2020, the price was 3.81 USD/share and my target was 55 USD/share! I relieved many comments that is a scam or some others made fun of me! RIOT skyrocketed to 79.50 and then I published my first short analysis on Feb 18, 2021, this time everyone oppose me that it is a buying opportunity at 62 USD/share! I experienced the same situation over and over again: NASDAQ:WKHS NASDAQ:TLRY NYSE:SPCE Now for those who like to know the underlying cause of Boom-Bust cycles in the market, I would like to explain more: Soros’ boom-bust cycle, explains the three phases of price change as: 1- The “far-from-equilibrium” upswing, 2-The phase transition turning point, and 3--The downswing and return to “near-equilibrium” conditions. I believe we can evaluate the participants psychological condition as well: Charles Darwin wrote in his book The Descent of Man, "Ignorance more frequently begets confidence than does knowledge." We can consider darwin's quote the basis for the psychological researches by psychologists David Dunning and Justin Kruger. The Dunning-Kruger effect The Dunning-Kruger effect is a type of cognitive bias in which people believe that they are smarter than others and more capable than they are. Essentially, low ability people do not possess the skills needed to recognize their incompetence. The combination of poor self-awareness and low cognitive ability leads them to overestimate their capabilities. A Little Knowledge Can Lead to Overconfidence Another contributing factor is that sometimes a tiny bit of knowledge on a subject can lead people to mistakenly believe that they know all there is to know about it. As the old saying goes, a little bit of knowledge can be a dangerous thing. A person might have the slimmest bit of awareness about a subject, yet thanks to the Dunning-Kruger effect, believe that he or she is an expert. Other factors that can contribute to the effect include our use of analytical or mental shortcuts that allow us to make decisions quickly, and our tendency to seek out patterns even where none exist. Our minds are primed to try to make sense of the disparate array of information we deal with daily. It is perhaps not surprising that we sometimes fail to accurately judge how well we do. Is There Any Way to Overcome the Dunning-Kruger Effect? Keep learning and practicing Instead of assuming you know all, there is to know about a subject, keep digging deeper. Ask other people how you're doing Another effective strategy involves asking others for constructive criticism. Question what you know Seek out information that challenges your ideas, as you learn more and get feedback, it can be easy to only pay attention to things that confirm what you think you already know. This is an example of another type of psychological bias known as confirmation bias. Dunning and Kruger suggest that as experience with the subject increases, confidence typically declines to more realistic levels. As people learn more about the topic of interest, they begin to recognize their lack of knowledge and ability. Then as people gain more information and become experts on a topic, their confidence levels begin to improve once again. Conclusion: you should keep updating your knowledge about the market and accept that as a never-ending process regardless of your experience. Best, Moshkelgosha Reference Articles: www.ncbi.nlm.nih.gov psycnet.apa.org www.britannica.com www.verywellmind.com www.psychologytoday.com
NYSE:SPCEEducation
by Moshkelgosha
4