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GS2C trade ideas

My 4H $GME Chart Showing Key LevelsThis is being posted in addition to my weekly chart so its easier to see. Original weekly chart can be found in "related ideas" underneath this description. Expect the next 2 weeks to be extremely volatile due to several upcoming events: Earnings Release: June 11th Annual General Meeting: June 13th Contract Expiry: Over 140,000 call contracts expiring on June 21st Price Prediction Short-term Decline: The price may fall further to between $25.25 and $23.07 to fill the gap created on June 3rd, represented by the blue demand zone. Upside Potential: Following this, I expect a price run-up past $67.50 and $80 due to the exhaustion of selling orders over the past 4 weeks. Watch for a test of the all-time high (ATH) of $127.01. Cheers!
NYSE:GMELong
by NickMackintosh
1
Top 3 Tips on How to Avoid FOMO Trading (Fear of Missing Out)Here you are, casually sipping your coffee and watching the clock go by while you wait for the market to open so you can buy a few shares of your new stock pick. Remember, you chose that one after deep research and careful planning. And then “ WHAM! ” Twitter notifications start flying. GameStop (ticker: GME ) is once again rocketing to the moon after some livestream on YouTube unleashes a huge buying spree. “MUST. GET. IN.” — you, probably, after you get your emotions shaken and stirred by something called FOMO. 🔔 What’s FOMO? FOMO is an abbreviation for Fear Of Missing Out. This little four-word phrase can throw your investment rationale, thesis and analysis out the window so it could settle in your prefrontal cortex where your brain goes to make life decisions. In this blog, we’ll talk about that little gremlin FOMO and what steps you can take to prevent it from overriding your emotions and decisions. And for the sake of your time, we’ll keep it short. Let’s go. 💡 Tip 1: Plan Your Trade Plan your trade in advance and don’t sink into the moment. Knowing your entry, take profit and stop loss before you move into your position will eliminate the urge to rush in when things get hot. 🔴 Problem: News Releases, Earnings Reports We all know how intense markets can get when there are news reports coming out. Company data such as earnings reports or some of America's top economic events , such as the widely anticipated nonfarm payrolls , or the Federal Reserve’s market-moving interest rate decisions can spur volatility and cause trading instruments to seesaw and fluctuate in both directions. And because these events are well-known in advance — the Fed only meets eight times a year — these moments can be an attractive invitation to make a profit. 🟢 Solution: Plan your trade and understand that news reports and earnings releases are a double-edge sword and even if the data supports a certain narrative, i.e. lower inflation = higher gold prices, this isn’t always the case. Take a step back, regulate your breathing and keep your emotions in check. Wait it out until the noise tones down. 💡 Tip 2: Avoid Revenge Trading Revenge trading is the trading you do when you want to get back at the market after getting smacked in the face with a loss. Next time you stare at a losing position, notice if you feel the urge to jump right back in and make up what you lost. That's revenge trading. 🔴 Problem: Losses and Missed Opportunities Taking a beating from Mr. Market can be a painful experience. Yet, not taking the loss the right way can lead to even more pain and wiped out funds. Whenever you’re staring at a losing position, you might be tempted to sell out and jump right back in an effort to make back what you lost. 🟢 Solution: Avoid revenge trading. Recognize that pesky feeling, which — whenever you lose money on a trade — makes you want to pare back your losses with one quick trade. That quick trade could be a) more aggressive (for more potential profit), and b) cost you even more money because you’ve been impatient. 💡 Tip 3: Don’t Chase the Pump Any pump usually has a strong pull, because it makes gains look easy. All you need to do is catch the speed train (or get onboard the rocket ship) and, boom, you're in profit. Although, it's not as easy as it looks. 🔴 Problem: Pump and Dump Schemes Quite often we see some little-known stock or a cryptocurrency with a small market capitalization perform some outstanding moves. It may shoot higher by 100% or more and that may trigger some FOMO in you, causing you to panic-buy and then watch your investment evaporate like snow in water. 🟢 Solution: Don’t chase the pump. It’s simple. A pump can play with your decision-making capabilities and cause you to make irrational choices out of the desire to join the volatility train. But many of those pumps end up as dumps. Pump and dump schemes are real — the gains go as quickly as they came and you don’t want any of that. Final Considerations Forming a deep emotional connection with the market isn’t a bad thing. This place is your passion and you’ve chosen to participate in it, together with its ups and down. What you should pay attention to is how you react to its changing moods and whether you behave logically or illogically to get what you want. Acting illogically can lead you to trip up so you want to distinguish that. Use your emotions to get rational inspiration and excitement about what you want to accomplish. 📣 Your Turn! Have you ever tripped up over a FOMO trade that hurt your account? What was your trigger and subsequent result? Let us know in the comment section below!
NYSE:GMEEducation
by TradingView
10
GME Demand Bounce Been doing some GME analysis lately and I'm long. I have a smallish position and plan to let it ride until 6/21, it'll work it won't. What I want to see for bulls is for Game to hold this $20 area where we have demand and horizontal support. If GME gives up this level, I think it could be a while before it regains some strength, unless.of course there is some sort of new catalyst or news event. I'm fairly concerned about my position due to the second offering GME announced Friday morning, which was once again right in the middle of a squeeze, just as it seemed it may actually get the momentum to start heading back towards ATH. Both times have been big failures and I don't see why this one would be any different,.but this is a top watch for me in the market this week along with all my other bearish plans and setups. GME and meme stocks could also potentially be one of the catalysts for a market crash and I'll have more on that later. I guess I should also mention that DFV's stream was mostly a nothing burger and a sell the news event, which is what I expected. I think the folks who keep building up these events as if it's suddenly going to trigger MOASS based on the idea DFV will exercise his calls is.just silly. But based on his latest tweet, it appears he's going silent again and we'll have to wait and see if and when we hear from him again. Very interesting stuff all over the market at the moment.
NYSE:GMELong
by AdvancedPlays
3
GME idea So this dude has 120,000 $20 call options expiring June 21 and 5 million shares he purchase at $22 average or around there. he has not sold a single share or option , the company announced earning earlier than expected and said they will offer and issue 75 million more shares. So on Friday the price went as high as 48 and ended the day at $ 28 . The dude saw millions of paper loses on his position and didn’t even thought about selling a thing . So that brings me speculative conclusion. In order for both GME CEO and Roaring Kitty to screw up the shorts they need to be together on these play . Next week GME CEO needs to make an announcement about part of the 75 million offering being finish and that they will not sell more shares until later that could bring the speculators back in the game . with roaring kitty still holding he can say he is waiting until expiration date to exercise his calls and buys 12 million shares off the market that would be crazy and speculators will want to buy shares before he exercise his options . Ryan is a smart Man and this is a big oportunity to raise billions for the company and putting himself on a good position as a great CEO . That’s the first scenario . The second one is . Ryan and the shorts are working together on screwing up the company. If that’s the case roaring kitty will have no options but to sell his calls and sell his 5 million shares , that would be devastating for the stock since all the holders will lose faith on the stock and could potentially fall down to $10 or lower. There is more money to make to the upside if GME ceo plays his cards right either he sells at $ 120-150 par share or rides with the shorts down to sub-$10 . That’s a possible 4-5x on the upside if the short squeeze happens . This is not a financial advice, this is just my personal opinion .
NYSE:GME
by Todopoderoso
Trade Like A Sniper - Episode 27 - GME - (8th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing Gamestop (GME), starting from the 4-Month chart. If you want to learn more, check out my other videos on TradingView or on YT. If you are interested in private coaching, feel free to get in touch via one of my socials.
NYSE:GMEEducation
by Road_2_Funded
GME CRAZE ! YOU IN OR OUT ???Traders! People! Home Gamers! What ever you want to call yourself, let's have a little excitement with trading and talk a little about YES, GME. You can't be a trader of any kind and ignore this craze. Meaning, you can't help but have some kind of interest in watching all this unfold. Whether you believe any of it or feel it's all a put up hoax in the world of Wall St, let's just enjoy the entertainment for what it is. Let's pull up some charts and look this thing straight in the eye and decide if you are willing to take on a possible money opp or not. We broke out of a resistance area on the 15min chart. There is a big supply area starting from 41.67 to 56.75. With that said, is it not a long trade here? Sure looks like it. Ok, where should a trader get nervous after being long? I would start to really watch my 15min chart for any kind of selling pressure starting around 41.67 area. Big zone stretch up to 56.75. If price were to break out past that then that's a story for another day. Let's first get to these areas and we can have another talk at that point, in the meantime please trade with caution if you choose to venture into this stonk and remember June 24 is earnings report. Best of luck in all your trades and remember to trail a stop with the sar or 10ma or both. Cheers to: "I just like the stock". Meow.
NYSE:GMELong
by Trade-Farmer
4
Predicting a return to daily open for $GME. Here's why:Based on the chart for NYSE:GME , there's a compelling case to be made that the price will likely revisit the "open price" level indicated at the top. Here’s why: Reversal Patterns Indication: The chart displays a head and shoulders pattern followed by V-bottom formations. The head and shoulders pattern typically signals the end of a bullish phase, but the subsequent V-bottoms suggest strong buying momentum. This indicates that buyers are stepping in forcefully at lower prices, which often leads to a price surge back to higher levels. Support and Resistance Dynamics: The specific price levels marked on the chart identify clear resistance near the "Open to Current FIB Retracement (std dev)" and just above at the "open price". After the initial drop, the strong recovery hinted at by the V-bottom patterns underscores a robust buying interest at lower levels, likely pushing the price to retest and potentially break past the resistance at the open price. Volume Confirmation: Although the chart does not detail the volume data, the visible bars of green and red indicate significant trading activity during the recovery phases (V-bottoms). This heightened volume during upward movements supports a bullish outlook, suggesting that the price may ascend to higher levels, including the open price. Psychological Round Number Factor: The open price often serves as a psychological target for traders. It's common for traders to place buy orders near this level, anticipating that others will do the same due to its significance as a starting point. This can create a self-fulfilling prophecy that drives the price toward this level. Fibonacci Retracement Levels: The inclusion of Fibonacci retracement levels in the chart is noteworthy. These levels are widely used by traders to predict potential reversal points. The current price activity around these levels might encourage more trading based on Fibonacci strategies, aiming for a return to earlier highs, such as the open price. Thoughts?
NYSE:GMELong
by joshuatseppich
3
$GME GAMESTOP... HAS THE GAME STOPPED?NYSE:GME Gamestop broke out of it's falling wedge after 3 years of a downtrend from an all time high of $120 - Weekly Timeframe. At the breakout of this falling wedge, #GME distorted it's downtrend to start an uptrend! Currently! Prices have retraced to supports around 24. To maintain this uptrend, price action has to remain supported btw $18 - $24 Else next support around 10 could be retested. Maintaining key support around $24 will allow for much higher prices in the future. NYSE:GME Up resistances: 39, 58, 79, 99, 120
NYSE:GME
by Ifiok-2sydes