GOOGL Too Woke to Enter the AI Race Yet !!If you haven`t bought the dip on GOOGL:
Then you should know the recent controversy surrounding Google's Gemini AI was sparked by a viral post revealing an image generated by the tool. This image depicted the U.S. Founding Fathers, inaccurately featuring a black man.
The incident raised concerns about the AI's historical accuracy, prompting discussions about the precision and reliability of Google's Gemini AI image generator.
Gemini faced criticism for producing images of German soldiers from World War Two that deviated from historical accuracy by featuring a black man and an Asian woman.
The AI stated that there was "no right or wrong answer" when comparing Elon Musk posting memes to the actions of historical figures like Hitler.
Gemini firmly rejected the idea of misgendering a high-profile trans woman, Caitlin Jenner, even in a hypothetical scenario involving a nuclear apocalypse.
These instances of over-politicized responses have raised questions about the nuanced understanding of ethical dilemmas within the AI system.
The controversy surrounding Gemini prompted Google to promptly pause the tool and issue an apology, acknowledging that improvements were needed to align the tool with ethical standards.
I expect to see some significant resignations at Google soon!
My price target for GOOGL for the next 2 months is $130.
Buysell
Top 3 Intraday Trading StrategiesTo get success in intraday trading, requires dedication, hard work, patience, quick wit, and immense knowledge. Successful day trading involves 10% execution and 90% patience.
To gain expertise in day trading and honing trading skills, it takes a fair amount of time. There are a number of Best Intraday trading strategies available for trading, but the success or failure of the strategy completely depends on the market. Maybe one strategy works in today’s market condition but may not work according to the next day’s market condition. Not only, does the movement of the market, but the intraday trading strategy also depends on the trading styles of the trader. It also varies at different times of the day, depending upon how the market is behaving.
Here, in this post, you will find Effective Day Trading Strategies, which you can use for intraday trading.
Intraday Trading Strategy :
1. News Based : News-based trading is the most traditional form of day trading. This type of trader doesn’t focus on the stock price and volume charts, they wait for information that will drive the prices.
The information may come in the form of a company announcement about earnings or new products; a general economic announcement about interest rates or unemployment; or just a lot of rumors about what may or may not be happening in a given industry.
Traders who do good with news-based trading , usually have some understanding and knowledge of the markets. These types of traders are not expert analysts or fundamental researchers, but they have enough knowledge about what kind of news would be in-favor or what would be taken poorly by marketers. They also pay attention to a few different news sources and also whenever they find the right opportunity, they place the order at the right time.
The downside of news trading is that there may be few and far good events; more often, the hype is already built into the price by the time you watch it. Many news traders turn to the scalp while they wait for something to create a little excitement.
Before you start news-based day trading, one thing you should keep in mind is that, this type of trading strategy is very risky as compared to other strategies. It also gives high returns on investment within a day.
2. Gap + B.B. (S20,2): This strategy is useful when the stock/ Index opens Gap Up or Gap Down.
After the gap, the stock shows a potential reversal sign, which can observe by the place of a candlestick or by a heavy volume event. You can fade the action and go in the opposite direction of the gap with a profit target at the start of the gap.
Rules:
Entry between 9:30 to 10:00.
Exit at stop-loss or at 3:25.
Bollinger band strategy is 20,2
30- minute time frame is required.
Big Profits and Small losses.
No need to trade every day.
Helps to stay away from the Sideway market.
Example for Buy Trade:
In this strategy, the stock should be open with Gap up or Gap down.
The First 30-minute candle should be untouched from the lower band.
As you can see in the above image, the first candle opens with a gap down and it is below the lower band.
The high of 1st candle is also untouched by the lower band.
Go for buy trade when the high of 1st 30-minute candle is a break.
Stop-loss = low of the 1st candle.
Example for Sell Trade:
The stock opens with a gap up and the 1st candle’s low is not touched with the upper Bollinger band.
As the low of the first candle is broken, enter in to sell trade.
Put the stop loss at the high of the first candle.
Note: This strategy gives best result for Nifty and Bank Nifty.
3. Morning ORB: The early morning range breakouts are also known as opening range breakouts. It is like bread-butter for many trades. The trading opening range takes skill and practice until you can turn a profit.
The early morning range breakout help traders to take advantage of the violent action from the flurry of buying and selling orders when the market opens.
Trading Range
The first 20 to 30-minute trading range is suitable for an opening range breakout. While you start trading practice using this strategy, it is recommended to start with a very little amount of capital.
The stock you select for the trade should be within a range, which is smaller than the average daily range of the stock. The upper and lower boundaries of the range can be identified by the high and low of the first 30 or 60 minutes.
Early Morning Range Breakout and Volume
The idea for go short on a break below or going long on a break above resistance is not as easy as you think. First, you need to understand the relationship between volume and price.
Volume and Price must be in harmony. When you short or long a stock, which has happed down or gapped up it must open with heavy volume and then retrace on lighter volume (indicating a lack of buying). Which confirms that sellers/buyers are in control.
Volume Is very important for every type of breakout which confirms the breakout before entry. If the stock price breaks the morning Support/resistance level with low volume, there is a high chance of a false breakout.
The image below explained that high volume during a breakout is likely to push price through key resistance.
In this 15- minute chart, you see that after a break of early morning resistance with high volume, the price starts increasing.
Volume is very tricky so you need to be able to predict the support/resistance levels accurately in order to find out good volume breakouts and set proper profit targets.
Disclaimer: The Intraday Trading Strategies discussed in this post is for education purpose only. We are not responsible for any Profit or Loss you made using these strategies. We hope that you like our blog post on Intraday Trading Strategies.
ORCL Oracle Corporation Options Ahead of EarningsIf you haven`t bought ORCL prior to the previous earnings:
Then analyzing the options chain and the chart patterns of ORCL Oracle Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SPY S&P 500 ETF Potential Retracement ! If you haven`t sold AAPL after after Buffett trimmed his position in it:
Then you need to know that at 12.90%, Apple is the Nasdaq Composite's largest stock by weighting, followed closely by Microsoft at 12.14%.
Even though Apple has diversified its product line with Watch, AirPods, and services, the iPhone is still responsible for 52% of its revenue.
Today, we found out that APPLE'S CHINA IPHONE SALES TUMBLE 24%, LOSING OUT TO HUAWEI.
A downturn in AAPL could have a cascading effect on the overall market!
GTAI The Rise of the AI Cryptocurrencies !If you haven`t bought AGIX before the explosion:
Then I might have found another gem for you!
There is a recently launched cryptocurrency called GT Protocol, ticker GTAI, with a small market capitalization of $31 million and a circulating supply. It is a Web3 AI execution technology that provides access to CeFi, DeFi, and NFT crypto markets through an all-in-one conversational AI interface.
Although investing in a new coin related to AI could ride the wave of speculative investments, it is also risky to buy a newly launched cryptocurrency!
WDAY Workday Options Ahead of EarningsIf you haven`t sold WDAY here:
nor reentered before the previous earnings:
Then analyzing the options chain and the chart patterns of WDAY Workday prior to the earnings report this week,
I would consider purchasing the 300usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $23.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MATIC Polygon Price TargetIf you haven`t sold MATIC when Robinhood delisted it:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for MATIC is the next resistance, $0.92.
ADA Cardano Price TargetIf you haven`t bought ADA at the beginning of the altcoin season:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for ADA Cardano is the next resistance, $0.62.
CZR Caesars Entertainment Options Ahead of EarningsIf you haven`t bought the dip on CZR:
Then analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 40usd strike price in the money Calls with
an expiration date of 2024-3-15,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Goldbach levels explained The algorithm uses the following equation
3x3 =9
9x3 =27
27x3=81
81x3=243
243x3=729
729x3=2187
And so on…
These are our power of 3 numbers we want to keep in mind.
When we get the final result, charts will move 3,9,27,81,243,729 pips..or points or dollars at a time.
It employs goldbach levels using (po3) dealing ranges and completes objectives along each (DR) from low to high and back .
Why don’t your fair value gap or order fail to work sometimes but not always?
The dealing range you see has labels- each of icts pd arrays form and work specifically inside of the right level. Order block forms in ob
Fvg forms on fv
Liquidity voids ( long insane runs / candles) start from the lv levels ONLY.
breakers form in br
Mitigation block is mb
Rb is rejection block
If you are a Fvg or order block trader you need to understand this. The algorithm will only form the correct structure in the correct area…again like all ict concepts, it is completely fractal in nature.
Each po3 number has It’s own dealing range and smaller ones (3,9,27) all work inside of the higher ones (81,243,729)
From high to low is just these numbers in amount of pips ..
27 dr (dealing range) is 27 pips and so on, they are made up of a premium and discount also
Buy in a discount, sell in a premium..ya once 0.5 is a premium market
Since I’m on the daily using more time to swing, I’m using a 243 and 729 dealing range.
We are bearish. The algorithm is perfect.you have to open your mind to see what’s really happening…..
ASTRA Protocol | A small Crypto GEM ? ASTRA cryptocurrency offers cutting-edge compliance solutions, Safeguards the online experience, and it`s tailored for Web3, marketplaces, gaming & more.
ASTRA is currently operating in over 150 countries.
Former EU Commissioner for Trade, Phil Hogan, has taken on the role of Executive Advisor for ASTRA Protocol.
Mick Mulvaney, former White House Chief of Staff is also in the team.
ASTRA Mk cap is only $1.37Mil
Looking at the chart, I see a bullish reversal from the falling wedge.
My first price target is $0.0064
Seems like a crypto Gem!
Not trading advice, of course.
GT The Goodyear Tire & Rubber Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GT The Goodyear Tire & Rubber Company prior to the earnings report this week,
I would consider purchasing the 13usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $0.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ATOM Cosmos Price TargetIf you haven`t sold ATOM on the bearish pennant:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for ATOM Cosmos is the next resistance, $11.50.
LTC Litecoin Price TargetAfter LTC reached its last price target:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for LTC Litecoin is the next resistance, $75.75.
TON Toncoin Price TargetIf you haven`t bought the dip on TON:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for TON Toncoin is the next resistance, $2.25.
CHGG Chegg Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CHGG Chegg prior to the earnings report this week,
I would consider purchasing the 10usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $1.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
USB U.S. Bancorp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $4.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ENPH Enphase Energy Options Ahead of EarningsIf you haven`t sold ENPH before the previous earnings:
Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week,
I would consider purchasing the 102usd strike price at the money Puts with
an expiration date of 2024-2-9,
for a premium of approximately $7.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CVX Chevron Corporation Options Ahead of EarningsIf you haven`t bought the dip on CVX:
nor sold the Double Top:
Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $9.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD Advanced Micro Devices Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 185usd strike price Calls with
an expiration date of 2024-2-2,
for a premium of approximately $5.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WDC Western Digital Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WDC Western Digital Corporation prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price at the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SCHW The Charles Schwab Corporation Options Ahead of EarningsIf you haven`t sold SCHW here:
Then analyzing the options chain and the chart patterns of SCHW The Charles Schwab Corporation prior to the earnings report this week,
I would consider purchasing the 66usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $2.06.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.