New Look for SMR ✅ Breakout Alert SMR has broken above previous resistance, establishing new support. ✅ Watchlist Addition Added SMR to my watchlist for potential further upside! #SRM
Huge flag pattern pre-earnings, typical $20-$30 moves. Watch for: Breakout above/below flag. Stop-loss outside flag. Targets based on flagpole height. Earnings = volatility, manage risk carefully. #COIN
I don’t usually enjoy trading large caps, but NASDAQ:TSLA looks interesting at these levels. I typically prefer buying shares at deep discounts, but I’m adding it to my watchlist for next week’s session.
AMEX:SPY Trade Setup 💡 Target Entry: < $577 Position: SPY 574 Puts (Oct 30 Expiry) Technical Analysis: Multiple tests of major trendline last week = critical support level Two potential scenarios: Trendline Break ⬇️ Expect accelerated downside momentum Trendline Hold ⬆️ Watch $585.27 as key breakout level Break above = potential run to new ATHs Risk...
🚨 Boeing (BA) Analysis 🚨 🔻 Falling Wedge: BA is in a falling wedge pattern, signaling a potential reversal soon. 📊 Key Levels: Support: $146 Resistance: $165-$170 Current Price: $152.35 (-25.88%) 🟢 Oscillator: Currently oversold in the green zone, suggesting a possible bounce. 📈 Watch for a breakout above the wedge for a move toward $165. Failure to hold $146...
A Dragonfly Doji is a candlestick pattern characterized by a long wick or shadow that is significantly longer than its body. It is considered a type of doji, where the opening and closing prices are very close together. The presence of a large wick indicates a wide trading range during the time period of the candle, while the small body represents minimal...
💥It is important to understand that the US economy represents approximately 25% of the global GDP, despite having just 334 million people, which is around 4.25% of the global population. This context is crucial for comprehending various narratives prevalent in media and politics. Here are a few examples to illustrate this point 🧵: ♦️China, with 1.45 billion...
🔔 Trading zero-day-to-expiration (0DTE) options on AMEX:SPY has both positive and negative aspects. Let's explore them 🧵: Positive: ♻️ High Potential for Quick Profits: 0DTE options offer the opportunity for rapid gains if the underlying stock, in this case, AMEX:SPY , experiences a significant price move within a single trading session. ♻️ Reduced Time...
In the dynamic world of trading, it is widely acknowledged that strategy and market knowledge are essential for success. However, there is a critical aspect that often goes unnoticed but holds immense power in shaping trading outcomes: the psychological dimension. The psychological aspect of trading encompasses understanding and effectively managing emotions,...
🔍 Discovering the ideal signal provider for your trading journey can appear challenging. With a multitude of options available, selecting the right one can be overwhelming. However, fear not! In this guide, we will explore the essential qualities to consider when choosing a signal provider, empowering you to make an informed decision. 📈 The foremost and most...
It's fascinating to hear about your journey as a content creator and now as a trader. It seems like you have a strong understanding of personal finance and the importance of stability in achieving your goals. Building a stable income and meeting your basic needs is indeed crucial before diving into trading full-time. - You make an important point about the...
I made a huge mistake when I first started trading – I jumped from one strategy to another, constantly searching for the "holy grail." I tried everything from signals and account management to mentorships and expert advisors. Each approach seemed profitable initially, but as soon as I invested more capital, I encountered significant losses. It was a frustrating...
Sometimes the ups and downs of the market can take a toll on us, both mentally and emotionally. Imagine this scenario: you enter a trade with confidence, having carefully considered every aspect and calculated your moves. You're in a great mood, envisioning the profits that await you. But then, unexpectedly, everything goes wrong. - In moments like these, it's...
Investing is a crucial component of personal finance, providing individuals with an avenue to expand their wealth and secure their financial future. Unfortunately, many people shy away from investing due to perceived obstacles that hinder their progress, such as a lack of knowledge, fear of risks, and limited resources. These barriers can prevent individuals from...
The head and shoulders pattern is a well-known chart pattern utilized in technical analysis to anticipate potential reversals in price trends. It derives its name from its visual resemblance to a head and two shoulders. Typically forming after an uptrend, this pattern is considered bearish and indicates a potential reversal in the market. Here are the main...
The double bottoms pattern is a common chart pattern used in technical analysis, including scalping strategies. It is a bullish reversal pattern that can signal a potential trend reversal from a downtrend to an uptrend. - In scalping, traders aim to take advantage of short-term price movements and generate quick profits. The double bottoms pattern can be used...
Introduction: 💥 In the world of finance, option trading has gained significant popularity among investors and traders alike. It offers a unique and versatile set of investment strategies that can be employed to capitalize on market movements, hedge against risks, and enhance overall portfolio performance. Whether you are a seasoned investor or just starting,...
Trading is an incredibly captivating and exhilarating profession that holds the promise of substantial profits, financial independence, and the freedom to work from anywhere. However, alongside the allure of great rewards, there are significant risks involved, resulting in a high failure rate of around 90% among traders. So, why do so many traders fail? Let's...