I rate stocks…

Dec 25, 2021 529 Comments

Have been trading for 10-11 years now using technical analysis, can generally read a chart pretty well and get an idea of how likely a stock is to make a significant move and if it is more likely to be up or down. Feel free to hit me with some ticker symbols of companies you work at or want to work at… and don’t ask about PLTR or FUBO or WISH I’ll just tell you right now they are garbage and likely to remain garbage in the near future. #investments #trading

Edit: my timeframe is weeks to months - and is primarily technical based. I look to manage risk tightly and follow trends - a trend if your friend til the end when it bends. I look at levels of support and resistance, as well as evidence of institutional behavior, which is what moves markets the most (except maybe some pink sheet pumps).

edit2: I guess really what I’m offering is my thoughts on how I would trade it, long short or not at all. Extract value where you find it and leave the rest.

edit3: why should you believe me? You shouldn’t, skepticism is good. Isn’t technical analysis just astrology for men in their 30s? Used like it usually is, pretty much. TA is not a good predictive tool it’s use is in defining and managing risk. I am right on direction about 55% of the time and win about 40% of my trades, but because I manage risk well, my average loser is only 2.2% and my average winner is about 8%, you may do the math. (And yes, I can be right on direction but still be stopped out on a trade - this happens with shakeouts generally - but I have no idea in advance which ones are shakeouts and which ones are going much lower, so I’m better off cutting them). If you’re so smart why do you work at Nordstrom? The fuck does that matter. Show me your returns! No. You’re a charlatan! My trading profits pay my bills and then some. You’re welcome to move along. Where can I learn more? Start with how to make money in stocks by William O’Neil (again, extract value where you find it and leave the rest), then you can DM me to know more after that.

None of this is a recommendation to buy or sell anything. Your timeframe, risk tolerance, and objectives may differ from mine. Do your own research before investing… I mean damn, it’s YOUR money.

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