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.
:( no I have lots of pltr
$PL..oh okay
Were you going to say PLAB? That one looks good for more. A.
Go son, rate BABA
F- Chinese horseshit. If you want to short, wait for a 2-3 day rally into the declining 20 day moving average.
I can hold the stock for 4-5 years, do you think it’ll grow in the long term?
HOOD
Not good short or long right now. Could see it rallying to 22 area any given day but a quick rally would be faded hard. This one needs lots of time to digest a 75%+ fall from highs and 50% from ipo. It would likely be lower 3-6 months from now.
Selling CC is the way here
SNOW
This one had a couple constructive shakeouts last couple months. Working on a solid base structure and it’s obvious big 💰 is interested. Like it long on a push through 375-380 and longer through 405. It’s a B set up right now.
Mile, upstart, docu
Done done and done-er. Yikes, I hope you don’t own these.
Why do you think these are shit ? I mean docu corrected 40 % do you still think it can fall? I understand mile is shit. Upst has posted great earnings for the last quarters and has corrected more than 50% from all time highs
I'm an Aquarius what do you recommend?
Anal beads?
Rate JD, BILI, AirBnb
JD looked ok, maybe a B- until a month ago, technically speaking. Better play is short as it rallies back to 75, but the short is C grade at best. Would not touch it due to macro concerns about Chinese listings. BILI… just set some cash on fire it will keep u warm. ABNB good potential but it’s not ready. It could be a big mover above 220, but where it’s at now it’s likely to churn. D+
Do some interesting crypto ones, like $SAND
I don’t trade crypto - I hold a near meaningless amount (1% of nw) in ETH. Most crypto charts look bad to me. But I don’t have a good understanding of “on chain” metrics that you get from people like Ben Cowen or Willy Woo. I have made money long and short MARA, RIOT, and SI. And long side of HUT (short side was a loser). None of them look healthy right now.
uber, honeywell, ford
Uber is a D+ long… creating a base but still below key moving averages like the 200 day. Would be interesting if it reached 50, pulled back towards 45, then buy on the way back through 50. HON looks like a B+ short, would not touch it long. F is a B-grade long. Like it a decent clip higher on a push through 22, no resistance above.
Op, what's D+, B- and so on....is there a doc that I can refer to?