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MattArmstrong
Sep 1, 2021 10:59 AM

GME | GameStop | $GME Short

NYSE:GME240
GameStop CorporationNYSE

Description

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Video breakdown of what looks like a short trade in GameStop...

Time will always tell.

Control risk 1% and 2:1 RR

Comment

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After today's trading session... I am more convinced in the short.

Comment

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Not looking bullish...

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the stock is a bit of a blood bath.

Comment

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Stock gapped down yesterday, spent the day closing that gap. I would not take that as bullish.

Comment

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Remember when GME was going to "take" from the rich guys... here's a hint for the younger traders... It's all a Ponzi scheme.

Comment

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What a Great Stock this turned out to be, 2021-2022 will be historical years for so many reasons.
Trend AnalysisHarmonic PatternsChart PatternsGMEgamestopgamestopstockdollarindexcryptobroscryptotradeS&P 500 (SPX500)
Comments
smiling_monkee
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I think you forgot to post your short position as part of the video. Put your money where your mouth is maybe. 🤷🏼‍♂️
MattArmstrong
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@smiling_monkee, I say: "will not trade it" in the video;)
Noob35
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@MattArmstrong, Why Post if no pos in it & won't?
MattArmstrong
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@Noob35, It's a discussion, it's not always about the money. It's about the skill for me.
Noob35
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@MattArmstrong, Got it. Sounded like FUD. MY bad
MattArmstrong
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@Noob35, Sadly.. I have zero emotion in this game.. it has been beaten and stripped from me;) I just post-analysis and trade ideas.
I am just doing so for educational purposes, I am often clear if I am going to take the trade or not. GME is simply not in my wheelhouse of risk, I noticed the level it was at and posted analysis.
We will see what the future holds as neither of us knows where the price will go.
Thanks for you comments!
Noob35
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@MattArmstrong, In the past 2weeks or so AMC & GME platforms are filled with fud & shills. Anything negative triggers me to think it is FUD. Apologies
Happy Trading
MattArmstrong
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@Noob35, boom.... let's see what happens! cheers
Captain_Cam
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I like these types of analysis since my Bias can definitely get the best of me, im longer than the average person but thanks for your food for thought. I think we''ll be testing that 260 area in the short term I have many shares in both amc and gme along with leaps. Bought more today as well, that 200 dollar level is a very strong area of support along with the bullish consolidation under the resistance we've been seeing. ( but again i could be wrong and so can anyone else) thx for the post.
MattArmstrong
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@Captain_Cam, thanks for the comment!
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