it is vital for all traders to control their emotions. getting excited is natural for everyone but if you want to be a successful trader you have to learn how to control your feeling. we trade based on the facts not feelings!.
there are always alternative scenarios and a wise trader should be prepared in advance. being aware of alternatives can help you to control...
My top 10 buythedip picks:
TSLA - 697
ROKU - 367
SQ - 234
Z - 153
BIDU - 266
PYPL - 249
SNAP - 57
FLGT - 104
REGI - 85
FCEL - 17.3
These are considered based on following criteria:
Was in clear uptrend before pullback
Had deep pullbacks from ATH, yet support level is not broken.
Has bounced off a bit from bottom - support level
Still lot of room to...
You don’t need us to tell you that China’s Internet space is booming. With the world’s largest Internet user population and a long way to go to reach Internet penetration levels of developed countries, China’s Internet industry is growing in both scale and influence. And as more and more Chinese users come online, Baidu continues to innovate to meet...
Volume averages have increased throughout the last year indicating increased volatility, and in a low-vix environment with high inflation expectations subsequently an inflated market with inflated price-swings and volatility. PTs and resistances were created since last-year's trend started, showing clearly in-tact relative tops & bottoms from 2020 status quo with...
Here is a quick tip on how beginners can translate what they know about playing the upside and utilize the inversion of the chart to make sense of playing the downside!
A lot of New Traders have a tough time playing the downside and this is a great way to start making sense of it!
Firstly of all, my pair trade setup of BABA/BIDU is really successful. you can check the linked idea below.
Secondly, the free fall of BIDU was triggered by fire sale from a hedge fund who was believed to be default late last week. ViacomCBS, Baidu and some other stocks have been impacted a lot by the liquidation.
Thirdly, look at the free fall angle. I don't...
after enjoying a really strong rally from mid 2020, breaking through a couple wedges (marked on the chart), BIDU has been suffering some strong selling / profit taking over the past couple weeks.
On the daily chart, we see a long and steep Flag forming. Bearish MA crossover and current negative news cycle could depress price further in the coming days....
sry i can't stop staring at these charts, but notice how crossover and divergence on 1hr RSI shows mega-wave top and bottom, and that we see a stochastics crossover today while futures absolutely rip and BIDU remains persistent in testing its respective waves. We truly are at the bottom.