The minimax strategy is a decision rule used in game theory, decision theory, artificial intelligence, statistics, and philosophy for minimizing the possible loss for a worst-case (maximum loss) scenario. When dealing with gains, it is referred to as "maximin" – to maximize the minimum gain.
In a zero-sum game, where one player's gain is the other player's loss,...
Potential Bear Flag brewing up here on SARK
For the past two years SARK has been one of the best ways to monitor the Bear Market.
If this Bear Flag plays out and SARK continues to break down further shorts are in for some serious pain market-wide
Basic retracement fibs.
And I currently have a bearish bias on pretty much everything ARK has exposure to.
I think a significant spike may be coming in this.
Related to my ARK analysis.
Just an update here I’m gonna be taking some profits very shortly we’re getting very close to my exit price looking for close to 69 but I might take some around 68 and I’ll just leave a few left since my entry was at $50. Hopefully some people have followed me on this trade idea that I set up back around $47-$50 range targeting 69 to 71 played out beautifully
This chart is looking pretty interesting if you guys follow me before on the trade I started loading up heavily on this around $47-$50 range and I ended up selling most of it upon the test of $60. Now I still have some remaining and I’m considering adding a smaller swing trade upon the test of $58. If we can tap and continue to hold that this could be setting up...
As per my earlier idea, SARK has provided a great chart set up with the bullish falling wedge, high RR, and fits with a wider view on fundamentals (rising rates etc.)
On the earlier trade (see linked ideas) I have made this risk free by moving SL to BE.
In light of that, I have taken a 2nd position allowing me to add exposure to this idea, following on from a...
I am basically breaking even on this trade. I got in way too early. This has been a long hold for about 2 months now. I wan't properly tracking this position and it was a small hedge in my portfolio. Looks like a double top is on the horizon, so getting out while I'm ahead.
Last time we talked about sark we were loading up around 47/48$ area. Closing above 51.30 caused a great entry breakout of a large falling wedge. In turn creating an inverse head and shoulders targeting 65$ howverr this is the first reistance area. I took some profits in this area but still potentially expecting further upside deposing if we can close 4 hour...
Long grueling falling wedge. I’m still in my longs. I added weekly between 50-47$. Averged in 47.84 overall. Now we are testing resitamce of this wedge. If we can start closing 4 hour candles above 51.50 area. This could be our breakout starting. Def keep a close eye on this reistance we are tapping becusee sark is close to a monster move to retest highs if this plays out
As Arkk has been pushing finally reaching rising wedge resitamce. SARk in falling wedge. This 49.75-50$ level is holding up in my veiw I’m starting to add to this opposing stock as I feel Arkk is bearing the end of the run
I currently believe we are in a reaction rally for the traditional markets. If you understand how reaction rallies work, you'll know we'll set a new lower high, then continue our movement downwards to set a new lower low. So for me this is a great accumulation range.
