GME About To WaterfallGME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH! Shortby RealMacroUpdated 613613341
Top 3 Tips on How to Avoid FOMO Trading (Fear of Missing Out)Here you are, casually sipping your coffee and watching the clock go by while you wait for the market to open so you can buy a few shares of your new stock pick. Remember, you chose that one after deep research and careful planning. And then “ WHAM! ” Twitter notifications start flying. GameStop (ticker: GME ) is once again rocketing to the moon after some livestream on YouTube unleashes a huge buying spree. “MUST. GET. IN.” — you, probably, after you get your emotions shaken and stirred by something called FOMO. 🔔 What’s FOMO? FOMO is an abbreviation for Fear Of Missing Out. This little four-word phrase can throw your investment rationale, thesis and analysis out the window so it could settle in your prefrontal cortex where your brain goes to make life decisions. In this blog, we’ll talk about that little gremlin FOMO and what steps you can take to prevent it from overriding your emotions and decisions. And for the sake of your time, we’ll keep it short. Let’s go. 💡 Tip 1: Plan Your Trade Plan your trade in advance and don’t sink into the moment. Knowing your entry, take profit and stop loss before you move into your position will eliminate the urge to rush in when things get hot. 🔴 Problem: News Releases, Earnings Reports We all know how intense markets can get when there are news reports coming out. Company data such as earnings reports or some of America's top economic events , such as the widely anticipated nonfarm payrolls , or the Federal Reserve’s market-moving interest rate decisions can spur volatility and cause trading instruments to seesaw and fluctuate in both directions. And because these events are well-known in advance — the Fed only meets eight times a year — these moments can be an attractive invitation to make a profit. 🟢 Solution: Plan your trade and understand that news reports and earnings releases are a double-edge sword and even if the data supports a certain narrative, i.e. lower inflation = higher gold prices, this isn’t always the case. Take a step back, regulate your breathing and keep your emotions in check. Wait it out until the noise tones down. 💡 Tip 2: Avoid Revenge Trading Revenge trading is the trading you do when you want to get back at the market after getting smacked in the face with a loss. Next time you stare at a losing position, notice if you feel the urge to jump right back in and make up what you lost. That's revenge trading. 🔴 Problem: Losses and Missed Opportunities Taking a beating from Mr. Market can be a painful experience. Yet, not taking the loss the right way can lead to even more pain and wiped out funds. Whenever you’re staring at a losing position, you might be tempted to sell out and jump right back in an effort to make back what you lost. 🟢 Solution: Avoid revenge trading. Recognize that pesky feeling, which — whenever you lose money on a trade — makes you want to pare back your losses with one quick trade. That quick trade could be a) more aggressive (for more potential profit), and b) cost you even more money because you’ve been impatient. 💡 Tip 3: Don’t Chase the Pump Any pump usually has a strong pull, because it makes gains look easy. All you need to do is catch the speed train (or get onboard the rocket ship) and, boom, you're in profit. Although, it's not as easy as it looks. 🔴 Problem: Pump and Dump Schemes Quite often we see some little-known stock or a cryptocurrency with a small market capitalization perform some outstanding moves. It may shoot higher by 100% or more and that may trigger some FOMO in you, causing you to panic-buy and then watch your investment evaporate like snow in water. 🟢 Solution: Don’t chase the pump. It’s simple. A pump can play with your decision-making capabilities and cause you to make irrational choices out of the desire to join the volatility train. But many of those pumps end up as dumps. Pump and dump schemes are real — the gains go as quickly as they came and you don’t want any of that. Final Considerations Forming a deep emotional connection with the market isn’t a bad thing. This place is your passion and you’ve chosen to participate in it, together with its ups and down. What you should pay attention to is how you react to its changing moods and whether you behave logically or illogically to get what you want. Acting illogically can lead you to trip up so you want to distinguish that. Use your emotions to get rational inspiration and excitement about what you want to accomplish. 📣 Your Turn! Have you ever tripped up over a FOMO trade that hurt your account? What was your trigger and subsequent result? Let us know in the comment section below! Editors' picksEducationby TradingView1010365
$GME to 17Good Morning Traders, Not financial advise, at ones own risk:reward GME failure to hold levels gained and losing level sends this back to the origin. NYSE:GME to 17 Too many believers without continuation turns the believers stop loss to close orders as fuel for down. Will be back with an update around target price with an update and possibly a long. Have a nice weekend traders Check the previous idea from $29 to $42 with $58 targets. Shortby vregrdedtrdrUpdated 484822
Gamestop- Idiosynchratic Systemic RiskThe rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven Squeeze GameStop, facing declining brick-and-mortar sales, became a target for short sellers who saw its business model as outdated. However, a surge of online optimism, primarily on platforms like Reddit and Twitter, ignited a buying frenzy among retail investors. This sentiment-driven buying pressure triggered a dramatic short squeeze, propelling the stock price to dizzying heights in January 2021. The Fallout: Buy Buttons and Direct Registration While the price eventually corrected, the social media fervor persisted. Concerns about trading restrictions implemented by certain brokers during the squeeze further fueled the fire. This led retail investors to embrace Direct Registration of Shares (DRS), a process that removes shares from the clutches of brokers and places them directly with the company. The goal: to limit the availability of shares for shorting and potentially trigger another squeeze. DRS: A Unique Market Phenomenon With over 74 million shares DRS'd as of the last earnings report, GameStop represents a unique case in market history. No other non-penny stock has witnessed such a large-scale withdrawal of shares from the open market by retail investors. This unprecedented scenario has created a volatile market dynamic with the potential for significant price movements. Technical Analysis: Signs of a Potential Breakout GameStop's price chart exhibits classic characteristics of a stock primed for a short squeeze breakout. Price consolidation since the 2021 squeeze, falling volume and volatility, and rising short interest are all potential indicators of pent-up pressure. The Socioeconomic and Elliott Wave Perspective Analyzing market movements through a socioeconomic and Elliott Wave lens, we recognize the crucial role of collective sentiment and mood in driving stock prices. GameStop's price trajectory aligns with a clear 5-wave Elliott Wave pattern, suggesting a potential return to all-time highs and beyond. Potential for Government Intervention The exponential counterparty risks associated with a potential GameStop squeeze raise concerns about systemic market instability. Government intervention, in some form, cannot be ruled out to mitigate the potential fallout of unrecoverable margin calls on significant market players. The Sequel Awaits: A Story Unfolding As time unfolds, the GameStop saga continues to evolve, captivating both financial experts and retail investors alike. Whether a sequel to the "Dumb Money" film materializes remains to be seen, but one thing is certain: the story of GameStop is far from over, with its potential consequences for the market attracting keen attention worldwideLongby Heartbeat_TradingUpdated 187187716
Massive Divergence Hints at GME Short SqueezeWe see a massive hidden bullish divergence in the Cumulative Volume Delta for GME. This means that short sellers have tried to push the price down by all means, but were unable to break below the previous low. The logical consequence of this situation is an expected short squeeze. Experience shows that the more pronounced the divergence, the stronger the short squeeze.Longby OchlokratUpdated 3321
Long $GME on increased volumeLong gamestop at a price of $20.31 Based on trading volume with demand at the $20.20 level, looking to take out areas of supply as we recently retested $63.92 earlier this week. Next level would be the $86.17 followed by ATH of $120.75. Only trade what you can afford to lose! The company is not profitable but has a robust balance sheet and cash on hand.Longby NickMackintoshUpdated 151547
GAMESTOP: The Party Is OverRemember when Elon used to tweet about Dogecoin, causing the entire market to react wildly? Market cycles repeat, and this one is no different. What we've learned is that driving up prices through tweets, Saturday Night Live appearances, or YouTube livestreams is unsustainable, and the positive effects are diminishing. Yesterday, expectations for the livestreams were high. Despite multiple market halts, the disappointment was evident as GME's price retraced to its pre-pump level from the start of the week.Shortby ARESABIUpdated 884
Can Roaring Kitty and WSB team push Gamestop to $184If u copy the price range #1 and add it to the high of 2008 We get a log price #2 This could be useful to have some insight to where #GME could possibly go if things go crazy! And it not only challenged it's ATH but goes on into blue sky territory. This is also extremely bullish for #crypto and #shitcoins Wild Degeneracy breeds FoMO and creates giant green candles where don't expect them #Memecoins Longby BallaJiUpdated 7738
Is this the mother of all bull flags?….I present before you the daily chart, record volume and incredible volatility all to this point in time Today, Citroen is out one of the largest short traders against NYSE:GME Tomorrow historic NYSE:GME shareholders meeting I’ve been buying and adding to my trade for days Do what you want im HODL Diamond hands Longby FibonaccivixUpdated 3316
GME Gamestop Technical Analysis and Trade IdeaIn our recent video, we conducted a concise technical analysis of GameStop (GME). After a bullish rally, GME became overextended, hitting resistance levels and subsequently retracing significantly. Currently, we’re closely monitoring key support levels. Our primary objective is to pinpoint an optimal buy entry point within this critical support zone, provided that price action aligns with our analysis from the video. As always, our video provides valuable insights into trade entry points, trend analysis, market structure, and price action. Remember that this content is for educational purposes only and should not be considered financial advice. 📈🚀📊Long06:09by tradingwithanthony1122
Did You See What GameStop Just Accomplished?I must say, and as I wrote the other week ( see here ), the winners of the GameStop resurgence was GameStop itself. They now have $4 BILLION in cash on their balance sheet. That's right – a strong community can do wonders for a brand, its backing, and the company itself. Between Roaring Kitty, Ryan Cohen, and everyone on Reddit, they just created a viable business with an entirely new fundamental outlook. Let me explain: - They eliminated all of their debt, thus zero debt! - They now have about $4 billion in cash. - Market cap is nearing $10 billion. - They do about $3.2 billion per year in revenue. - They have 3x PS ratio, but many startups for for 5x or even 10x. But keep in mind that a majority of that is in cash. If we back out the cash from the market cap, the PS ratio is more like 1.5. If you think they are on the verge of rebuilding and recreating their story, they have the revenue and balance sheet to do it. Well worth watching… By the way, I still can’t believe some 25%+ of the float is still short and public about it in available data. I currently do not have a position, but as someone who appreciates fundamentals, a sound business, it surely has me watching it more closely than I have in prior years. The road will be long and difficult, and they have to execute flawlessly, but if they can, the vision is to become a gaming giant that'll be a value add to the gaming world.by scheplick227
$GME AlgoTradeAlert Momentum Algorithm IndicatorNYSE:GME AlgoTradeAlert Momentum Algorithm Indicator We never short growth stocks or stocks with a lot of volatility. If we were short, we would have covered our short position and gone long. Instead, our strategy is to wait for the large green dot to enter a long position. On June 10, we got that large green dot and we entered into a long position. Yesterday at 13:20, we exited our long position with a fantastic profit. Today we are going to repeat the process and do it all over again. Wait for our algorithm to give us a buy alert to go long. Longby AlgoTradeAlert445
Do you guys realize…Do you guys realize this is the first time the MACD Monthly has turned bullish since February 2022? Do you realize how significant that is? DIAMOND HANDSLongby FibonaccivixUpdated 2219
GME & Roaring Kitty! Is party over? Roaring Kitty sold his calls for a lovely profit. Rolling those profits directly into common shares. He has no amaased over 9 million shares. Matching the exact amount of Ryan Cohen in 2020 This deep value trader is certainly not done with this stock. 06:15by Trading-Capital229
GME - A local Higher High is LikelyHello all, just a man following those pennies. The structure I am seeing on GME hints at a likely higher low to form Thursday (6/13/24). I do believe that there's a significant likelihood we see a bullish sweep, and looking at this overall structure I do believe a higher local high (above $34) will be made. However, the long-term picture of this, suggests a likely fall in price after this next move. Will be watching to see how this pans out, but I plan on taking a low risk trade in the Morning given pre-market isn't a slaughter below $22.85 range. Who knows, sometimes GME moves so fast and with such volatility we could gap up with insane momentum within the first few trading hours leaving me unable to take this trade. Even if I were to go short via puts/stock on the rise, the risk and gamma squeeze would leave me disinterested. Let's see how tomorrow opens. The pennies suggest a higher low. have a good one :)by ThePennyManUpdated 448
GME Demand Bounce Been doing some GME analysis lately and I'm long. I have a smallish position and plan to let it ride until 6/21, it'll work it won't. What I want to see for bulls is for Game to hold this $20 area where we have demand and horizontal support. If GME gives up this level, I think it could be a while before it regains some strength, unless.of course there is some sort of new catalyst or news event. I'm fairly concerned about my position due to the second offering GME announced Friday morning, which was once again right in the middle of a squeeze, just as it seemed it may actually get the momentum to start heading back towards ATH. Both times have been big failures and I don't see why this one would be any different,.but this is a top watch for me in the market this week along with all my other bearish plans and setups. GME and meme stocks could also potentially be one of the catalysts for a market crash and I'll have more on that later. I guess I should also mention that DFV's stream was mostly a nothing burger and a sell the news event, which is what I expected. I think the folks who keep building up these events as if it's suddenly going to trigger MOASS based on the idea DFV will exercise his calls is.just silly. But based on his latest tweet, it appears he's going silent again and we'll have to wait and see if and when we hear from him again. Very interesting stuff all over the market at the moment.Longby AdvancedPlays336
Don’t panic.All we did was move down to the 200MA 1HR this is typical of ANY stock…… Chill this isn’t a waterfall and not a crash We’re probably going to see a bounce as this is the accumulation stage. The only ones who got destroyed were same or next day options traders. My recommend is to buy the stock only as you can cut losses or take profits if and when needed Clear heads always prevail Diamond hands *As a kudos to Roaring kitty that guy is very honest posting his losses like that live stream to the world Longby FibonaccivixUpdated 2211
GameStop Technical Analysis (Y24.P2.Video1). Bearish Hi Traders, My thoughts on GME and what took place and what 2 or 3 scenarios I see taking place. All the best, S.SAriShort05:43by ssari334
gme long Hey, I've been watching the chat but don't yet have the karma to get into chat yet. so Here I'm publishing an idea. looks like we've been in the upper bound of vwap. i don't really know what that means but I think gme is going to touch 30 today and bounce back down. Longby spethoscope115
things may get spicy soon 🌶️🚀boost and follow for more 🔥 GME had a trend resistance zone break, retest, short trap below local support zone as the retest happened as well. I Like what I'm seeing, my moon senses are tingling ;) looking for a explosive rally to 30-40-58 once we can close above 19.74 long trigger 🎯Longby Vibranium_CapitalUpdated 343494
GME Breaking Down As ExpectedNot a surprise as I warned multiple times. Shortby RealMacroUpdated 50508
GME Gamestop Technical Analysis and Trade IdeaIn a recent video, I covered a trade idea prior to the Gamestop (GME) bull rally. Since then, we’ve observed a significant bearish movement. I’m closely monitoring the current price level for another potential buying opportunity, provided that price action aligns with my analysis from the video. The market is currently moving sideways, and if we wait for increased volatility above and below the range, we might be able to capitalize on a bullish trend by entering a break re-test and fail of the range on the 15-minute chart if we see higher highs/lows forming. The video covers critical elements, including trend analysis, price action insights, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and keep in mind that this information is purely educational and not financial advice. 🚀📊Editors' picksLong08:51by tradingwithanthonyUpdated 1313813
Simple Price Analysis and where I expect price to go.My simple quick 10 minute analysis on where the stock is and what I believe can happen unless breaks under last bottom side of new trend. Longby BullishTurtle117