Over the decade I've been following and writing about cryptocurrencies it has become a reliable indicator when "friends that don't know much about crypto ask me about crypto" that we are approaching a top. Right on November 24th I had a text message exchange with a friend I had not heard from in a long time. He asked if I was watching XRP. I am careful to not...
So for those that were patient and were following my last post about ABNB I just got an alert that it finally broke the IPO day high. At this point there are different ways to structure a good trade both in terms of entry and in terms of risk. Entries: Take a breakout now... this is for the FOMO traders out there that are afraid of missing the move! (I find...
Following a hold of a 50% retracement late November to retest the top of the established range NASDAQ:AAPL this week has confirmed a break of the 125 level. It has the momentum to retest the ATH with a high probability. The overall move this year did not perform a full retracement pullback to the 50% Fibonacci level. Instead it only held the 38.2%...
It has finally happened as has been clear for the last month that Bitcoin would reach and then, following some volatility to stop out some greedy over-leveraged folk, break it. At this point for those asking me I urge patience and to resist the FOMO. I wrote about this eventuality back in November and cited Gold as the possible model for playing (or avoiding)...
They all sure look like Bitcoin COINBASE:BTCUSD charts right now... So, what exactly is going on one might ask? The US having printed 22% of all Dollars in existence in just the past year could have something to do with all of them.
As traders look forward to the year ahead some may be extremely nervous about buying stocks at all time highs. We can never know when the pullback is coming but indecision is a decision in itself so we must do something. One way to alleviate some of this trepidation is think about allocating our stock portfolios based upon volatility. In this video I take an...
I was listening to an AMA yesterday from a rather popular, no-BS, trading educator whom I will not cite because of Tradingview House Rules... He spoke about "unconsciously incompetent" ideas that new retail traders have. One of which is that they chase momentum. They think that because something is UP a lot it is that much better of an investment. This is a...
I drew this up for a user who asked more detail about the IPO playing strategy I have discussed before. It's important to look at the worst case scenarios (rather than the best case) when evaluating ways of trading. The guidelines are simple to base a trading strategy around: Wait for the high of IPO week Wait for the break Take a pullback to that level ...
In this video I look at the spread between the price of Bitcoin on Paypal and BITFINEX:BTCUSD on other exchanges. Is there an opportunity for profit in that difference? What you'll find by the end of this video is the true meaning of "mass adoption" in cryptocurrency...
A friend asked a very good trading idea question: Can we profit from additions and subtractions to stock indexes? The addition of NASDAQ:TSLA was a very public event this year and definitely led to a bull run in that stock. What about other stocks that were added and removed this year?
A Tradingview user sent me a request for an analysis of NYSE:BB . The reason I make my videos is to help new traders and his question had a lot of great talking points to address. Hope this helps everyone and not just those invested in this particular stock!
Some major volatility just came into BITFINEX:XRPUSD . A "whale" or big sales spiked the market down and probably triggered some stops. This defines the price action and could be a launchpoint for the weekend.
After earnings NASDAQ:SRPT tanked HARD to what was a prior support at 126.53 where I had entered back in September. I watched this closely with a residual positions to see if it would hold it or break the level. I wanted to have some skin in the game for SRPT to retest the highs for the long term. So far today it looks to be holding that level as it has...
No. You'll see it. There is no need to start loading up on AMEX:SPY Puts every time the market has a down day. The market will reveal itself with price action if your are patient and contrarian. There will be opportunity to profit from a real bear market move with lower risk and higher probability than trying to catch the top. Corrections and crashes only...
Stories aside about a vaccine and return to normal I like the price action of NYSE:RCL . What the price has done is brush up against the 50% retracement level several times this year and finally has broken above it for a week and come back this morning to spike out and confirm it now as support. This presents a great LOW RISK trade because you know where your...
NASDAQ:CRSR is flirting with the Danger Zone
There are plenty of opportunities to benefit from your "SUPER BULLISH" case on whatever the stock is... but day one being it has a horrible track record. IPOs are not done to make YOU wealthy!!! Including today's NASDAQ:ABNB My video is not all FUD. I show a simple way to play them with a better chance...
My last video got a lot of traction where I was critical of people that buy IPOs on the day of offering. There is a better way! When you see it and how simple it is... you will laugh! Even if you believe in the company, have done your DD, and are ready to make your investment based on fundamentals this method will help you avoid drawdowns and increase your...