rahimdavis

rahimdavis

Now as I mentioned earlier in post dont get me wrong that there is a potential play. But because of a crypto that first started from a meme photo of a dog named Kabosu in 2010 which is my main measurement. A ton of folks say buy and hold but this coin has been around for 11 years. If you look at all the other crypto currencies that are still around, Litecoin,...

rahimdavis

If you look at the weekly trend on Riot Blockchain it may be breaking out of this down channel that has been highlighted on the chart. Look for the price to rebound around 38 and 40 dollars level and find a bull position to ride it up. There are alot of plays you could do with this price movement. You could buy the stock, you could buy a leap, you could buy a...

rahimdavis

A big reason that no one is talking about the reason why crypto has adjusted its price is kinda 2 fold. First off since the pandemic bit coin is up 1200 percent. you heard me 1200% there is not a stock on the market with this gain potential in years......But also alot of big whales have money connected to hedge funds as well as exposure to bitcoin......AMC is...

rahimdavis

So this is the difference between a trader and a speculator. A trader has not even started investing in COIN. Why you ask......the main thing is there is not enough trendlines with moving averages that show price fluctuations up or down. A stock will never just jump up and not be afforded because the whole idea is people want to participate to make the stock...

rahimdavis

Currently selling puts 10-14 days out to capture small %11 profit.... may get assigned and end up owning 100 shares and I'm ok with that ...Why because they paid me 20 bucks already. So i got to buy 100 shares at worth of 2.75 for 2.55 that may not seem like much but i also reduced my break even point by 11 percent so i'm closer to playing with house money instead...

rahimdavis

Except the jackpot shrinks every week instead of growing.....

rahimdavis

Any skilled Spades or Domino player will tell you that even though you cant see your opponents hands watching the table is important and key to how you dictate what you play in your hand. The stock market is very similar in the sense that VOLUME is key to price action and understanding what stage a stock is in its cycle ....(Accumulation, Consolidation,...

rahimdavis

Instead of buying 100 shares with 2500 you can get 100 shares potentially cheaper. If you sold a put on the $25 that would have 140 days until it expires (jul 16 2021) you would get paid $580 dollars (5.80 x 100 shares) to have the shares "PUT" to you for selling the put. If it never gets to $25 in the next 141 days it will expire worthless and you keep the $580....

rahimdavis

Think about today being an opportunity to look further past your own two feet and think about the future. The short term future like spring/summer. Six Flags will be recovering and although I am bullish on the stock I do expect a price drop. Now is a good chance to position yourself for the uptick of their traffic coming back through the doors and kids going to...