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Sanrith Descartes

Sanrith Descartes

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My only warning to everyone. This market is only 1 tweet from a +/- 2% or better move in either direction.
 
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Tmac

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Moglyzoke Moogleman said:
Not trying to be a jerk but hasn't it been this way for a few weeks now?
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Consolidation.

Bolinger bands are a good technical to use during consolidation periods to see breakouts.

Here's a 10 day look at the QQQ. The bolinger bands are the trough the stock is consolidating in. The tighter the trough the more chance there is for a breakout. The wide the trough the harder it is to tell what it's going to do. But if you look at the March 11 date before my circles, it can still fake you tf out. It's a tool, not a crystal ball.

Capture.PNG
 
Hateyou

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Moglyzoke Moogleman said:
Not trying to be a jerk but hasn't it been this way for a few weeks now?
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It has been this way for a couple years now, and 1-2% is conservative. I’ve seen trump tweets and Elon tweets move shit by way more than that. You’ll see short tweets from people completely tank a stock double digit %s as well.
 
Zog

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This rally isn't being well received lol

Utter disbelief by many. Buying puts at every leg up and god help them if this really picks up steam.
 
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Furry

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Zog said:
This rally isn't being well received lol

Utter disbelief by many. Buying puts at every leg up and god help them if this really picks up steam.
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Inflation. Why haven't hesitated to just keep spending cash to buy stonks. Last thing I want is a big + in the bank.
 
Moglyzoke Moogleman

Moglyzoke Moogleman

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Furry said:
Inflation. Why haven't hesitated to just keep spending cash to buy stonks. Last thing I want is a big + in the bank.
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Money in the bank can't tank like a stock does. I know this doesnt apply to you but it certainly can apply to others.

And I'm familiar with how inflation degrades the value of cash over time. My point is there are worse things to do.
 
Furry

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Moglyzoke Moogleman said:
Money in the bank can't tank like a stock does. I know this doesnt apply to you but it certainly can apply to others.

And I'm familiar with how inflation degrades the value of cash over time. My point is there are worse things to do.
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I say this, but I have a 30,000$ check I gotta go deposit right now, and that money is gonna sit there with the rest of it until my new car shows up at the dealership. Like Blazin Blazin I have an irrational fear of debt other than my home loan. Fucking supply chain issues.
 
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Zog

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Sold on the knife down. Probably not the right thing to do but profit is profit.

Fed tomorrow will probably bleed all my gains anyways.
 
Sanrith Descartes

Sanrith Descartes

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I think today's action is disconnected from everything I read today. I see zero reason for this move upward. Every bit of info coming from the Europe and Asia I see is bad.
 
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Moglyzoke Moogleman

Moglyzoke Moogleman

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Sanrith Descartes said:
I think today's action is disconnected from everything I read today. I see zero reason for this move upward. Every bit of info coming from the Europe and Asia I see is bad.
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That's part of why this shit is kind of a joke. Stocks really do only go up on a long enough timeline.

*Edit - Just none of the ones I'm in.
 
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Sanrith Descartes

Sanrith Descartes

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Moglyzoke Moogleman said:
That's part of why this shit is kind of a joke. Stocks really do only go up on a long enough timeline.
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And that is what Blazin and I have been saying for a long time. The "long enough timeline" part is the variable thats hard to predict. Baring a nuclear holocaust, if you bought SPY today in ten years your value would be higher. Sometimes is becomes easy to get into the micromanagement of trying to perfectly time a low or other buy in price. Over a ten year horizon, the difference of 2 or 3 bucks on a share of SPY is insignificant.
 
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Moglyzoke Moogleman

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Sanrith Descartes said:
And that is what Blazin and I have been saying for a long time. The "long enough timeline" part is the variable thats hard to predict. Baring a nuclear holocaust, if you bought SPY today in ten years your value would be higher. Sometimes is becomes easy to get into the micromanagement of trying to perfectly time a low or other buy in price. Over a ten year horizon, the difference of 2 or 3 bucks on a share of SPY is insignificant.
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I keep typing out stuff then deleting it so I'm just gonna show myself out now.
 
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