Looking for dogs, alphas, and/or gorillas. Made this account to build a stronger trading community and find people that give a shit📈 The goal is in the name 🔑
$VIX 20 Breakout🚨
All about 20 from here on, last time we rejected here
Bulls need to be patient and not do anything stupid
Bears can count their money with VIX strategy shorts
$SPY $QQQ
What is The Space Economy?
In the graphic below, I have laid out:
- Launch and Propulsion: $RKLB $FLY $GE SpaceX
- Satellites: $PL $ASTS $BA $MNTS
- Components: $CMI $HON
- Data Analytics: $BKSY $PLTR $SPIR
- Materials: $USAR $ATI
- Comms: $VSAT $IRDM $SATS
- Networks: $VZ $T $TMUS
- Defense: $NOC $LMT $LHX
- Sensors & Power: $MOG.A $STI $BWXT $TDY
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Lesson here.
Don't change your trading rules on taking profits etc because of bad trading moves prior.
Don't let your recent situation change the way you should pick your winners and trade them.
If you’re under the age of 40 or void of responsibility remember that economic decline and resetting of asset valuations is how you get “generational wealth buys” like our boomer family members who bought houses for rolls of quarters and a firm handshake
My thoughts on the market right now.
This is not a market for newbies to trade in.
It all changed when Trump took over and now it's Tarrifs on Tarriff off everyday.
Every tweet changes the trading.
We knew this would happen and now it's here.
Use your salary to invest in passive income until your passive income replaces your salary.
Forget a better-paying job with longer hours and a corner office.
The goal is freedom, not bigger handcuffs.
For the last few years, $SPY has operated fairly predictably: A large base, a breakout with 3 pivot points, then a large base again.
We just false broke out of the most recent large base, and to me this represents the first real spot of weakness for the market since aug 23'
Exhibit A) $SPY breaks out of it the long term bottom base
Exhibit B) After an arduous first base, again we see a breakout with 3 smaller pivot points
Exhibit C/D) much deeper base, longer run out, again seeing 3 pivots. Through election as well which spurred the run into the most recent base
Current moment, seeing SPY false break above the base in the run up to $NVDA ER, the most prolific in recent years.
If we don't see broad upside participation through that event, I'd imagine a longer base or haircut is in order. See Nvidia setup below: