Support/Resistance locations on the following tickers I will be watching this week:
$TSLA - Support ($243, $238, $235.) Resistance ($255-$258)
$NFLX - S ($374, $369) R ($384-$394).
$NVDA - S ($406.5, $403.5, $400). R ($420-$422). $META - S ($297, $293). R ($305 $312)
Struggling trader with a smaller account? The journey is going to be harder then you will ever imagine. There is light at the end of the tunnel but you NEED to do the work first.
Knowing the basics is essential in sharpening your trading rules/skills.
$FRPT Liking the looks of this descending wedge following the big earning's pop. Looking for break out of past week's base to top side of wedge. Small starter position.
I want to become an 8 figure trader.
But I won't ever get there without the right knowledge.
Here's a lifetime of wisdom packed into 6 threads from the biggest traders on Twitter:
QQQ weekly working on large C&H… if you are looking to short, a better scenario imo would be to break the handle higher then poke round 400 to ATH sucking more people in, late shorts capitulate, etc… then if we fail a breakout, all the people who missed the entire move higher can beat their chests that they are finally right and can point to their meaningless datapoints as the reason looool, I’m kidding I’m kidding, calm down. 🤣 I’ll tell you what happens after the fact 😂.
The market is an interesting place, whatever you think can’t possibly happen sometimes does, you just never know. Mark Douglas would always say that…”anything can happen.” One day at a time.
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The best setups should jump out at you within one or two seconds of looking at a price chart. If you have to spend more time than that, you are likely forcing something that isn’t there and isn’t ready for prime time yet. The market isn’t going away, when in doubt, give it more time. You don’t need to try and make money every single day. Don’t forget to go outside and smell the roses along the way, enjoy life.