The concept of a quick recovery running into overhead supply may be playing out in $SPCX. It’s starting to look similar to the Facebook analog. Time will tell.
LinkedIn was another great example. After going public in 2011, the stock suffered a huge six-week decline, then staged a powerful recovery almost all the way back to its old high. But it quickly became overwhelmed by overhead supply.
I didn’t start buying LinkedIn until the first quarter of 2013. That’s how long it took for the stock to absorb the supply, build a proper structure, and finally launch into a major move.
A great setup takes time to develop. You don't want the lowest price... you want the right price. The right price is the point at which the stock moves up into a strong price move almost immediately without hitting your stop-loss.
@traderstewie Merry Christmas, Stew! It's been a while. Always love your recipes/cooking tips content.
Emailed you a few days ago to a 2018 address. Lmk if you got it. If not, lmk best way to connect directly.
Love you man, all the best!
Updated perforance vs Indicies!
150%+ for the year with not much buyouts and crappy $XBI performnace!
No matter how big the account grow, I still practice same risk managament when my account was 1k!
@VolumeLeaders A+ for your effort to tweet in Spanish. More than happy to assist with translations in the future as you have been helpful to me with your tweets and stack.
@UndervaluedOnG Not sure your NTPS criteria is a good signal for longs as evidenced by the attached chart showing CL performance since Nov 30, 2022. Thoughts?
@jam_croissant It's funny, diversification & breadth expansion are widely seen as key drivers of sound investing & a healthy market. Yet when building a healthy society those with power who likely revere these principles ignore the blinking red light of wealth inequality & insist on tax cuts.
@jam_croissant Who knew? Nice Cem! Good to see the American People hold him accountable for his callous actions. Bullies show their colors when the fight is taken to them. He's a big crybaby.
The market is searching for a short-term bottom, says @jam_croissant. When will it find one?
🥐 Cem Karsan joins @OJRenick LIVE to share his latest market 𝗰𝗿𝘂𝗺𝗯𝘀: https://t.co/VhlWGjStdr
@AdamMancini4 need vix < 17, tsla > 400, nvda > 140 to trade higher. trade meaningfully through the above levels opens door to 6000 - 6020 - 6040 +
@AdamMancini4 I'm leaning on this turning into an abcde triangle into ppi and cpi next tues/wed. but I'll be trading price not predictions as you have taught me well.
vix breakout > 20, and mag 7 breaking down are my canaries.
@AdamMancini4 first, ty you 4 all the knowledge.
thoughts below. basing < 5917 > 5875 with vix below 20 + constructive for a mkt break higher. however, 👀 for downside resolving wedges, ie if we rally above 5917, lets say like to 5928 and then reject and breakdown below 5917, no longs 4 me