B Memo

Trading for financial freedom. Just a record of my own thoughts; not financial advice. Currently mostly trading US stocks with a preference of ETFs.

[B Memo @brother_memo]

Most people think and react like this:
1. Stock goes up
2. ‘Oh it really goes up!’ Then buy.
3. Actually the stock has hit resistance; that’s why it has halted and retraced a bit.
4. ‘Oh it’s going down!’ Then sell.
5. Repeat 1. That’s how people buy high and sell low…

[B Memo @brother_memo]

@dannycheng2022 Will try my best

[B Memo @brother_memo]

Thanks to $ASST and crypto related stocks, my small account seems to be doing well and picking up steam. Staying humble.

[B Memo @brother_memo]

@dannycheng2022 The hash brown is good enough for me to keep buying as well. And a cup of Latte every morning…

[B Memo @brother_memo]

$MCD: Somebody is asking whether rich people have this app on their phone.

@dannycheng2022

[B Memo @brother_memo]

@BitcoinAIGuy Why not both

[B Memo @brother_memo]

$CIFR: On the daily chart a huge wedge seems to be forming, obviously with some wick downs (bear traps) and wick ups (bull traps) along the way. This pattern often resolves to the upside and this is my how I see it going forward. Break the upper channel and it will skyrocket.

[B Memo @brother_memo]

$BE: I don’t want to add insult to injury but selling low ($250) and buying high isn’t the way forward. Well at least they took profit at $269.

[B Memo @brother_memo]

$TSLA: Cooling a bit after the gap up run and the dome shape is playing out with pre market price plummeting to where the yellow line lies. Healthy pullback is how I see this.

[B Memo @brother_memo]

@dannycheng2022 Thanks for the compliment but I always believe I am not smart enough. ‘Stay hungry, stay foolish’

[B Memo @brother_memo]

@dannycheng2022 @blondebroker1 @sheslee @HeidingOut @stockmom @RosannaInvests Already following four, now followed the other one!

[B Memo @brother_memo]

I trimmed $HOOD when it was around $100 and got into $ETH and funnily it turned out to be an unnecessary move...at least not a 'wrong' one. I still have multiple positions from the 70s and 80s, so I'm OK!

[B Memo @brother_memo]

@StonkChris You describe sentiment accurately. I used to be one of them but I’ve become more rational than emotional

[B Memo @brother_memo]

$BB: Heading lower on the weekly chart…? Support is ready and I think will hold if price gets there

[B Memo @brother_memo]

@Freedom_By_40 No need to feel upset

[B Memo @brother_memo]

@dannycheng2022 This looks reel sized. You’re entering the IG reels realm?

[B Memo @brother_memo]

@dannycheng2022 Glad I sold

[B Memo @brother_memo]

$CIFR: Yes it broke line 1, but line 2 is still intact and we can see a wedge pattern forming from the price compression between lines 2 and 3. Not 100% guaranteed, but this pattern usually resolves to the upside. Compare with the previous purple one and you can see it.

[B Memo @brother_memo]

@chad_ventures It’s b…ish