simrik

07/08/2024 @eminem is my twins 😂 @x is just my memoirs 📝 & I appreciate nice 🍒 & 🍑

[simrik @iamsimrik]

07/08/2024
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[Hims House @himshouse]

🚨 BREAKING: $HIMS IS NOW PARTNERED WITH KLARNA, PER TRUIST

- Klarna payment plans offered for 6-mo GLP-1 subscriptions
- Truist estimates Klarna likely charges $HIMS ~3% per transaction = $36 per 6-mo transaction

[Peter DiCarlo @pdicarlotrader]

📊 This is the most important S&P 500 analysis you’ll watch all year.

We’re doing a full top-down deep dive to see if the Santa Rally is still on or if a major correction is coming.

I break down why I’m still bullish, what needs to hold, and when I’d flip bearish.

🎥 Watch the full S&P 500 deep dive before year-end 👇

[Prof @TheProfInvestor]

Two things I want everyone to memorize:

1. Investing in the market on your own always involves more risk vs having a fund manager manage your money. Reward is also 5x more.

2.If you had 80% YTD gains, and gave back 5% of it- learn to become comfortable with it. You cannot continue winning without giving some of it back. The only way your portfolio can make new highs every week is by buying exact bottom and going 100% cash at the top. ( Both of which are impossilble to do )

Have done this for 15 years now. And I there are no execeptions.

[Prof @TheProfInvestor]

Here is a simple rule book around long term investments.

- Buy companies which are leading not lagging

- Buy companies which see dips buyers vs continue dropping

- Buy companies which you dont have to worry about owning

- Buy companies you can hold for 1 year at the very least

90% of people call themselves long term investors but fail to check more than two of these rules.

I am concerned for them.

[Prof @TheProfInvestor]

Two tales:

$SPY New highs
$RSP Divergence

Nov is extremely bullish seasonally.
It is going to be interesting.

[simrik @iamsimrik]

@TigerLineTrades

[simrik @iamsimrik]

@TigerLineTrades Getting no where tho....lol

[MarketMaestro @MarketMaestro1]

Palantiring Formation: What Is an Ascending Scallop?

This formation, unlike the classic cup+handle pattern, does not require a handle correction. When the price breaks the neckline level, momentum increases rapidly, and the uptrend usually continues with a steep acceleration.
The corrections in between occur as short but sharp pullbacks, which indicates that the trend is maintaining its strength.
My friend @cantonmeow compared the bullish nature of this formation to Palantir’s historic rally and named it Palantiring.
Indeed, the name perfectly captures the essence of the formation a strong, fast, and accelerated rise story

[The Long Investor @TheLongInvest]

Your Screen Saver

The sooner you understand how price action moves

The easier investing becomes for you.

Wave 1 - Initial Interest bouncing from a deep undervalued position.

Wave 2 - Early buyers and traders trim profits until Wave 2 confirms its higher low support level.

Wave 3 - The Masses enter, it is the most aggressive wave, people are now convinced of the assets potential and its growth trajectory.

Wave 4 - Shorter pull back compared to Wave 2, as this is small trims after an aggressive Wave 3 move.

Wave 5 - Traders jump in again and final adds, beginners and retail chase here, believing this will only keeping going higher and feel disappointed they missed the early run, parabolic moves are found in Wave 5.

Parabolic moves typically indicate the Top as euphoria kicks in, valuations become extended and unrealistic….an ABC pull back then follows.

The pattern is then repeated.

This is found on every chart that has ever existed because humans do not change, only their surroundings. $SPY $SPX

[The Long Investor @TheLongInvest]

If you

- Buy on support
- Do not chase
- Have patience with price action
- Understand Fundamentals
- And protect your Portfolio at all times from unexpected variable factors

Then it is extremely difficult to fail.

All of this is within your control.

[simrik @iamsimrik]

@Prof_heist Learned that freaking hard but it still pains to this much red 😂

[Daily Naruto @NarutoDaily_]

😭💔

[The Long Investor @TheLongInvest]

Market Makers would love nothing more than to squeeze a few more percentages out of you between now and the end of the month

They will test and trigger you to free up liquidity

Don't be a statistic.

If you hold undervalued positions you should be leaning on adding shortly

Those that chased lately are likely more exposed....but you knew that already didn't you.

[Prof @TheProfInvestor]

Market continues fading off 9EMA.

Need to get above that to carry the momentum higher.
A lot of short term pops happening so if you got lucky landing a few wins- Taking profits isnt going to make you go broke.

Taking profits = reducing risk.

[simrik @iamsimrik]

$GEVO

[Vivek Sen @Vivek4real_]

SOMEONE JUST OPENED A #BITCOIN SHORT 30 MINS BEFORE TRUMP'S TARIFF ANNOUNCEMENT AND JUST CLOSED WITH $88,000,000 PROFIT

HE OPENED THIS ACCOUNT TODAY 👀

[Prof @TheProfInvestor]

They are not even hiding it. 😳

Just 30 minutes before Trump announced 100% tariffs on China, someone opened a massive, multi-million dollar leveraged Bitcoin short.

Two hours later, that trader walked away with $192 million in profit.

[The Long Investor @TheLongInvest]

$PLTR is still at $181....this is not a market correction yet

This will be one of the biggest casualties of the market decline

As long as it stays at these elevated levels, the market is still ok

[simrik @iamsimrik]

@Prof_heist Love it… thanks for all you do @Prof_heist it’s always a pleasure learning from you !!

[simrik @iamsimrik]

@TheLongInvest DM ed u