Elliott Waves with $GME isn't necessarily human nature. Fractals are coded into the shitadel algo and my application is essentially predicting the turning points that are pre determined.
quite the challenge lol
As of now, I'd say we're in something called a regular flat (think double top) obviously this is proven wrong if we break through today's 227 high.
anticipate 5 leg impulse down to retest today's earlier low of 193
I'm gonna go make breakfast now lol
@61point8 Where is your stop on this please? Do you have a general rule for when you cut your loss on a day trade if it goes against you? Like x cents or %?
@61point8 Yes, I don’t like holding near the money credit spreads overnight. String gap can give little opportunity to adjust before nearing max loss. The posted day trades are my favorite for sure!!
@61point8 Can you please, please record a video of today’s session? I wish I could make it live but I have a conflict. If you take questions during it I’d love to see you analysis of VXX and whether the setup is promising to go long. Thank you!!
@61point8 I love these type of notes where you tell us where you plan to stop out and where you plan to take profits in advance like this - thank you for that!!
@61point8 I’m late closing this and some others. Do you think there’s a decent chance for a sizable profit taking pullback and I should wait to close for that?