ryan tan

trade journaling. not advice

[ryan tan @ryantangential]

$STRL had a PEG with high volume. Retraced to gap support which happened to coincide with 21ema. Made new high on 4 Jun. Retraced in line with broader market on 5 Jun. Hammer printed on 8 Jun at 8ema.

[ryan tan @ryantangential]

https://t.co/DVDpkCrgs2 Triple Crown Swim for St Luke’s Hospital 30th Anniversary

[ryan tan @ryantangential]

Entered around end of first candle 2 contracts. Increased up to 6 contracts. Sold otw up. Closed all by 7th candle. 請多指教

[Brian Shannon, CMT @alphatrends]

WHY SUPPORT AT KEY LEVELS?

When a stock (or market) in a strong uptrend falls quickly, it is natural to look for the stock to bounce, that is where technical analysis comes into play

We look for a "level of interest that has the potential to become support"

Those levels could be a moving average, like 20SMA, 21EMA, Fib retracement level, AVWAP level, prior resistance etc.

The key is to understand what happens at those levels because they are not magic levels for a stock to bounce.

Think of the short sellers who are looking for a quick kill, they will consider those technical levels as a place to begin to cover because they "often are support." This removes supply from shorts and turns them into buyers (demand) in that area.

Sidelined cash who missed the big up move, look to those levels of interest as a place to get involved in the long term trend, more demand.

Short term traders looking for a bounce know those areas often become support so they stick a bid in, more demand.

Big funds who sold some of a large position into strength but still have large long exposure stick bids in at those levels, more demand.

When one or more of these levels of interest line up together it makes it more likely to become support because more participants come to the same conclusion (it doesnt make sense to sell here and maybe a place to cover a short or buy/add to long) in the same place.

Where does the supply come from? Often it doesn't which is why a bounce does materialize.

The key (as always) is to know your timeframe, wait to see the evidence of buyers taking control and then know where your stop is and manage the winner with stops trailing up under "the most recent and relevant higher low" for your timeframe.

If you made it this far, please RT it, this is super important concept.

[ryan tan @ryantangential]

Wk 3/25

[ryan tan @ryantangential]

MSTR

[The Factor Report @PeterLBrandt]

An Olive Branch to $XRP holders
Accept it if you will, reject it if you must, but I offer it with good intent
Over the years I have taken some hard shots at you and your $XRP asset. I admit my rudeness.
You've now had your chance to return the "favor." I get it. Some of your comments were well deserved, some outright uncivil, others funny and creative.
Yet, let me explain the motive of the criticism of earlier years.
In 1981 I went "all-in" in futures trading. I started with a pittance and I had to build my account and support all my family's needs from my trading account's profits.
What I learned early on was the absolute need to protect my capital.
$XRP has repeatedly over the years lost 80%, 90%, up to 97% of its value to $BTC which I consider to be the "store of wealth" standard.
As a trader needing to guard my capital, holding onto a speculative asset losing 90% against a more stable asset is the definition of insanity. A further definition of insanity is doing the same thing over and over expecting different results.
It is not so much this roller-coaster ride of XRP/BTC that I have made fun of -- but rather the dogmatic, obnoxious, often unintelligible defense XRP holders have spoken during periods of great unrealized losses.
It is that attitude I have been critical toward, not you personally and not the fact you've been committed to make your lives better. This pursuit I applaud.
I joy in your success at present. As a career trader nothing makes me happier than to see other speculators climb the mountain successfully. I would never disparage your success, only your attitude of defending 90% declines against an asset with more stability.
I am not allowing replies to this X post. If you accept my Olive Branch, thanks for your graciousness.
If you decline it with only rude or gross feelings, that's your choice.
Be assured that I have made my last X post about your precious XRP. I wish you the best with this asset.
My faith has never been in a trade or an asset. My faith is entirely based on my approach to cut losses quickly and allow for profitable trades in whatever asset I've held to grow. I will stand by that faith. And I stand by my belief that any asset that routinely can lose 80% or more against a more stable asset is an insane way to grow wealth.

[ryan tan @ryantangential]

Bought last Friday near high of day.

Gapped up on earnings. Consolidated for a few days. Made new high. Went back down and rebounded off 9 ema.

Stop is around the gap up area.
1R is approximately $11.

[ryan tan @ryantangential]

I will post my trades here to hold myself accountable for my trading.

[The Mindfulness Meditation Institute @TrainingMindful]

“Be yourself. People don’t have to like you, and you don’t have to care.”

[Trading Composure @TradingComposur]

Here's an interesting fact:

We've 4,000 weeks in our life, give or take a few weeks.

If that doesn't make you reconsider your priorities, I don't know what will...

[TradingView @tradingview]

Stoppp

[ryan tan @ryantangential]

First post