@RealSimpleAriel When you understand Bull Flags they will show up in your equity curve.
This one for me was like a Cup & Handle out of a "low cheat". Not in a stock but in my own trading ๐
A screenshot showing my entries and exits on #BTCUSD
Shorted. Covered, and got long (too early so stopped out Breakeven)
Got long again after I noticed a powerful setup (bears getting trapped) and this time it worked greatly.
#Bitcoin#trading
@Chasingpaperbro@RandyOpper@Clement_Ang17 Probably doesnโt matter if you are a trader. Goal is to be just 1 or 2 steps ahead, not 4 or 5 or 6 - that's for "investors"
Market is pricing for a probability of ~25% that Ian Garry wins. They are probably not seeing the full potential of this irish boy. In my view it's around 40-50% and therefore worth taking the bet (reward to risk ratio = 2.15 to 1)
Positive Expected Value
If you are very bullish on a stock and buy your maximum position...
...at that point you become a bearish influence on price
Why?
Because at that point you become a source of supply
Mark Minervini's books ๐
Sooooo empowering.
I've listened to @markminervini for countless hours through webinars and interviews, but his written material is on another level.
Not reading his 4 books is missing out on a huge opportunity
#glued_in#cantputitdown
@Crowded_Mkt_Rpt This for example is a swing trade ๐
A scalper would exit just a day or two after the entry. A swing trader waits for more reward and may sit through some pullback (natural reaction)
**entry shown with arrow
@Crowded_Mkt_Rpt A style of trading that tries to capture multi-day to multi-week trends. A swing trader generally has a batting average in the 30 to 40%, so they go for a R:R thats above 2.5 or 3 or more. Some go for a lot more than that.
Current price reading is that the H&S Top has now 'morphed' into a wedge (that could become a bull flag)
- characteristics of Volatility contraction #VCP
Break of edge of the pattern = exit my short initiated on April 7th
#oil#crude#enjoytheride#trend#reversal
I placed a small bet for the possibility of Strickland's victory.
if I lose, I will be down 80 $
if I win I will make 366 $ (R:R ratio = 4.57)
if there is a probability >18% of Strickland winning, then the bet becomes +EV โ in my measures (absolutely subjective) it's ~40%
#edge
Sean Strickland Vs Khamzat Chimaev is a major event.
And everyoneโs expecting a Khamzat domination.
At -500 odds, youโre risking $500 to make $100.
Now Khamzat IS a beast. Heโs ran through the division but his early fights were easy style match upโs. His biggest test was Gilbert burns when he chose to use his standup.
-He has never faced a heavy hitter like Sean.
Usually heโs been tactical and has chose to use his greatest weapon: wrestling.
But this time itโs different. After the things Sean said, he doesnโt want to just โwrestleโ him.
-He wants to smash him into pieces.
(And that can make him vulnerable).
Sean caused upsets against Du plessi and Adesanya and has shown relative takedown resilience. His shots land and he does great damage with those jabs.
Heโs never faced a wrestler like this. But this time I think Khamzat wonโt wrestle like he did with Du Plessi. Itโs going to be a mix up.
He wants to knock Sean out and make a statement. He wants to HURT him.
I think he comes out striking. -Prove me wrong.
There is no sense betting Khamzat with the risk involved of an upset.
Because if Khamzat wants to stand and trade striking with Sean, itโs not going to be so easy.
Khamzat winning this fight will make all right in the world of UFC.
But if Sean wins? Itโs a complete backwards world. Mass hysteria. Mass outrage. He divides and he offends.
The racist redneck winning flips the word upside down. It gives him a bigger platform. A bigger voice.
Iโll be watching this play out and looking forward to the battle of the middleweight division.
Whoever wins, Nassourdine Imavov is next.
#UFC328
Current price reading is that the H&S Top has now 'morphed' into a wedge (that could become a bull flag)
- characteristics of Volatility contraction #VCP
Break of edge of the pattern = exit my short initiated on April 7th
#oil#crude#enjoytheride#trend#reversal
Oil now looks like a Head & Shoulders Top to me. Looking for a Low-risk entry point to Short more.
Dow? Broke the "frozen roppish" bear channel and could be in a Major Trend Reversal. To add? Need a Higher Low pattern.
#readingprice#charts#respectRisk#mastery
Oil now looks like a Head & Shoulders Top to me. Looking for a Low-risk entry point to Short more.
Dow? Broke the "frozen roppish" bear channel and could be in a Major Trend Reversal. To add? Need a Higher Low pattern.
#readingprice#charts#respectRisk#mastery
@GRRRIZZLYBEARR@coinfessions Lol. A lot of people can and do win in a lot of "markets". What's hard is not to give back the profits. What's hard is not to become greedy when you see the ๐ค