1/4: A lot of friends & family asked me how I started. My story is pretty straight forward. During graduate school, I started to learn about investing 11 years ago. My first $1500 purchase was a penny stock- KNKT. I lost it all, it was the best $1500 lesson I could have asked for
@ShawnieMD Congrats on being an ohmie! You’ve made the right decision, but I don’t need to tell you that- you’ll see with time how smart your decision was! Welcome aboard and enjoy the 3,3 community.
@elonmusk Great work shedding light on this. Just something to note @elonmusk - It is estimated that as of last year Ethereum consumed between 20 and 25 terawatt hours annually; that is roughly one sixth of Bitcoin's expenditure.
Update $QQQ: No volume to break above the resistance, so down we go to next support. Market seems exhausted and can't seem to find a support. Looking at S1 for short term support, if that fails S2 needs to hold or else we need to start raising cash for better days.
👀 Use Fibonacci retracements as a tool to find potential supports, good retracements for support are 38.2% (.382) and/or 61.8% (.618)...working well for $TSLA
1/2➡️Often time, when I see an undecisive market, I take a look at the $NYMO (NYSE McClellan Oscillator). This allows me to ignore all the noise and see if we are due for a short/long term bounce. Looks like we are approaching a short term bounce!
2/2➡️First, when the Oscillator is positive, it generally portrays money coming into the market; conversely, when it is negative, it reflects money leaving the market.
Second, when the Oscillator reaches extreme readings, it can reflect an overbought or oversold condition. 📈
1/2➡️Often time, when I see an undecisive market, I take a look at the $NYMO (NYSE McClellan Oscillator). This allows me to ignore all the noise and see if we are due for a short/long term bounce. Looks like we are approaching a short term bounce!
Update $QQQ: No volume to break above the resistance, so down we go to next support. Market seems exhausted and can't seem to find a support. Looking at S1 for short term support, if that fails S2 needs to hold or else we need to start raising cash for better days.
@BobbyAxelrod__ Agreed with all of it! I also love the fact that $FOUR doesn't actually have to rely on third parties for their payment processing so they have a huge competitive advantage in terms of pricing vs $SHOP
Update $FOUR: Wow! this one is resilient, hit new ATH in the meantime recently. Could see a new Darvas box forming..remember these find support around 15-20% from the recent highs as pictured below. Could find support around low $80s for a swing trade higher.
CEO Jared Isaacman founded $FOUR in 1999 from his parents’ basement. Revenue up by 10% vs the previous yr and acquisition of 3dcart ecommerce platform. I am long $FOUR since $45. It just broke out to a new ATH today and the MACD is positive. Looking for continuation higher.