I think there are ultimately 3 types of trading. Speculation (gambling), reaction (scalps), and anticipation (positioning). And positioning/swinging is such a strong tool in one dimensional game.
@champagneszn777 the first hour was tough but once we got over the level, straight up lol that's why no daytrade for me today, just managing my position.
knew last week that they were going to make it hard for new york traders to catch a wave....
@patel_marshal@satymahajan The idea is that previous day opposing party lost control, gap above/below the previous support/resistance and opening gap retracement could be considered as a break and retest.
@patel_marshal@satymahajan When you look at spy chart and if there is a significant opening gap compared to the previous close, most of the time you want to trade with the direction of the gap. Unless we step into opposing htf support/resistance
We have dumb retails saying SpaceX ipo is a full on retail liquidity grab before the dump. All the big firms are buying more than the retails while retails are flexing 1 share of allocation. Do the math
An update on Pershing Square USA, Ltd. $PSUS:
Β
Since its IPO on April 29th, PSUS has deployed nearly 85% of its capital in 12 companies including Amazon, Microsoft, UBER, Meta, Brookfield, Restaurant Brands, Fannie Mae and Freddie Mac at prices we believe to be extremely attractive.
Β
The PSUS portfolio, along with the other Pershing Square funds, also includes four new companies, which we will disclose at the time of our second quarter report.
Β
As a result of our investment activity over the last six weeks, we believe the PSUS portfolio is now invested in a number of the highest quality durable growth companies in the world, which are trading near their all-time lowest valuations.
Β
Furthermore, as of this moment, PSUS is trading at a ~20% discount to the net asset value (NAV) of its underlying holdings so a buyer of the stock at todayβs price is acquiring the current portfolio at a double discount. We believe the PSUS discount to NAV has emerged due to short-term technical factors related to the IPO that should moderate over time.
Β
Pershing Square management and affiliates are all-in, having acquired more than ten million shares or $500+ million of PSUS in the IPO and in the market thereafter.
β¨In summary, we believe PSUS and its portfolio holdings represent an extremely attractive bargain at todayβs share price and we have put our money where our mouth is.
@HouseDemocrats He had a plenty of time. So did democrats to do something about this atrocity but here we are. Democrats retards with twitter finger. You know that people voted you guys so you guys can do your job of check and balances at the expenses of taxpayersβ money? Absolutely useless
@satymahajan Yeah didnt see a good set up for me so stayed away while just watching my swing position.
Looking forward to your step by step day analysis!