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I'll add a couple more levels: Level 4) can read charts short term into the future...set accurate profit and stop levels based on price targets not random percents. Level 5) can read charts weeks or months into the future and set entry and exit points accordingly. I could provide multiple...

The question is what is the NFLY price derived from? Is that their net asset value? Yeah I'm leaning towards BITO as they currently pay 1.21 per share. Yeah as mentioned if the etf isn't going to track the underlying, then I might as well buy the underlying and pay myself a 5% yield per...

I never traded futures because options make more money...and also I could never understand pips. I think 99% of retail who trade futures do so because they think it sounds cool....also forex. The overnight and interest fees make it counter intuitive to hold a position long...and I hold Loooongggg.

How is that a lesson? He drew a "channel" lol.

You're chasing unicorns support and resistance levels don't exist. :)

This is from their website. "The funds do not invest directly in the underlying stock or ETF." "Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value...

Another share offering...I knew something was cooking. What a pos. Why would you want to buy in an uptrend? You are just raising your break even. I buy during down trends...same as the hedge funds. Here are my GME results: $16k after being assigned shares prior to the May runup. Then I...

I'm out of this dumpster fire and put everything into BITO. I also converted MARA into BITO...monthly dividend plus swing trade profits.

What did I miss? Did price even move after earnings? Just eyeballing it looks like a huge triangle....but a 10% move would probably indicate a 3 wave....?? Are you asking for me to chart GME for you? :)

I knew it! Price hit the 3rd profit level today. This is why you don't trade when you are broke....the ONLY advantage or "edge" (I hate that term because nobody has an edge) the ONLY advantage you have over the market is time and capital.

No earnings call???? What are they acquiring something?

Thought we were talking about Wyckoff. Now you're bringing the ancient Dow theory??? LOL what are we trading gold and wheat? There are no professionals in this business not when it comes to technical analysis. :)

What are you talking about? Wyckoff is just a crude form of Elliott wave lol... It's only slightly better than stage analysis . If you don't want to learn Elliott wave, that's one thing, but don't try to say the Wyckoff offers more. I literally posted a chart with Wyckoff superimposed over...

Fundamentals? You aren't going to beat the market trying to use fundamentals with all the inside information being passed around, the AI, algos, HFT pouncing on any breaking news, teams of analysts dissecting earnings reports...the fundamentals are always baked into the price for a retail...

Is this such a terrible idea to turn all the GME locations into a food franchise? How much are the stores revenue? There are 6,100 locations so 5B revenue/6100 stores = 819K. If we are generous and say that half of the sales from the brick and mortar stores...which are always empty, then its a...

Anyway so I am expecting a pump up to 28 today would be nice before the rug pull...or who knows maybe the market thinks they are going to beat. I don't think so because Cohen still believes he has inherited a brick and mortar company. What I would do: Sell/close all GME stores or turn them...

Sure if you don't want to be driving around in a (2008) Lambo! btw she uses Elliott wave so she should know better than thinking external factors affect stocks.

Got this email today from IBKR on the earnings. So a 14.7% move puts it at either 27 up or 20 down. According to my sheet, if price hits 20 tomorrow morning, the 21 long put will be worth $1249.51 and the 20 short put will be worth $732.21 The net for the spread is $517.30. I essentially...

Wykoff developed a crude form of EW. He was on the right track, but Elliott improved upon it massively. This mysterious force wychoff thought manipulated the stock market was the fibonacci levels. Go to a bar or a grocery store and watch the lineups. When it is busy you will see the line up ebb...

Why is everybody just ignoring that I posted an example of wychoff...that's everything you need to know right there...no need for a book. Just learn EW instead.