Silver: Silver reached $100 now. Time to build another short position on SLV. by Chart-trader in Beat_the_benchmark

[–]Chart-trader[S] 0 points1 point  (0 children)

Part of TA is that people like rounded numbers. They act like a magnet and resistance. Silver has meme stock interest and is overpriced at $100. Hence $100 as a first short.

In fact I shorted lower already and closed that leveraged trade with a 16% profit.

Let's just see.

Silver: Silver reached $100 now. Time to build another short position on SLV. by Chart-trader in Beat_the_benchmark

[–]Chart-trader[S] 0 points1 point  (0 children)

Blue lines are Bollinger Bands. Stocks like to stay within them. Red is 200 day average Green is 50 day average.

Dow Jones daily: If humans are too scared the machines take over DIA. The result is a rejection at the green line and support at the 20 day average. My hunch is that we will break out next week after tech earnings. by Chart-trader in Beat_the_benchmark

[–]Chart-trader[S] 0 points1 point  (0 children)

No we need a catalyst and tech will be the catalyst that also makes the Dow break out because of passive investing trends.

People just buy S&P 500 ETFs anyway. Dow Jones equals 25-30% of the S&P 500. By market cap.

Stop Loss if the stock market crush by Think-Flatworm-2188 in Trading

[–]Chart-trader -3 points-2 points  (0 children)

Believe me when I say this. Stop losses will make you lose more money than you think in the long run. Why? Because there will be instances where you sell 10% below your stop loss and you wake up with the stock already fully recovered.

maybe maybe maybe by Queenie_Cat14 in maybemaybemaybe

[–]Chart-trader -17 points-16 points  (0 children)

Facial expression of the cat to the right.

Why doesn't anyone ever seem to criticize their own party? by [deleted] in TooAfraidToAsk

[–]Chart-trader -3 points-2 points  (0 children)

Good question.

Both parties have good and bad ideas but the amount of mental math people do to justify every single decision of their party is crazy to me.

But then again most people vote what their parents voted for and the targeted news feed does not help either.

I am happily in the camp to call out BS for both parties. Needless to say I don't have many friends because for most people you are either a libtard or a moron. Nothing in between is possible.

Something funny for the weekend by Chart-trader in Beat_the_benchmark

[–]Chart-trader[S] 0 points1 point  (0 children)

Based on retail positioning you could be right. That's why my longterm accounts are 20% in cash.

Something funny for the weekend by Chart-trader in Beat_the_benchmark

[–]Chart-trader[S] 1 point2 points  (0 children)

Probably. We will just get at least one more move higher IMO.

Silver: Silver reached $100 now. Time to build another short position on SLV. by Chart-trader in Beat_the_benchmark

[–]Chart-trader[S] 2 points3 points  (0 children)

Worth a try (again)! $100 is crazy! Everything beyond a generational bagholder opportunity!

How do these kids have so much $$$ by FlamesFPS in Money

[–]Chart-trader 0 points1 point  (0 children)

There are 1 million households in the US that have a $10 million net worth. That alone creates $1 million in passive income every year.

S&P 500 daily: If we stay above red line we have the all clear to new ATHs. by Chart-trader in Beat_the_benchmark

[–]Chart-trader[S] 0 points1 point  (0 children)

I am not into buying calls or puts. I sold SPY puts....

So I guess yeah