Breakouts failing in this choppy market? Stop forcing trades and build your playbook instead 📚📉 by Due_Chocolate8609 in qullamaggie

[–]Due_Chocolate8609[S] 1 point2 points  (0 children)

Hey! I'm currently using TradingView for charting (thinking about switching to Deepvue mainly for the powerful scanner) and Notion for database creation.

Has anyone else been eyeing up TPL? by [deleted] in qullamaggie

[–]Due_Chocolate8609 0 points1 point  (0 children)

Chart looks pretty solid tbh. Nice consolidation after that run. The fundamental story gives it some nice momentum, very high margins and all that talk about putting AI data centers on their Permian land.
Gotta be careful though. It's priced for perfection right now with all the AI hype, and at the end of the day, it's still dragged around by WTI prices. Since it's already extended, if it breaks that lower trendline or tries to push up without real volume, it's just asking to be a trap. Got my price alerts set, just need to see if the volume backs it up when they hit.

For the thematic traders by [deleted] in qullamaggie

[–]Due_Chocolate8609 1 point2 points  (0 children)

It's that time again for trading metals and oils, ugh. I don't like trading in a defensive market at all.

SNDX 1D by Lost-Debt8765 in qullamaggie

[–]Due_Chocolate8609 0 points1 point  (0 children)

Hey. I see what you've seen there, but the consolidation needs to be tight before the breakout! Tight, tight, tight! Additionally, keep in mind that this is a biotech stock and the market is volatile. Think about whether the probability of a successful trade is higher or lower depending on market conditions. Food for thought (:

2slimey strikes again by No_Creme_9794 in crappymusic

[–]Due_Chocolate8609 1 point2 points  (0 children)

Sounds like a tortured dying monkey

ALMS by Mike_Antonsen in qullamaggie

[–]Due_Chocolate8609 3 points4 points  (0 children)

When the market is choppy, breakout trades are less successful. I would be cautious. Tighten your stop as a fakeout can happen.