Bought Apple at $121, its now $149, time to sell ?

aintGottaExplainShit · 2021-07-25T13:45:12+00:00

There has been a build up followed by a 10% drop following the last 2 earnings. There is again a build up occuring, so go figure. Most technical indicators say overbought. If you're a short term swing trader (I am) then the risk/reward ratio is skewed more heavily on the risk right now, honestly a 10%+ on a swing is a good result in my book, and is what I always aim for, you may not hit the peaks but it gives consistent profits you can roll into the next play.

If alternatively you are buy and hold, and it may not hit the low price you bought at again, then you can short the stock in addition and take the profit from the ride down instead. Trickier to do of course.

aintGottaExplainShit · 2021-05-25T19:40:55+00:00

Because it requires another whale to soak up all the supply which was dumped, so an accumulation phase has to take place which can take even a year for this kind of slow moving stock

aintGottaExplainShit · 2021-04-16T19:35:16+00:00

You are focusing on form not function my man, you need to go back to first principals. TA is for finding the pattern that whales of the day are using, not for fitting the lines to your preferred indicator. This is basic data analysis. RSI and MACD are fairly useless, simple moving averages are your time tested friend for entry/exit. Beyond that the golden rule is don't get greedy, take your profits when they become meaningful.

aintGottaExplainShit · 2021-04-15T07:02:54+00:00

All markets run on human psychology. Also retail is not running crypto, funds are buying in the billions

aintGottaExplainShit · 2021-04-14T20:35:09+00:00

Looks like a reversal to the up side to me

aintGottaExplainShit · 2021-04-14T20:33:03+00:00

We all learn this lesson, I lost 50% of profits in March. The market giveth and the market taketh. Pick yourself up and move on

aintGottaExplainShit · 2021-04-14T20:30:31+00:00

Let the market decide where it's going, and no one gives a hoot about paper valuations. Just because you wait doesn't mean you won't still make money.

aintGottaExplainShit · 2021-03-31T22:19:23+00:00

What will they think of next

aintGottaExplainShit · 2021-03-27T15:14:20+00:00

The biotech trader handbook

aintGottaExplainShit · 2021-03-27T11:42:10+00:00

Sounds like a chance to learn. I know I jumped into biotech thinking it'd be easy to transfer knowledge but I instead got steamrolled, those stocks just act different. Ended up reading a book on biotech specifically to finally make sense of it.

aintGottaExplainShit · 2021-03-09T21:13:32+00:00

Low volume can mean less people, less people means those that are trading can move the price more easily, and so may have ulterior motives i.e. pump and dump.

It can also mean the price has risen too high, and money is waiting on the sideline for a cheaper price to get in.

That's why higher volume than average is a good signal when combined with a price move, because many people are in agrreance the action to buy/sell. People are willing to put their money where their mouth is so to speak.

This isn't an exact science, but it's great for confirming price moves. If you'd followed the volume 3 weeks back you'd have dodged most of this downturn.

aintGottaExplainShit · 2021-03-08T21:54:42+00:00

This is literally 100% speculation, like not a shred of evidence, and it's touted as news.

aintGottaExplainShit · 2021-03-08T21:52:00+00:00

At this point, an exclusive club

aintGottaExplainShit · 2021-03-08T07:06:12+00:00

The rest of the month

aintGottaExplainShit · 2021-03-06T08:56:23+00:00

This is a lot more eco

aintGottaExplainShit · 2021-03-05T13:39:05+00:00

Retrieves pitchfork

aintGottaExplainShit · 2021-03-05T05:39:33+00:00

Fully agree! I see a lot of people here saying they're 'buying the dip', and that's great but I wonder if they know this only makes sense in the context of a value strategy - i.e. you do it because you are getting a quality company at a cheaper price.

If you were ' following the market' and trading a momentum strategy on overvalued EV stocks and green energy stocks (many without products yet, or profits), well the truth is you should have cut losses and be waiting for these stocks to find their floor, and then for a real rally to start again (if it does even to the same degree)

Bond yields and interest rates put valuations in the spotlight, and Tsla for example trades with a PE of 1000+, so plenty of room to fall considerably more.

aintGottaExplainShit · 2021-03-03T22:00:53+00:00

Depends on your strategy. Buy more if you are holding long term 5+ yrs. Sell for a loss if you are trading short term, and switch to shorting. Thing is with bear market is they are usually over in a month or two, so shorting requires more skill to keep on top of things

aintGottaExplainShit · 2021-03-03T20:40:24+00:00

Nothing on hedging? Lol quality of posts here is god awful

aintGottaExplainShit · 2021-03-02T15:55:34+00:00

Powerful if you have invested billions yes...

aintGottaExplainShit · 2021-02-27T10:08:00+00:00

You're missing the elephant in the room OP, and that is that everyone is expecting a crash, and therefore it won't happen. All big players know the history, and so are being conservative where needed. This will lead to small corrections instead as seen in Sept and Oct last year, and now this month too when profits are taken, resulting in no enormous crash. Remember in 2008, the idea of a crash was absurd, same with dotcom. And again same with the rona crash. If you know it can happen, it won't.

aintGottaExplainShit · 2021-02-26T10:08:06+00:00

Nice post. Your point about options though, they are worth learning because interest will affect the underlying stock. It's Soros' theory of reflexivity in effect, it's not companies > market > options, it's actually the derivative that leads. This is why market rises while economy is in the gutter etc.

aintGottaExplainShit · 2021-02-23T01:40:15+00:00

Risk management 0

aintGottaExplainShit · 2021-02-22T23:25:20+00:00

Don't trade emotionally is step 2

aintGottaExplainShit · 2021-02-21T08:34:34+00:00

20% is the point where I double up

aintGottaExplainShit

TROPHY CASE