/biz/ - Business & Finance

Btw does anyone remember the swedish TA anon that posted pic related? He told everyone to keep accumulating at the green area, take 10% profit at the orange area and 20% profit at the red area (just to ensure you stay profitable if something happened) and keep holding the rest? That was 3000% ago

>Tfw bought GME last year when rich swede TA anon decided to share his trade with us
>Only put one profit taking order to ensure I wasn't gonna lose money
>Still have 75% of my position left
COMFY

Just a reminder that TA is king

Reminder that we had an anon from last year that created almost a perfect chart for GME, you could have made ~250% if you simply bought at the green and then sold as soon as it reached orange or if you kept accumulating every time it went into the green you would have a massive position while being up roughly 100% now

>>16869977
Price action and trends, that's all you need.. shit like ACB is just too easy because it only has one area where price could head to for a potential bounce, the "problem" was the fact that it took 2 years for it to get there. But on the larger scale of things, trading price action trends is the best way to stay profitable over a longer period of time. So start learning. Also, let's not forget risk management. As an example, pic related is my GME trade that I have been posting here from time to time, obviously not every trade will work out perfectly but with stop losses and profit targets it doesn't even matter. Red lines were 10% profit targets, orange area was a 50% profit target and the red area on-top of the daily gap is where you take the rest of the position (which was 20% for me), but since GME have now tanked it stopped me out at 4.95. Literally just textbook stuff.

>>16524119
So what? Where did the idea come from that this turns the stock bearish as fuck? Many traders assume that very high levels of short interest is a bearish sign for a stock. But, it's the opposite. All that short interest represents stock that must eventually be bought back.
>"Very high short interest typically means a stock is a long way from a top"

The fact that you believe smart money will give you extremely easy hints as in "short interest" is just dumb. If I can say it myself, smart money will push the price higher, stop out/liquidate a shit load of shorters, enter their own shorts near the new highs (when dumb money enter longs because they think it's finally bullish) and then let it just die. We COULD be looking at $12 for all we know before it finally crashes, this is again why you trade important levels/turning points on a chart rather than simple text that tells you literally nothing.
I've been posting pic related (my chart) since I took the trade in early/mid august, so you could have been in a comfy long now if you simply bought back then

>>16064131
The plan is still the same as 2 months ago

>>15958244
GME wanting to fill that gap pretty badly, been waiting for this since august

Weekly reminder that I warned you about GME and the fact that you missed out on 50% profit

>>15697204
The fact that I need to post this all the damn time... gamestop is useless, they are dead as a company. But that doesn't mean traders and bots won't trade the TA for money.