We are probably the smartest investors of all of Reddit
Price back to $373 per share and pumping super hard
Going 100% into GOOG is great
We are becoming rich very quickly
Price back to $373 per share and pumping super hard
Going 100% into GOOG is great
We are becoming rich very quickly
We’re moving back up to all time highs
I have a feeling we are going to gap upward and bust through $370-380 soon
Citadel definitely does not want to keep funds of gambling man who thought he was him
Literally 4x leveraged and forced to liquidate this week lol
Then the market pumped his shit 30% the following day, and sent it back down on Friday
My prediction is Thursday was massive amounts of profit taking
I don’t think citadel is holding onto German boul’s shares
They probably want to get rid of that shit immediately and lock in a guaranteed profit
Remember, German boul was forcefully liquidated. Someone had to buy the shit that he made. Did anyone actually want to buy it?
No. Because 4x leveraged shares are regarded
See y’all fooks on Monday
Right now Micron and Sandisk have ran up very high in price in a short period of time
At the moment, the price charts are clearly showing signs that these stocks are reversing and crashing down
But when you mention this to anyone on Reddit, they all will downvote you
The people holding these stocks fully believe that Micron for example, is going to continue to boom to $1500 or $2000 per share by the end of this year (it's currently at $846)
Even though it's been on a downward trajectory for the past month and completed technical reversal patterns on the daily charts
My question for psychology experts is: why are these people thinking this way?
I really think this is an interesting case for a psychologist
Because this experience is very real. These Micron investors are not faking their behavior. They genuinely believe that the stock will pull off some wild recovery and launch to new all time highs
What is actually happening in the head of these people?
Surely they all just can't be gamblers?
Maybe it's sunk cost fallacy? Or something else?
Interested to hear your expert view on this
We are now attempting to leave earth’s atmosphere
I’d like to thank everyone for buying your tickets at $320-$325, and I’m very glad that you took the time to show up to the station and come on our moon trip
I am the captain for this trip and I will have you know that we are riding safely on our rocket ship upward to the moon
We did experience a little bit of turbulence yesterday, but we are back on track and making our way towards the moon once again
At the moment we are currently leaving Earth’s atmosphere
So sit back, relax, and enjoy the rocket ship upward
The crew and I will provide another update once we get closer to the moon
Enjoy the trip!
And please don’t mind the folks on Earth that decided not to participate on our moon trip
The crew and I will do our best to ensure they do not sour our experience!
To the moon we go! 🚀
Saw an oversold RSI on the 4 hour and price touching the EMA 50 on the daily
Was good enough for me to place a trade so I took a chance and put a stop loss below recent lows
Trade ended up working out much better than I thought, has been nothing but straight pumping
I'm gonna let it run for another hour and a half then close it out, maybe for 4R profit?
Cheers
Massive head and shoulders technical pattern confirmed on the daily chart
This is a very interesting end to this memory saga
Months ago people were jumping into DRAM, hyping it up like crazy. Riding a wave upward and happy about the gains
Saying things like "Man, I'm glad I pulled the trigger and bought when the ETF came out"
Now it looks like we're coming full circle. The crash back down is in process
This is why you stay away from hot products that just come out
The biggest lesson to learn from this is that if you are a new investor, DO NOT stray away from VOO and chill
You end up finding ETFs like this, getting suckered into them with tons of hype being built, and are stuck holding a bag when the inevitable crash happens
Godspeed
We are now headed to the moon
Tickets were selling for $320-325 to join us
If you did not purchase your ticket on time I’m sorry
But we are all strapped in and lifting off now
Next stop is the moon! 🚀
Everyone on board hold on tight!
UPDATE: Anyone who is making rude remarks to us as we lift off will be blocked. We cannot have sour people spoiling our trip. We are excited to go to the moon and it’s not our fault that you missed out and did not buy a ticket. You are not allowed to spoil your fun
Get your tickets for the rocket ship
We are taking off this week
Once we depart, you will no longer be allowed to buy tickets
So buy your tickets now and be sure to show up on time at the station
We will be rocketing up to the moon
Get your shares now, buy as much as possible. This is the bottom
Trendline connecting previous lows on the weekly and price near the EMA 50
You won't get another shot, this is the moment
Not financial advice
On the daily we've got price closing multiple times below the EMA 50, acting as a level of resistance. Price also recently touched the EMA 200, signaling that the market is moving from an uptrend to a potential sideways consolidation
The area above the 50 EMA looks like a good position to place stop losses when placing trades on lower time frames. Acting as a reliable area of resistance to avoid getting stopped out
Zooming into the 1 hour, we've got an initial uptrend indicated by price touching the EMA 200 and rallying upward
On one of the previous upward rallies, price made a lower high and then made a lower low. This allows us to draw 2 trendlines and connect these points, identifying a widening descending channel
Price then rocketed upward toward the 70% Fibonacci retracement point based on the previous leg downward. This 70% point is an excellent place to open a trade during trending markets, taking a trade in the direction of the trend.
At this point, I'm confident that the new short term trend is downward. So I open a short position at this retracement point, with a stop loss placed above the highs that I've identified on the daily chart
Of note, price is currently right around the 0.7000 price point, a psychological whole number that acts as a level of support/resistance. My estimation is that price will break downward through this level leading into the London session, and then continue downward as we progress through the New York session
Anticipating to close this trade the next day around 11:30 AM EST, booking some profits
Let's get it
This is over a long stretch of time, such as years or hundreds and hundreds of trades taken
If anyone is showing your proift numbers of over 100%+ years or 1000%+ years, they are definitely going to blow up their account
They're basically risking far too much money and it's just a matter of time before they end up blowing up and losing everything
Omg..... the first jailing was back in December of 2022
It's been almost 4 years of this
I swear, he's never gonna get out of jail at this point
It's like they're constantly targeting him and will never stop