James Moorhouse

7 posts

James Moorhouse

James Moorhouse

@James13371865

Katılım Kasım 2023
19 Takip Edilen3 Takipçiler
James Moorhouse
James Moorhouse@James13371865·
@Lost1million @AnvaTrade @ghostface0101 Do not do that. Get yourself out of the hole first then consider whether to continue. Buy companies, not stocks. Play with options with 1% of your portfolio. Find a guru you trust. Michael Oliver, Gary Savage, Silver chartist. And Learn from them.
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I Lost $1M in the Stock Market 😲📉
I’m going to fucking throw up. Lost that remaining $1k I had. My bank account has $0. I wish I never fucking found trading. I’m posting this so everyone that sees this can convince themselves that this is the fucking devil at work and STOP TRADING. FUCK. ME. FUCK.
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James Moorhouse
James Moorhouse@James13371865·
@garysavage1 How far do you think the S&P can go? The current ATH is 5670 do you think it can go to an even higher ATH or is that the Top with a possible sideways churn?
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James Moorhouse
James Moorhouse@James13371865·
@garysavage1 What is the name of the chart program that you are using? I am trying to learn how to read charts myself and I quite like the look of the one you are using.
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Gary Savage
Gary Savage@garysavage1·
When I say it's time for metals and miners to take a rest I suspect some people think I'm saying the sector is dead again and that's all there was. A quick flash in the pan and it was over. That's not what I'm saying. Virtually all markets go through periods of intense buying pressure followed by periods of consolidation (unless they are moving into a bubble phase). It takes big institutional money to move a sector significantly higher. Smart money doesn't think emotionally, like retail traders. After a big move smart money will take profits and start looking for other sectors that aren't severely overbought or stretched too far above the long term moving averages. So after a big move you lose that big money buying pressure for awhile. Two good examples of this were uranium and energy stocks. I warned that both had made huge moves coming out of the 2020 bear market bottoms and would need extended periods of consolidation before another big leg up could begin. I don't think miners will need to consolidation nearly as long as those two markets, but they've had a very large move in a very short period of time with a major resistance zone right above. Odds are once that resistance zone is fully tested (maybe this coming week) metals will probably need to consolidate below that level for a month or two. So yes I think we are going to get to $2700-$3000 in gold, and GDX will at least test $46 before this year is over. But traders will need to cool their emotions for a month or two and let the buying pressure build up again. This can occur either with a couple of months of churning back and forth below resistance, or a quick move down to retrace 38-50% of the rally. The retracement scenario is over quicker and presents a better buying opportunity, so in my mind is the better trading setup. Easier to spot the bottom and more potential, especially if we can get a 50% retracement. The churn scenario is harder to spot the final bottom and not as much potential as price starts from a higher level.
Gary Savage tweet mediaGary Savage tweet mediaGary Savage tweet media
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James Moorhouse
James Moorhouse@James13371865·
@leslibless Super clean. That smoke is actually Dragon Fruit incense to cover the stench of the uncultured rural folk. Absolutely nothing else.
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