Every new uptrend I don’t get involved until a week or so after the bottom. The only time I’ve actually caught the exact bottom I felt smart but it didn’t come close to making up for all the losses from all the failed attempts before it
BuzzFeed $BZFD is cutting roughly 35% of its workforce, including employees and dedicated contractors.
The restructuring is expected to cost between $6.5M and $8.5M.
BuzzFeed expects the move to generate $29M to $32M in annualized savings, beginning primarily in Q3 2026.
Real wisdom in this post. That nuance matters. Without that kind of wise perspective, I think a lot of people abandon market filters too quickly and write them off as hindsight bias, or assume they’re too restrictive. @BlogJulianKomar - its so easy to tell the real from fake on this app.
I will be watching the memory names closely, $MU $SNDK $WDC $STX $SKHY, if $EWY can get back into the $182-188 level.
- Parabolic rally
- Broken structure
- Bounce much further than most think is possible.
- Reignite the P/E and bottleneck bros spirits.
- Then wash them all out again as leverage builds and everyone starts calling for new highs.
Scenario #2
- Chop between roughly $154-$205 on $EWY for another 3-4 months.
- Eventually reclaim the 50-day moving average.
- Volatility contracts.
- Price action starts behaving normally again.
- Buy the low cheat setup much later, similar to $NVDA in early 2024.
Avoid the chop in the interim on that group.
Gotta love claude
Built a app for manually collecting execution data for my setups - AI is great when u have valid use cases for it, this is much better than using excel haha
Great thing to do to build confidence in ur setups & build new ones btw
@Nickstro_ usually a lot of overhead supply to deal with on wide and loose charts, got to look left on the chart and consider how many bagholders are looking to unload
Just because the stock you bought is green on day 1 does not mean it’s favorable for more upside.
Wide ranges and chop should be accounted for.
A lot of times being up on these positions that have been in a wide range is a recipe for disaster as it encourages bad habits.
If you could go back to day 1 of your trading journey, what’s the single best piece of advice you’d give yourself?
I'm curious to see how many different answers there are.