Market Captain
9.5K posts
Market Captain
@MarketCaptain_
Supply & demand/consolidation exit trader. Sailing the sea of markets, sharing ideas to help others. Trade for income, invest for wealth. Not financial advice.
เข้าร่วม Ağustos 2020
582 กำลังติดตาม3.4K ผู้ติดตาม
$SNOW Monthly
Trading in range for 3 years and earnings on the horizon. Reclaiming 230 here would be huge.
Trade idea: Long > 227🎯
If trend establishes take 7-14 dte (or further out depending on risk tolerance) contracts. Run & roll them as long as the trend permits but not into earnings, take profits along the way. Roll into small position for earnings lotto.
230 is the key level here. Rejection there negates staying in.
Manage risks appropriately.
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@kpak82 Once I internalized that the bull or bear part refers to the preceding action and any flag, pennant, wedge can resolve up or down regardless, it effectively doubles the amount of resolution setups you are prepared to take.
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$TSLA Best way to learn is from personal experience. Trading rules are made after you get humbled and the pain will last for a while.
You will now remember that bull flags can be bull traps and that the market isn't your friend.
kpak@kpak82
Most people that are new to trading only think about what they might miss out on (FOMO). What they don't consider is what the downside potential and risk will be. $TSLA (weekly) is currently a failed bull flag breakout. Prior failed bull flag breakouts averaged about a -40% drawdown.
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@Widelady Distribution back to origin on lower volume now going sideways and reversing. Even a kill candle will probably be bought here, healthy retrace.
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$QQQ
Exiting the banana, hard to sustain that acceleration but did hold the major volume area from the last few weeks.
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@FSTrades This and $PYPL have probably created more opportunity cost in the past year than any other tickers
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@CordovaTrades Julia try Jolibees - that Filipino fried chicken spot
It’s fucking fiyaaaaaaaaaaaaaa 🔥
C R I S P Y
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The world would be a better place if KFC was consistently delicious like it used to be back in the day.
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@FSTrades Personally this is a wait and see if it can firm up. 4th knock on that support means residual demand may be expended and that wick down could be revisited on any weakness, the volume on the sell on the last day makes me think the first bounce will be short lived. Knife catch.
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@801010athlete Agree, more characteristics of a quick sharp done flush
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I’m back on the $NVDA train. Quietly putting in very constructive action. That last double bottom turned into a base on base. Technically a flat base due to correction size but more of a cup w handle look. RS line has been turning up. Main focus name next week . .
Con’t 👇🏻
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$LMT
If this 2 day chart is not sexy AF. I dont know what is
Daf * Stretch Candle*@dafster17
$LMT Still loving this one. Jumped into some Dec 15s which still hold all the call flow from a few weeks ago and piled into some Jans. Think this has the making to really get busy. Peep that four day pennant and the volume within it
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@YocumsCharting Short fixed income was one of the most successful trades of the last two years, breaking with a lot of historical precedent. It probably became crowded and is now doing a lot of unwinding after the peak and the island top at the end of October. Levels seem unresponsive so far.
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@dafster17 Classic move, monster gap down on earnings, price goes back for the boys trapped on the island, they get their exit into the llamas.
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Kind of wild. I look at so many charts. It doesnt matter if your a bull or a bear right now.
It literaly is about rotation and postioning yourself where the capital is going to roll.
I saw so many accounts a weejago pumping $GOOGL going to the moon. Sure its early. Could bounce out this hard but there entries at that time sucked
These were "influencer sized accounts" 50k+ to be honest. 3 monster accounts.
Fcking llamas
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$PLTR for today/Monday needs to hold in this cluster of red candle opens maybe down to green rectangle and fire hard back over $19.17 at minimum to keep direct upside in play
PharmD_KS@PharmD_KS
Video posted. Covers a TON of concepts that can be applied across multiple timeframes and asset classes even tho it happens to use my $PLTR 5.95/6 long as the example. It’s also longer than my . . . Wife’s stories so luckily you have the long weekend.
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