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Off-Topic Stock Market & Crypto Discussion
- Thread starter Bird4um
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ELI5?
It's in an ascending channel pattern. From a purely technical standpoint, when the price is in the middle of the channel, you usually don't take a position--often wait for the price to hit the upper or lower bounds of the channel before taking a position if you assume that the stock will continue with trend.
That said, I have absolutely no knowledge about the stock other than that. It could go to $1M a share tomorrow for all I know....
Inverse head and shoulders looks to be forming on PLTR...could be a good sign.
I feel your pain... that's why I went 75% cash last week. I don't like the way this market looks or feels right now. I am being very picky about what I buy.Well I just lost the most ever in 1 day. Over 5% negative.
I feel like a effin genius got out of small caps last week and picked up more BRPHF. Meant to buy DMGGF today at the open, but the day got away from me- ****!Well I just lost the most ever in 1 day. Over 5% negative.
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Appreciate the explanation!
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Welp this materialized faster than expected. Ouch.
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Sure is. My personal stock account had been rolling until today and put the 401k on a money market fund a couple of weeks ago.....think im going to keep it on the sideline for a little while.
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Checked this morning. Was down 5%. Had a four hour call with the IRS. Checked at close. Was down .5%. Not sure it was worth the pain of the call but not a terrible day all things considered. However, this yoyo is tiring. Contemplating taking some profits and going more cash.
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I’m somewhat new to the stock game but it was a blood bath for me the last few trading days.
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Diamond hands.
It feels like things need to or will move back to value but it is hard to not still look at growth stocks. I also abhor short term capital gains, so sometimes taking profits is not easy for me.
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Anyone here invested in SCHW (own shares, not have your brokerage on there). Breaking out quite a bit, but their assets invested has exploded in the last year and it seems like a solid number of the Robinhood crowd is moving there after the GME saga.