The Market Could End Up Flat On Its Back (INSANE profit potential)
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- Опубліковано 18 жов 2024
- We quickly cover how the market is likely breaking down, how YOU could make money on it, and HOW much! If the market retests the previous support line and confirms it as resistance, the crash is on. My computer kept crashing while recording so my apologies the requested tickers weren't included in this video. They are on my radar and will definitely be released in the next video. As always, best of luck, cool cats!
For the best viewing experience please switch to "Higher Picture Quality" to see the charts more clearly.
If you're looking for a channel where you can grow your trading and technical analysis skills and be part of supportive community, look no further! Come for the cats. Stay for the technical analysis.
*Financial Disclaimer:
I am not a financial advisor and in no way is the content portrayed within my videos intended to be perceived as financial advice. The information provided is solely my personal opinion and is for entertainment and educational purposes only. Patterns are not guaranteed to play out, and often play out in unexpected ways. Trading stocks, bonds, ETFs, futures, or any other investment vehicle carries significant risk and you may lose all of your initial investment, or in the case of shorting you may lose substantially more than your initial investment. Past performance of the markets is no guarantee of future results.
I am also not a tax professional. Please seek guidance from a licensed financial advisor or tax professional before making any financial decisions.
I am in no way affiliated with or endorsed by Charles Schwab, Moomoo, or OptionStrat.com and I have received no compensation from them.
As always, thank you SO much for your support!
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Now I'm wondering if I should be ready to play inverse ETFs or stay out of the market altogether!
Thanks for your comment! I made a community post revealing a potential conflicting bullish pattern on SPY, but the lower support line of the massive rising wedge would have to break and not act as resistance for it to occur. I will be releasing a market update video this weekend going over all the ways this could potentially play out. Best of luck, cool cat. 😼
Thank you for this video. Could you explain briefly how you calculate the 'support lines'? If you can share any resource, I'll be happy to study it myself.
Thanks for reaching out! I briefly covered how I determine support/resistance lines in my "How a Day Trader Actually Trades" video, but I may dedicate a video just to that in the coming week or so as well. Best of luck!
@@DerpyTrades thanks, I will check it out. Do you think it's better to buy puts with longer term expiration (hence more expensive), or keep tracking the market and buy short term DTE (less than 7 days) and keep generating profits?
Just a quick heads up, I actually JUST released a support/resistance "how to" video because I value you and the community. As far as what to buy, that completely depends on an individual trader's risk tolerance and account size. Personally, I am holding a few puts on the overall market that don't expire until the end of the year, but there is the potential they expire completely worthless and I lose the whole premium paid. I would recommend anyone to speak with a licensed financial advisor if they are seeking personal financial advice.
@@DerpyTrades thanks for the insight! I will continue to monitor your channel and I hope we all make some $$$ 😉
Thanks so much for your support! I aim to make each video at least 1% better each time.
Too much jargon. You aren't going to reach a larger audience like that. That's great that you know all these terms and things, but if you're trying to reach a broad audience, you're going to have to include novices as well.
Thank you for taking the time to give me this insight. I really value constructive criticism. I try to briefly define terms that I think may not be as widely understood. Were there particular words that seemed too much like jargon?
@@DerpyTrades Things like "negative gamma," "bovinger band," or "ichimoku cloud" are terms that I know nothing about. Then again, this could just be a video that YT shouldn't have recommended to me (maybe I'm not your target audience), which is why I didn't dislike or anything like that. I don't know what your goals are with your channel. If your target audience is people that would know this terminology already, then you can disregard my statement.
Thank you so much for the reply. My goal is to share knowledge that I have gained about the markets that may be beneficial to anyone. True financial freedom is possible for people that know how to position properly. Definitely not financial advice, but sharing what I have found to be most helpful.
Forever bull
Best of luck!
Maybe 80/20 Bull - 100% of the time.
As it should be.