stock tok etc.

[PredsFan77]

buy commodities

[mayoradamwest]

I actually just bought a coffee

[Ricard_Persson]

A hot tip came in to the desk.

CNSX: HUGE

Insanely risky, closed at 38 cents yesterday.

[Craig]

But what's the upside?

[Ricard_Persson]

Probably 200%-300%, I don't know. It's up 32% today.

I didn't buy any yet.

[Craig]

... It's not....HUGE?

[Ricard_Persson]

It could be huge. I've been slacking, have been 100% cash since selling SHOP a few months back. Missed a couple runs on RCH. HUGE is probably one that I should put a little bit in and forget about it. It's not on Stockcharts since it's new and small and it's weird, but it's like I can't "see" it unless I see the chart. I feel like I'm buying blind.

Speaking of charts Currency Exchange is crazy. So sideways and so even every day since May. It's gotta go to the next level soon. It's got a great base at $30. And some large buys over the past while.

http://schrts.co/PTqe6f

[Ricard_Persson]

I guess I should have bought some HUGE.

[Ricard_Persson]

So I'll try and buy some HUGE at 40 cents. Not sure if it will get that low. Possibly. I don't like putting and order in but I think I will leave an order at 40 cents for a few days. A bit dangerous if it really tanks but long term 40 is safe,

Shopify with a nice breakout after in closed over $193 and now has leveled out the 50DMA. I should have bought, just didn't pull the trigger. I think it will probably run to test $232 for a third time.

http://schrts.co/jdNpBi

[Ricard_Persson]

I bought some more shopify. I don't know. It should go up? Chart looks decent? 4/20 is coming next month to Ontario so maybe the baked sales numbers will be better than expected.

[Ricard_Persson]

I bought some more shopify. I don't know. It should go up? Chart looks decent? 4/20 is coming next month to Ontario so maybe the baked sales numbers will be better than expected.

[PredsFan77]

[Slick Nick]

I bought some more shopify. I don't know. It should go up? Chart looks decent? 4/20 is coming next month to Ontario so maybe the baked sales numbers will be better than expected.

Hindsight is 20/20 but the chart looked pretty bad on sept 19th...

double topped, MACD way off, TD sequential 7, heading for resistance.. you should be buying breakouts or support, never potential breakouts after a double top, you bought straight into resistance.




visit me at http://www.MSpaintcharts.net

[PredsFan77]

Wtf is a sequential 7

[PredsFan77]

Also the double top and declining MACD (or RSI) is called divergence

[Slick Nick]

Also the double top and declining MACD (or RSI) is called divergence

Didn't want to get too technical.

Wtf is a sequential 7

Tom Demark sequential indicator... not the best indicator but I always found it helpful to visualize momentum.

Daily Shopify chart: The red lines are "red nines" and indicate buying opportunities... pretty much indicates seller exhaustion. Tomorrow is going to be a "red nine", technically a good buy but the market looks very much like it's about to take a dump... pretty much every major stock is on or near a red nine..next few days are going to be make or break for the whole market.

[Dog]

Guys, you peeps are basically doing horoscopes.

[Slick Nick]

Guys, you peeps are basically doing horoscopes.

I came to the conclusion that indicators are pretty much self fulfilling prophecy.. if everyone uses them, then they dictate the market. If every one sees that the RSI is way overbought, people start selling and the price falls, then when it's way oversold, people start buying... if you're cautious and patient, use stop losses, then you will make more better trades. This being said, long term investment is a different thing, but weekly and monthly charts are helpful to find a good entry point.

[Slick Nick]

DJI weekly with TD:



Every buy signal except for one (2008 crash) was a great entry point, same for Shopify, same for pretty much every FANG. While people are panic selling because the market is dropping, you're waiting patiently for a buy signal, buy, set a stop loss about 10% lower than your entry point. It's a better way of trading than just buying whatever you feel is a good investement without any actual idea of where the market should be heading. If you have 5 or 6 indicators telling you it's a really good time to buy, well, it should be... if it goes lower, then you lost 10% and wait to find another opportunity.

[Slick Nick]

Had a quick look at ICOs. Seems like the stupidest way to invest (unless you have money to launder).

I invested some dust in this one...

https://windingtree.com

wish I invested more than some measly dust..

They just added KLM, SuissAir and Austrian as partners... probably money laundering and stuff.

[Dog]

Guys, you peeps are basically doing horoscopes.

I came to the conclusion that indicators are pretty much self fulfilling prophecy.. if everyone uses them, then they dictate the market. If every one sees that the RSI is way overbought, people start selling and the price falls, then when it's way oversold, people start buying... if you're cautious and patient, use stop losses, then you will make more better trades. This being said, long term investment is a different thing, but weekly and monthly charts are helpful to find a good entry point.

No doubt prices are about future expectations and psychology plays a large part into that. That said, it still doesn’t mean charts are effective. Lots of players out there, with the bulk being far more sophisticated institutionals. You’re right that the long term game is different. Long term, well diversified, geographically and by sector, on a market cap basis, you’re basically betting on capitalism surviving (which long term has to have earnings above inflation). Short term momentum trades, my take is that you’re unlikely to beat supercomputers transacting in miliseconds. Happy to be shown otherwise, as in studies showing a clustered outperformance from certain retail chart based traders over time (there is next to none for active fund managers and my understanding is that retail based investing returns even worse). There is a few « free lunches » in the public markets, but they are very costly (in terms of volume and time) to uncover and the market self corrects -opportunities quickly disapear as money pours in. In a world of massive multi-billion institutions with deep algorithms and powerful computers mining for arbitrage and other opportunities, I don’t think there are many free lunches left for retail investors to devine by looking at charts.

Could be wrong. Just sharing because to my understanding studies show this type of retail investing to not outperform a passive index strategy and I thought I’d share. Do with it as you will.

[Dog]

Had a quick look at ICOs. Seems like the stupidest way to invest (unless you have money to launder).

I invested some dust in this one...

https://windingtree.com

wish I invested more than some measly dust..

They just added KLM, SuissAir and Austrian as partners... probably money laundering and stuff.

The problem with ICOs is that you are not buying an ownership stake in the company. A company’s earnings and assets (and thus value) is held by its shareholders. Coin issuances are issuances of thin air (without legal ownership rights). You can make money in stupid bubbles, just have to ensure tou aren’t the greater fool left holding the bag. Not my type of investing.

[PredsFan77]

Guys, you peeps are basically doing horoscopes.

I came to the conclusion that indicators are pretty much self fulfilling prophecy.. if everyone uses them, then they dictate the market. If every one sees that the RSI is way overbought, people start selling and the price falls, then when it's way oversold, people start buying... if you're cautious and patient, use stop losses, then you will make more better trades. This being said, long term investment is a different thing, but weekly and monthly charts are helpful to find a good entry point.

No doubt prices are about future expectations and psychology plays a large part into that. That said, it still doesn’t mean charts are effective. Lots of players out there, with the bulk being far more sophisticated institutionals. You’re right that the long term game is different. Long term, well diversified, geographically and by sector, on a market cap basis, you’re basically betting on capitalism surviving (which long term has to have earnings above inflation). Short term momentum trades, my take is that you’re unlikely to beat supercomputers transacting in miliseconds. Happy to be shown otherwise, as in studies showing a clustered outperformance from certain retail chart based traders over time (there is next to none for active fund managers and my understanding is that retail based investing returns even worse). There is a few « free lunches » in the public markets, but they are very costly (in terms of volume and time) to uncover and the market self corrects -opportunities quickly disapear as money pours in. In a world of massive multi-billion institutions with deep algorithms and powerful computers mining for arbitrage and other opportunities, I don’t think there are many free lunches left for retail investors to devine by looking at charts.

Could be wrong. Just sharing because to my understanding studies show this type of retail investing to not outperform a passive index strategy and I thought I’d share. Do with it as you will.

THIS IS THE FUTURE, BUY BUY BUY BUY

[Ricard_Persson]

Yes, I missed SHOP this time for sure. Just checked in this morning. Missing and then getting complacent is a bad combo. Would have liked to have got out before the 200. Now we'll see. I should have stuck with my gut, but did like that it bounced up from $172 three times.

Oh well. We'll see if it can level off here.

[mayoradamwest]

I'm debating investing in a burrito, or some type of sushi delivered. My sandwich heavy portfolio has never let me down.

[Slick Nick]

Guys, you peeps are basically doing horoscopes.

I came to the conclusion that indicators are pretty much self fulfilling prophecy.. if everyone uses them, then they dictate the market. If every one sees that the RSI is way overbought, people start selling and the price falls, then when it's way oversold, people start buying... if you're cautious and patient, use stop losses, then you will make more better trades. This being said, long term investment is a different thing, but weekly and monthly charts are helpful to find a good entry point.

No doubt prices are about future expectations and psychology plays a large part into that. That said, it still doesn’t mean charts are effective. Lots of players out there, with the bulk being far more sophisticated institutionals. You’re right that the long term game is different. Long term, well diversified, geographically and by sector, on a market cap basis, you’re basically betting on capitalism surviving (which long term has to have earnings above inflation). Short term momentum trades, my take is that you’re unlikely to beat supercomputers transacting in miliseconds. Happy to be shown otherwise, as in studies showing a clustered outperformance from certain retail chart based traders over time (there is next to none for active fund managers and my understanding is that retail based investing returns even worse). There is a few « free lunches » in the public markets, but they are very costly (in terms of volume and time) to uncover and the market self corrects -opportunities quickly disapear as money pours in. In a world of massive multi-billion institutions with deep algorithms and powerful computers mining for arbitrage and other opportunities, I don’t think there are many free lunches left for retail investors to devine by looking at charts.

Could be wrong. Just sharing because to my understanding studies show this type of retail investing to not outperform a passive index strategy and I thought I’d share. Do with it as you will.

I'm not day trading.. I've done it for a couple of months and it was one of the most depressing activities I've done in my life. It's almost the same as gambling. I prefer swing trading, hold a couple of days/weeks. Basically just find a nice entry point on a pullback, sell higher and rebuy on the next dip, basically accumulating... and charting is very helpful for this. The goal is not to beat anyone, but to make better trades. Like not buy Shopify when every indicator tells you not to. High frequency trading is really about skimming nanocents on each transaction, big institutional buyers buy on longer time frames and they use pretty much the same indicators that any joebloe can use at home. I would use passive strategy if I had a large sum of money to invest, for the amounts I've put in, I'm trying to make higher returns..

[Slick Nick]

The problem with ICOs is that you are not buying an ownership stake in the company. A company’s earnings and assets (and thus value) is held by its shareholders. Coin issuances are issuances of thin air (without legal ownership rights). You can make money in stupid bubbles, just have to ensure tou aren’t the greater fool left holding the bag. Not my type of investing.

Sooner than later you will buy your stocks the same way I buy my coins.. it's inevitable. The stakes will be attached by smart contracts, it will just become much more easy to gain access to the markets. The problem is that the tech is really not ready yet.. Had great expectations for this year, but no significant progress has been made; still no scaling, still security issues, still unfriendly as fuck to use. I think we're still 5 to 10 years away from it being ubiquitous. And, yes, there's a very valid point that as of now I'm really just holding strings of letters and numbers, but if those coins are used by the companies involved in the ecosystem, then they have some value...