4 Ways Traders Use Resistance to Profit

Trade the Bounce https://www.investopedia.com/terms/b/buyabounce.asp Short the Retest https://www.dummies.com/personal-finance/investing/currency-day-trading/trade-the-retest-of-a-breakout-level/ Long a breakout when resistance breaks https://www.investopedia.com/articles/trading/08/trading-breakouts.asp Set stops above resistance to lock in profits. https://www.investopedia.com/articles/trading/08/trailing-stop-loss.asp

Do Meme Stocks Make Good Long-Term Investments?

Here’s which ones came out on top: https://www.marketwatch.com/story/we-put-these-eight-meme-stocks-through-a-rugged-analytical-test-which-are-poised-for-growth-and-which-have-big-downsides-11622810160 AMC, GameStop and Nokia are lumped together, but not all meme stocks are alike — whether you are a day-trader or a long-term investor. Every day the meme stocks dominate the financial media. And rightly so — they are illustrating the power Read more…