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…

What’s an Engulfing Candlestick Pattern?

From Investopedia https://www.investopedia.com/terms/b/bullishengulfingpattern.asp What Is a Bullish Engulfing Pattern? A bullish engulfing pattern is a white candlestick that closes higher than the previous day’s opening after opening lower than the previous day’s close. It can be identified when a small black candlestick, showing a bearish trend, is followed the next day by a Read more…

Druckenmiller Warns We’re In a Tech Bubble and is Amazed by Bitcoin HODLers’ Conviction

Druckenmiller made waves a few days ago when he dropped some verbal bombs in an interview. It wasn’t a one-off. https://threadreaderapp.com/thread/1399012533701386241.html 0/ Druckenmiller has now had a similar interviews for CNBC, USC, & The Hustle w/ their own twist. Tech Bubble vs. Today- “Today, you have something similar & something different. Read more…