Thank you so much RTC for the info it's much appreciated,
I bought SHIB couple years ago and it went down and I bought more hopping it will bounce back so I am still holding on to it, I bought a 1000 dollars what do you think it will do next, it look like it's edging up a little
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No worries bro, are you in profit? It's consolidating at the moment because .28 is strong resistance. If it breaks .28 it will go to .30 then 32. If it breaks .34 it will probably go back and retest .39 and the 52-week high of 49. It may keep consolidating here for a while in a range until it breaks out and will probably move later in the cycle but I don't think the move will be as powerful as some of the newer coins. Remember crypto is a technology but what really drives the coins are their popularity and their community support. That's why the newer MEME and ALT coins have more explosive moves than the old ones like DOGE and SHIB because of the improvements in their respective ecosystems. If you look at one of the newer coins like PEPE and you happen to get some early that coin went up +360,000%, SUI +763%, SEI +6185.21%, POPCAT +43125.34% to name a few. These coins are like providers, don't fall in love, go with the one that's moving the fastest because the cycle is so brief....Lambo vs Kia (no shade)Originally Posted by jazzy56
BFE, Aspiring Stay At Home Hobbyist, Initiator Of Pleasurable Stimuli
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thank you so much brother
lover of DFK, DATY and cuddling with Hispanic or Caucasian mature ladies
No worries, don't forget your SL looks like we may pull back to validate this run up
BFE, Aspiring Stay At Home Hobbyist, Initiator Of Pleasurable Stimuli
NOTE: Acrobatics depicted from this Avatar are fictitious scrolls and all acts described are strictly imaginative works of art solely for the purposes of enterTRAINment
No worries brother, when you master the craft pay me back by passing on the knowledge. The problem that's beginning to arise with NVDA is SMCI, who is their largest customer, is having problems w/ the government due to accounting irregularities. Ernst & Young resigned and the company may get delisted (a shorting dream) Very few accounting firms have a track record of auditing companies of Super Micro's size, and all of them may be reluctant to sign on given the circumstances around Ernst & Young's departure, this is a huge problem. I don't know what Trump is going to do which tariffs but remember China buys a lot of chips which could hurt the stock. TSM factors into the equation because it's in Taiwan and China may invade. That's why learning to read charts is so important because no matter what happens you can still make money in both directions. If NVDA breaks down back to the 135.00 zone I'll be adding to my position. If it breaks below 132.00 I'll be shorting the stock (NVDD) vs DCA because I don't know where the bottom will be. Once it hits the bottom and finds support, then I'll add again which in essence becomes my DCA purchase.
My opinion on TSLA is that it will eventually hit 500 in the next decade because I believe it is ultimately a software/ data company. The cars, solar panels, rocket ships, robots is just the hardware that implement the instructions of the software. Ultimately he who has the most data wins the war as Elon is the ultimate project manager because he has the vision on how all of these chess pieces will fit together. Go look at how ENPH tanked once Trump got elected.
DOGE touched .43 if it holds .48 it will be at the beginning of a classic chart pattern which may begin to march it back to ATH .73. If it hits and holds there it will go parabolic to hit certain Fibonacci (Fib) levels, .81 then 2.5, it's already up 139% since the election. This is the only scenario in which I could have seen a legacy MEME coin making explosive gains. Protect your gains and raise your SL.
BFE, Aspiring Stay At Home Hobbyist, Initiator Of Pleasurable Stimuli
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^^^^^^^^^^^^^^^
Thanks again
Stay blessed.
Peace
BFE, Aspiring Stay At Home Hobbyist, Initiator Of Pleasurable Stimuli
NOTE: Acrobatics depicted from this Avatar are fictitious scrolls and all acts described are strictly imaginative works of art solely for the purposes of enterTRAINment
Brother any advice before 20th of November regarding NVIDA. Do you recommend investing a little more in it before 20th NOVEMBER or after.
Please.
Thanks.
Brother Mack, sorry for the late response.
Can you read a chart yet?
Important technical, it bounced off 20 ema, (141.80) and its inside a bullish structure, we have a catalyst ahead with earnings, back above 147.16 NVDA will be a rocket to probably the top of this channel which is in the 158.00 zone. I like taking some risk at this level today going into next week.
Bear case: We lose structure and 20 ema - it will pull back to 135.40 quickly (next support). NVDA is not like COIN, BTC, LLY...where the stock has huge moves so you still have time before the run up. I do options so it's risker to play earnings so I usually only react after the report. But it's NVDA, leading the AI evolution so I gambled two earnings reports ago and it ran up massively over night and kept running for the next two days, I thought I was having a heart attack. If you are doing stocks I would buy some here and add if it drops to 135.40 by DCA. Remember when you DCA you break up your purchase into 3-4 buys. Ex. If you are risking 1K your first purchase is 100.00 second purchase is 300.00 and your third is 600.00. If it goes lower then you know you were wrong with the support levels on your chart and you have to make a decision. Please keep in mind the caveats 1) The entire sector has been bleeding 2) Trump and tarrifs- we don't know what's going to happen with him and China and we don't know if China will invade Taiwan. I've seen NVDA drag the entire NASDAQ, it has that much power. I preach using SL on all plays but I don't use a SL on my long term portfolio unless a Black Swan (COVID, accounting issues...) event happens because I don't plan to sell any of those stocks, normally I view dips as buying opportunities. If I were you I would only risk a couple of dollars until you get a good grasp of how earning affect the stock price. Also, if you don't know, research the tax differences between selling stock options and regular stocks.
BFE, Aspiring Stay At Home Hobbyist, Initiator Of Pleasurable Stimuli
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No worries brother I have been busy myself. I'm not very good at charts but I'm working on it and after struggling with stock market for almost one year it's slowly but surely has started to make sense. I appreciated all the help and guidance.
NVIDIA is my favorite security so far and it has helped me make good gains since August when that correction occurred. Yet NVIDIA scares me at times. With all the information that you have been kind to give me and all the research i have done which includes there new Blackwell chip it's very overwhelming for me. I'm keeping a very close eye on this security but will not gamble on anything. I have some shares and let's say even it fall below 135 I'll still be in very good position without worrying about anything.
I'll take your advice and just wait and see what develops on Monday and Tuesday.
I really appreciate your help and kindness.
STAY BLESSED.
Last edited by bigmack; Yesterday at 08:12 PM.
Nice, fear is a good thing because of the uncertainty but calculated risks are necessary to become a good trader because of the lessons learned. Keep growing daily with coffee money and tuck those lessons away to build your confidence. In this instance, for me, the play is to hedge your play with an NVDA short stock to protect against some of the downside if it happens. More importantly remember you will lose in this game but one of the tricks is cut your losses quickly and hold your winners longer. If you master this you are killing it if you have a 60% win ratio with a minimum 1:2 reward to risk ratio
BFE, Aspiring Stay At Home Hobbyist, Initiator Of Pleasurable Stimuli
NOTE: Acrobatics depicted from this Avatar are fictitious scrolls and all acts described are strictly imaginative works of art solely for the purposes of enterTRAINment
Nvidia will have Q3 earnings on Wednesday so we should see what's that going to be and as always RTC thanks for your knowledge and the info you provide now I am retired and just playing the stock and crypto market but with cautious
lover of DFK, DATY and cuddling with Hispanic or Caucasian mature ladies
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