Cammin423OPMoomoos Enemy:
fuck.. I heard you screaming this would happen but with all the noise of from everyone's opinion in every stock, it gets blurred.. i guess ima be screwed again.. thanks for being cool with your response.
sure do wish I could get in contact with you when you know shit (hint hint)?
Cammin423OPMoomoos Enemy:
lol I Def see it but you know... you push for a reaction lolol how do I contact you when shits going down? SN somewhere else? email? whatever you give, delete right away
KubeCammin423OP:
MARA has had a tendency recently to rise in the premarket or market open and then sell off. So if you want to get out then you best chance might be to watch the price action during that time. I've been generally bullish on this so far but I'm not a permabull and today I exited my position at 28. That was when I saw a lot of orders on the orderbook stairstepping down so it was definitely going to drop. These crypto miners are likely going to cool off. With the approval of several crypto ETFs, there's more options available for investors now so it's expected that in the short term some of the marketcap from the crypto miners are going to move towards these new assets.
Also, while crypto stocks are heavily correlated with crypto, it's also a stock as well and will have correlations with the broader market. We had CPI data come in hotter than expected which led to that sell off on the SPY in the morning. Going into Friday, the two big catalysts is PPI data and with CPI coming in hotter than expected, I think PPI will be similar. The other catalyst is big bank earnings are today which is going to give an indication of how the US economy is doing. People are generally being very cautious this week until they see these results.
Cammin423OPCammin423OP:
I wish I had got out at 28 like i wanted. man I was ahead as fuck.. so early is my sweet spot but we won't have a good run tom will we..
KubeCammin423OP:
Well, you never know. I don't we will get a run like we did today but market will do whatever it wants. I trade based off the price action so if it's weak and I have a strategy for what I'm seeing I'll short it down and vice versa. If you're a trader then it's important to acknowledge when you're wrong and exit the trade. For a lot of newer traders including myself when I started out, the pain of being wrong was worse than the pain of losing money and because of that we end up bagholding until it finally goes in our direction to just barely come out breakeven. Been there, done that , now I obey my stops and if I reach my max loss for the day my platform on DAS actually locks me out and prevents me from trading until the next day because there's a chance I'm gonna be doing some revenge trading lol.
Cammin423OP Moomoos Enemy: so we won't see 28 again before weekend? I'm still learning this shit and badly fucked right now
Cammin423OP Moomoos Enemy: fuck.. I heard you screaming this would happen but with all the noise of from everyone's opinion in every stock, it gets blurred.. i guess ima be screwed again.. thanks for being cool with your response.
sure do wish I could get in contact with you when you know shit (hint hint)?
Cammin423OP Moomoos Enemy: lol I Def see it but you know... you push for a reaction lolol how do I contact you when shits going down? SN somewhere else? email? whatever you give, delete right away
Cammin423OP : follow, yeah I know. but there's no IM here.. Unless I'm just cray
Cammin423OP Cammin423OP: DM
Kube Cammin423OP: MARA has had a tendency recently to rise in the premarket or market open and then sell off. So if you want to get out then you best chance might be to watch the price action during that time. I've been generally bullish on this so far but I'm not a permabull and today I exited my position at 28. That was when I saw a lot of orders on the orderbook stairstepping down so it was definitely going to drop. These crypto miners are likely going to cool off. With the approval of several crypto ETFs, there's more options available for investors now so it's expected that in the short term some of the marketcap from the crypto miners are going to move towards these new assets.
Also, while crypto stocks are heavily correlated with crypto, it's also a stock as well and will have correlations with the broader market. We had CPI data come in hotter than expected which led to that sell off on the SPY in the morning. Going into Friday, the two big catalysts is PPI data and with CPI coming in hotter than expected, I think PPI will be similar. The other catalyst is big bank earnings are today which is going to give an indication of how the US economy is doing. People are generally being very cautious this week until they see these results.
Cammin423OP Kube: thank you bud..
Cammin423OP Cammin423OP: I wish I had got out at 28 like i wanted. man I was ahead as fuck.. so early is my sweet spot but we won't have a good run tom will we..
Cammin423OP Moomoos Enemy: shit be stressing me out to the max bruh lol
Kube Cammin423OP: Well, you never know. I don't we will get a run like we did today but market will do whatever it wants. I trade based off the price action so if it's weak and I have a strategy for what I'm seeing I'll short it down and vice versa. If you're a trader then it's important to acknowledge when you're wrong and exit the trade. For a lot of newer traders including myself when I started out, the pain of being wrong was worse than the pain of losing money and because of that we end up bagholding until it finally goes in our direction to just barely come out breakeven. Been there, done that
, now I obey my stops and if I reach my max loss for the day my platform on DAS actually locks me out and prevents me from trading until the next day because there's a chance I'm gonna be doing some revenge trading lol.