I’m Markus Heitkoetter and I’ve been an active trader for over 20 years. I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails. They start trading and realize it doesn’t work this way. The purpose of these articles is to show you the trading strategies and tools that I personally use to...
Looking at price action over the last few days and drawing a few fibs I'm looking at this area for the next profit area for GME
Here I try to break down the recent GME stock growth from a technical analysis . I have created two primary channels: long-term and short-term. These channels start crossing in early Q1 of 2021 and their true means cross in Q3 of 2021. Also, there was a gap created during after hours trading, there is always a potential for it to get filled. See the chart for some...
Another win for Wall St bets today! Not rooting against the crowd but yesterdays action should remind you how fast things can change. If you happen to be in the stock here is a trendline worth keeping an eye on so you have an idea when you can take some profits. Until then GME to the moon!
$GME Gamestop has gone from near all time lows to new all time highs in 1 year.... My experience tells me that this will not end well for market participants who are purchasing shares at these elevated prices.
Meme. So the narrative for $GME, a brick and mortar store that has been closing down shops since the start of the Big Coof, is that a community of traders all agree to buy the stock and its calls, forcing price to go up and MMs/dealers to purchase shares themselves to hedge against exercised calls. What the chart is: GME share price divided by the M1 money...
My Jan. 18 call played out and yielded 26 points gain below. However, I made one grave error! We were on wave 3 not wave 5. Wave 5 is starting. I have taken most of my profits, but there is more to be made here. At the risk of overtrading, here is a fun play: - Straddle for Wave 5 to 124 - Puts will catch the corrective wave
Within both charts we are seeing price make three significant taps on upward resistance, followed by an overshoot in price, which is then followed by a massive move downward within the chart patterns. If there was a time for GME to top out, that time would be now, otherwise we're headed straight for 200. The Blue line is the last point of resistance.
story time: back in da day ur pal coinholio took some of da bix bugs ($5.00) profits from $NLS and shorted a lil company called game stop. needless to say, dem puts are now $0.01 on robinhood!!! wtf! i ask google what happen, how come i didnt make magic money time buying thems puts at $4.00 to $1.00? well it turn out dat lotta peeps had da same idea, see, when...
Inside day candle on the weekly. TSLA reports earnings after close on Wednesday. A 75 point move is priced in. **TSLA previous earnings (4/29, 7/22, 10/21) gapped up at market open the next day, and sold off. Same day expiration OTM Options Premiums opened losing almost all value. Be aware of this. Lotto Trade Idea: 900C BID/ASK: 15.75/16.10 775P BID/ASK:...
FB fails at 280 every time. If FB can finally hold over 280 with a positive earnings reaction, it can make a move towards 300. FB reports earnings on Wednesday after close. There is a 20 point move priced in. Lotto Trade Idea: 300C BID/ASK: 2.30/2.38
AAPL had a strong week last week, and was able to close above the 138 level on Friday. AAPL reports earnings after close on Wednesday. A 9 point move is priced in. If AAPL has a positive earnings reaction they can move straight to 150. A negative earnings reaction can move back down to 128. Lotto Trade Idea: 150C BID/ASK 1.30/1.32
BA Reports earnings on Wednesday before market open. A 12 point move is priced in. 215C can work as a lotto. BID/ASK: 2.10/2.18
Is $BBBY about to be the next WSB Short Squeeze> $38 target
Making a different kind of post here as we had a really impressive week especially for a couple of stocks that caught the eye. First starting with Luminar Technologies $LAZR. For some time this stock has been on the radar of investors and traders and there is a reason. Not only promising perspectives for the company but the presence of a symmetrical triangle....