I used to hate it, but all of these nickel and dime retail traders are adding a huge amount of liquidity to the market as a combined force. With them and hedge funds squaring off they are helping create a ton of volatility which is good for daytrading.
there’s always a bigger animal in the jungle who wouldn’t notice you if they kneeled down to take a dump on you. Don’t shit on someone because they trade smaller than you.
I wasnt shitting on them. In fact I used to be one of them. Should have clarified who i actually had in mind with that statement. I was referring to the WSB crowd, many of whom group together and manipulate stocks with pump and dumps on discord in huge groups and refer to themselves as daytraders when in actuality they would lose their ass if they were forced to trade in solitude based on nothing but their wits. That's the group I hate, yet them and the totality of tiny retail traders add a shitload to the market liquidity now.
%% Looks like INTC buyers buying @ monthly lows/MSFT already buying above 200dma.Me i would have preferred intc finish the week up/but thats just me., SPY, SPYG, TECL, spxl upro close enogh to 200dma. I seldom use moVing avrages in a mindless mechanical sense , even though i not against that
I bought some MSFT today to hold. It was down 15% from ATH. Even if it drops down more it's still a value buy at the price I got it and will move up eventually.
%% SO many MSFT millionaires for decades back/ tech kings rule.......................................................Weekly chart+ 200dma up again dont have to have that weekly elephant stampeed volume , even though i dont object to that
True. But it is a nightmare to reconcile the 50 trades and that is just one. I have several that day. Get something to do over the weekend.
intc got such an ugly chart. i don't even know why you guys wanna go long on this stonk? one of my coworkers called himself a trader, but he is more of an investor. he talk about dividends and how he is getting dividend checks from intc all the time. i ask him how intc has been doing the last few years. he said he doesn't care...all he care about is dividends. i just end the conversation right there.