Boiler Room: The Official Stock Market Discussion

GoldenGlove

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Depends on your timeframe, if you want to invest long term and dont care about short term price volatility, by all means invest same day. If you're looking to make a quick buck, then I wouldn't touch it for at least a month or more. RBLX is a good example, I waited till last thursday, presented a nice wedge pattern, went from 79 to 90 in 3 trading days.
:dwillhuh:
But RBLX was going for less than $79 before last week. It was in the $60s when it was listed initially, and if you were able to get in before the rest of us were, it was probably like $40. That's one thing that's fukked up about the stock market for retail investors. We're always at a huge disadvantage for getting in "early" because as we all have seen, even with these IPOs, the price we see when it's available to us is much higher than people who get the opportunity to cop before it's listed.

:francis:
 

chineebai

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:dwillhuh:
But RBLX was going for less than $79 before last week. It was in the $60s when it was listed initially, and if you were able to get in before the rest of us were, it was probably like $40. That's one thing that's fukked up about the stock market for retail investors. We're always at a huge disadvantage for getting in "early" because as we all have seen, even with these IPOs, the price we see when it's available to us is much higher than people who get the opportunity to cop before it's listed.

:francis:
yeah but at the time of the IPO nobody knew where it went, I waited for a pattern. ANd during that same time, invested in other names that had even bigger moves so it's not really an apples to apples comparison.

Also before last week, it was in a chop pattern, I simply waited for the chop to end to the upside
 

chineebai

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tested 107 multiple times today, usually a good sign to move higher, but wait till close.
czr going for all time high above 107, if you look at the daily chart you'll see a series of higher lows in the last 6 weeks, that's a good sign. Another good sign is that wynn broke out earlier too
 

chineebai

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10 yr breaking down, it's why gold is ripping, if it breaks down more, we'll see more into gold, tech, and crypto

Look at HYG. Pay attention to these macro factors.
 
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