Who is trapped up there ?
I recently started studying gaps . As someone who is new to technical analysis I find them fascinating . I am currently in the process learning what triggers these extremes in the price action , and if there if is a way to recognize them before they happen .
My question here is for the experienced traders who trade these patterns specifically . I assume these are all of the Robinhood "Apes" , or a Pump & Dump ? How do you get stuck in a situation like this where you go to bed a happy ape Friday night, and wake up a raped ape Monday morning ?
Full disclaimer : I hold this stock because I happened to be looking for penny stocks one day , knew the company , have used the tools , and liked the new "mission statement" , or whatever the technical term is in the stock market . I think eventually it's going to really take off for my own reasons.
Oh , and please excuse the lack of professionalism , but my background is in cryptocurrency . I want to say Whitepaper , but I don't want to mix the two market terms if they aren't the same .
My background in is in Cryptocurrency , so these crazy price swings and high volatility aren't new to me . When I say I'm new to T/A I should clarify that I am just starting to understand it . I have been dabbling in cryptocurrency for just about five years now . I was mostly a long term fundamental investor , and someone who uses the technology before I realized I missing out on a lot of profit taking from just "Hodling" .
Like many of you I have been financially affected by the pandemic . Losing my job is what got me to decide to finally take control and become financially independent from any one entity . I told myself never again , and I have been in the books learning ever since .
With all that said please comment below . I am looking forward to reading the responses !
My question here is for the experienced traders who trade these patterns specifically . I assume these are all of the Robinhood "Apes" , or a Pump & Dump ? How do you get stuck in a situation like this where you go to bed a happy ape Friday night, and wake up a raped ape Monday morning ?
Full disclaimer : I hold this stock because I happened to be looking for penny stocks one day , knew the company , have used the tools , and liked the new "mission statement" , or whatever the technical term is in the stock market . I think eventually it's going to really take off for my own reasons.
Oh , and please excuse the lack of professionalism , but my background is in cryptocurrency . I want to say Whitepaper , but I don't want to mix the two market terms if they aren't the same .
My background in is in Cryptocurrency , so these crazy price swings and high volatility aren't new to me . When I say I'm new to T/A I should clarify that I am just starting to understand it . I have been dabbling in cryptocurrency for just about five years now . I was mostly a long term fundamental investor , and someone who uses the technology before I realized I missing out on a lot of profit taking from just "Hodling" .
Like many of you I have been financially affected by the pandemic . Losing my job is what got me to decide to finally take control and become financially independent from any one entity . I told myself never again , and I have been in the books learning ever since .
With all that said please comment below . I am looking forward to reading the responses !
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