racer8

racer8

Bed Bath & Beyond... Heading to Bankrupcy? Probably. Right now the stock is at $0.34....many news are labelling BBBY amongst the few stocks to watch out for in 2023 for potential bankrupcies.

racer8

Is this stock really heading to bankrupcy? Maybe. It looks like that's the case from a technical analysis perspective. The stock's price has been dropping consistently over the years dating all the way back to 2014. As of today, on Tuesday April 18, 2023, the stock's price is at $0.92 ....less than a dollar. This is the first time the stock has dipped below $1....

racer8

The current chart pattern seen here resembles a bullish "W". Sort of like a double bottom . I'm guessing price will at least reach the 122 level. The W pattern signals the end of the long bear market that has lasted from 2021 to 2023 (2 years) as seen in the recent break in the 200 moving average.

racer8

Bitcoin is looking very bullish right now. Bitcoin's price is likely to go up after breaking a major resistance level as seen in the chart. The resistance level is roughly at 24682 USD. I noticed how strongly bullish looking BTC's chart was on March 15, and the following price action that ensued has confirm that. One final note is the moving average. The 200...

racer8

Hi, Im Riley...and in this article I want to discuss the topic of investing vs trading. A lot of people reading this probably are already leaning towards trading over investing. In this brief educational article, I want to share some key knowledge that I've been withholding from the Tradingview community ever since I started publishing indicators on this...

racer8

Beware the hangman in the night...he may be stuck by price action...but his eyes watch over all traders who lose. Never lose...or he will come after you. This is my art. Hit that like button. Hope you all enjoy ;)

racer8

Decided to do some TA since I'm bored. I'm just taking a pure guess lol. But I think Gold is going down! I drew some support & resistance levels. That resistance level is a very strong one since its supported by 2 peaks. I believe there's a very high chance that the support level will be broken since gold is currently below the 200 period moving average. 50%...

racer8

For options traders, there is a way to make ALL your capital work for you! Yes, you heard that right. Not sure what I mean? Keep reading... You see, most options traders don't position size larger than 5% risk of capital...and most options traders don't put on more than 10 trades at a time. Making these assumptions, we can therefore conclude that you'll never use...

racer8

GME stock is on the radar of many traders. Its what everyone has been talking about. It is an especially interesting stock because of it's monstrous rally up from around $30 to over $300 in just a matter of days. I myself, didn't know this stock existed until a few days ago...by then it was too late to enter. But anyhow, I thought this stock is gonna make...

racer8

I drew a 16/5 delta Iron Condor and a 32/10 delta Bull Put.....or in deviation terms, I drew a 1/1.65 stdev Iron Condor and a 0.468/1.28 stdev Bull Put. The blue one is the iron condor and the green one is the bull put. These 2 strategies are equivalents to each other because... - Both have 68% theoretical probability of max profit at expiration. - Both have 10%...

racer8 Updated 

Constructed a Bull Put Vertical Spread for AAPL. Bull puts are great for trading stocks since stocks tend to move up more than down. In this trade, I'm going long. Hopefully the price remains stagnant or moves up. Worst case scenario is price moves down. Please support by hitting the like button. Thank you.

racer8 Updated 

-------------------------------------------- Info used to construct the Iron Condor -------------------------------------------- Spot price on Nov 13th: $119.26 Implied Volatility: 29.4% Risk Free Rate (1 mth LIBOR): 0.1364% -------------------------------------------- Strategy: 16/5 Delta Iron Condor, 30 DTE -------------------------------------------- Legs:...

racer8

Pretty rare to see this on the daily. Enjoy this nice pic. Also...even better, there's a pullback right now! What are you waiting for? Get in! Disclaimer: Im not a financial advisor.

racer8

My favorite options strategy is the 16 delta - 5delta iron condor. This is also known as a big boy iron condor, a type of condor that mimics a strangle. In theory, the strangle is really my favorite because it maximizes profits, but with unlimited downside, it can be too dangerous for novice traders. So in practice, the iron condor is my favorite. In the featured...

racer8

Nicce art.

racer8

This market looks like a mess. No trading.

racer8

Gas shooting to the moon!

racer8

Crude Oil looks flat as a pancake right now. Trend is neutral. Wait for a breakout.