The Descending Triangle is a good short in the right environment.

Look for the market to be moving sideways or trending down.

When the descending triangle forms, it’s often holding a lot of ‘buy and hopers’. When it breaks down, its often a great spot to short.

More from Michael Lamothe

A tactic I LOVE is using advanced entries in cup shaped bases.

These tend to form after a stock has had a decent run and pulls back toward a key moving avg.

When price tightens and drifts sideways near its lows, its often primed & ready.

Join the MARA Elite to learn more!

Michael Lamothe
@MichaelGLamothe

This is how an ASCENDING TRIANGLE wears out sellers.

Michael Lamothe
@MichaelGLamothe

No trade runs forever. DON’T BE THE BAG HOLDER!

When a trade has been running for a while and there’s a massive surge in price and volume, this is euphoria.

**It’s a BIG SIGN that the move is close to the end.**

Sell while the getting is good!

Thoughts?? Comment below...

Michael Lamothe
@MichaelGLamothe

I always like to give myself multiple ways to exit a trade. One of them is the "back stop".

When price drifts sideways for a period of time, it builds a floor.

When it resumes its uptrend, if it does pullback, it shouldn't break the floor and if it does, I'm out.

Michael Lamothe
@MichaelGLamothe

This is why 90% of amateur traders inevitably get EATEN BY THE SHARKS.

They do everything they can to predict where prices are headed.

You’ll have a far easier time simply finding the “big fish” (Hedge, Pension, and Mutual Funds) and trading in their direction.

Thoughts?

More from Mllearnings

Michael Lamothe
@MichaelGLamothe

Multi-timeframe analysis was a GAME CHANGER for me.

No matter the trade, check at least 2 timeframes above, and 2 time frames below the one you're executing on. You'll see the bigger picture and how things are starting to change.

#tradingstrategy

Michael Lamothe
@MichaelGLamothe

A great spot to add to a swing trade is this 3 weeks tight pattern.

On the way up to the target, price will often take a breather before continuing on.

If it forms this 3 weeks tight pattern, it gives a great low risk spot to add more!

#tradingstrategy #tradingtactics

Michael Lamothe
@MichaelGLamothe

Just reviewed “pullback buys” with members.

The key to pullback buys is NOT “BUY THE DIP.”

It’s knowing when to buy the bounce after the dip.

Michael Lamothe
@MichaelGLamothe

The FLAT BASE wears out the weak hands.

It is at least 5 weeks long and about 15% deep.

Look for volume to dry up near the lows too. It's a sign that selling pressure has stopped.

Michael Lamothe
@MichaelGLamothe

his name might sound familiar because the new cortellucci vaughan hospital at mackenzie health, the one doug ford has been touting lately as a covid-centric facility, is named after him and his family

but his name also pops up in a LOT of other ford projects. for instance - he controls the long term lease on big parts of toronto's portlands... where doug ford once proposed building an nfl stadium and monorail... https://t.co/weOMJ51bVF

cortellucci, who is a developer, also owns a large chunk of the greenbelt. doug ford's desire to develop the greenbelt has been

and late last year he rolled back the mandate of conservation authorities there, prompting the resignations of several members of the greenbelt advisory

Kavita
@Kavitastocks

There are many strategies in market 📉and it's possible to get monthly 4% return consistently if you master 💪in one strategy .
One of those strategies which I like is Iron Fly✈️

Few important points on Iron fly stategy

This is fixed loss🔴 defined stategy ,so you are aware of your losses . You know your risk ⚠️and breakeven points to exit the positions.
Risk is defined , so at psychological🧠 level you are at peace🙋‍♀️

How to implement
1. Should be done on Tuesday or Wednesday for next week expiry after 1-2 pm
2. Take view of the market ,looking at daily chart
3. Then do weekly iron fly.
4. No need to hold this till expiry day .

5.Exit it one day before expiry or when you see more than 2% within the week.
5. High vix is preferred for iron fly
6. Can be executed with less capital of 3-5 lakhs .
https://t.co/MYDgWkjYo8 have R:2R so over all it should be good.

8. If you are able to get 6% return monthly ,it means close to 100% return on your capital per annum.

Raman Shalupau
@ksaitor

Maker movement is doing to startups what startups did to corporations.

Here is why 👇

Startups fixed the problem of innovation, that corporations lack.

In big, slow corporations, innovation is a RISK and distraction from the core $$$ profitable business.

Agile startups could launch, iterate fast and eventually stumble upon new growing market opportunities.

However,

When a startup reaches product-market-fit, it has to 🚀 "grow at all costs" and reach market dominance before some giant corporation can replicate their new product and distribute it to their existing giant customer base.

Startup's "growth at all costs" often means growth at the expense of charging customers $$$ money.

Hence, to be sustainable, startups have to constantly chase investor money.

Startup teams spend more time finding and pleasing investors, than finding and pleasing customers.

95% of startups die because they run out of (investor) money + no business model + crazy investor expectations.

Same way corporations die, when unable to adjust to new technology and market shifts.

$\uc2e0\ub150\uc758\uc0ac\ub098\uc774$

신념의사나이...
@Belposto_korea

The RV and the Redemption Funds.

ALL Exchanged Currencies as well as all Zim Redemption funds will be placed in the accounts they set up in the Quantum Financial System./1

Absolutely none of these funds will be placed in a Bank at the redemption appointment. Bank computers cannot be programmed to transfer Digital Gold Certificates./2

The QFS can and will transplant funds into a bank account as has been explained earlier,/3

so a person can transfer funds to their own bank account but the desirability will become less and less as the banks go into receivership and their customer’s deposits are confiscated to avoid the Bank’s demise./4

Which bank can compete with the QFS when the QFS is free, secure, private, and stable? One of the major problems in the transition will be the use of Debit Cards for merchant purchases. Will VISA or Mastercard be available?/5

Conviction | Patience
@unseenvalue

H was always unseen in S2NL :)

Those who exited at 1500 needed money. They can always come back near 969. Those who exited at 230 also needed money. They can come back near 95.

Those who sold L @ 660 can always come back at 360. Those who sold S last week can be back @ 301

Sir, Log yahan.. 13 days patience nhi rakh sakte aur aap 2013 ki baat kar rahe ho. Even Aap Ready made portfolio banakar bhi de do to bhi wo 1 month me hi EXIT kar denge \U0001f602

Neuland 2700 se 1500 & Sequent 330 to 230 kya huwa.. 99% retailers/investors twitter par charcha n EXIT\U0001f602
— BhavinKhengarSuratGujarat (@IntradayWithBRK) September 19, 2021

The Descending Triangle is a good short in the right environment. Look for the market to be moving sideways or trending down. When the descending triangle forms, it’s often holding a lot of ‘buy and hopers’. When it breaks down, its often a great spot to short.

More from Michael Lamothe

More from Mllearnings

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The Descending Triangle is a good short in the right environment.

Look for the market to be moving sideways or trending down.

When the descending triangle forms, it’s often holding a lot of ‘buy and hopers’. When it breaks down, its often a great spot to short.