CarolineEllisonFTX

CarolineEllisonFTX t1_iy77q34 wrote

This is stupendously regarded. Everywhere I look it's either Samsung or Apple, with Google sprinkled in. Samsung is constantly pushing out new things and Apple is right there with them. We're getting closer and closer to the point people won't really need personal computers so long as security is locked tight on their phones. Buy a sweet display from Dell or LG and a hub for a mouse and keyboard and you're good to go.

Phone demand will continue going up next year with a slowdown the past few as more and more of the world opens up beyond COVID. People will continue buying the latest and greatest to keep up with the Jones'.

I think an untapped market with increasing healthcare costs is the watch market which Apple and Samsung have been working on winning. If there's a loser there, it's going to be Garmin IMO. Some insurance companies were giving out free fitbits to get people incentivized to get healthier/walk more.

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CarolineEllisonFTX t1_ix0lzap wrote

https://www.amazon.com/Complete-Guide-Price-Analysis/dp/1491249390#customerReviews

  1. Study
  2. Create strength and resistance support lines every morning - based on 3day charts and going back 1 year to see where similar zones struggled to break out or break down
  3. Monitor the big names in the market - AMZN, AAPL, MSFT, NVDA, etc. as well as monitor indexes like XLF, XLK, XLV, QQQ - watch for when one starts to break down and see if others start to follow suit as this will guide SPY and slightly precede SPY moves
  4. Look at the technical indicators and what they are doing - MACD, EMAs, RSI, etc.
  5. Watch the macro trends
  6. Divorce your emotions and feelings from trading (this is the hardest one and why most can't trade for a living - you need to be a robot emotionally like Zuckerburg)

I tried for a little while, but I don't have the time or will to do this despite seeing others do it successfully. Trading SPY will make the gamblers and impulsive people bend over and take it. You'll likely lose for a while until you learn to be patient and make the 1, 2 or no trades a day depending on signals.

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