Guy Preston @GTPTrading
Stocks and psychology. Sometimes both. Joined August 2021-
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The share market went from 'buy more shares' to armageddon real quick
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Big week for the #asx 👀 lots of doodoo patterns at the moment so looking for a strong bouncd. $Gold is also something to watch as it approaches $1700 support but otherwise cash is looking pretty good.
It's not a clean line but it looks pretty good to me $XJO
$XJO currently in no mans land. Probably safer to be on the short side with rising interest rates but this is a very choppy tape.
The more I trade the more I am convinced that singular stock picks (assuming a baseline of quality and technical support) are mostly irrelevant. Success is mostly determined by your ability to read the wider market conditions and position yourself accordingly.
#asx the selling begins. Expecting some pain over the next 2 weeks.
$ZIP making a poo poo butthole formation as the volume leaves the market. People are scared to buy but don't wanna sell. Eventually people will get bored and pull their money out to buy lithium shares lol.
$ZIP we are back above the regression line which means either this rally is over and the down trend will continue or this is a reversal. I am keeping a small position because I believe in the sector (they are offering what banks should have years ago) but if you don't then bail
Guy Preston retweeted
Looks like the entire ASX stayed up for the data drop. 😂 Unless commods rip from here you can assume the worst is behind us and play individual stock contraction breaks with more conviction now.
Very slow day, low follow-through on yesterday's breakouts. Not a good sign, might be time to reduce exposure a little bit. #asx #investing
I only buy shares if I see them on twitter alongside the 🚀🚀🚀 symbol #investing
Trading is: 90% pondering your orb 10% buying Zip pay shares
Trading is: 90% pondering your orb 10% buying Zip pay shares
$LIT lookin' pretty ripe. A few shares are showing signs of a flat base. If the wider market can stay upright there will be some good few months ahead. #asx
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