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He was 13 when he first heard about trading stocks. Finally, he filters for volume with the "50-day average volume"— the average number of shares traded daily over 50 days — above 25,000 shares. He had been watching Nvidia's chart since December, and it had a consistent 200-day moving average trend upward. As of January 3rd, it held above its 50-day moving average, bouncing off resistance points around $8.83 and $8.94 with minor pullbacks. The stock had a strong 150- and 200-day average uptrend.
Persons: Leoš, Benjamin Graham's, William O'Neil, Mark Minervini, Norman Zadeh, Mikulka Organizations: Investor's, Gamestop, US, Business, Apple, Nvidia, Mitsubishi UFJ Financial, Holdings Locations: Prague, IBD
After a few years of attempting to swing trade, Gajjala searched for an approach where he could feel more in control of his trades. For this trade, Gajjala has less time for analysis and needs to execute within the first and second bull flags. The red circle in the chart below demonstrates what a bull flag pullback looks like on a chart. Bull flag pullback chart pattern. By the time he did notice it, it had begun to form the second bull flag pattern.
Persons: Goverdhan Gajjala, Mark Minervini, Gajjala, hadn't, Norman Zadeh, Zadeh Organizations: Business, Nextplay Technologies, Bionomics Ltd
He joined his private access program, a paid educational platform for trading stocks, where he spent a year learning the content. The stock's price should pull back organically, meaning the volume parallel to the downward price move should be gradual. On a daily chart like the one above, it's based on the past nine days. If the stock's price doesn't fall below it or forms a support line, it signals that the price could likely retrace and increase. Instead of entering five to 10 trades daily, he now keeps it at two to three.
Persons: Goverdhan Gajjala, William O'Neil, Gajjala, Mark Minervini, It's, Minervini's, Norman Zadeh, Zadeh Organizations: Service, Investor's Business Daily, US, EMA, Health Intelligence Locations: Dallas
Phone. Keys. Wallet … Brain?
  + stars: | 2023-09-08 | by ( Jancee Dunn | More About Jancee Dunn | ) www.nytimes.com   time to read: +2 min
But starting in your fifties, Dr. Mendez said, the area of the brain in charge of memory retrieval is less efficient. So if you’re struggling to remember “that movie starring that guy,” the memory is often there, Dr. Mendez said — it just takes longer to surface. We are inundated with so much information each day, said Dr. Davis, and the brain has to manage memories. “Forgetting is a normal part of one’s brain function,” he said. It’s not good for your brain health in general, but as we get older, our capacity to multitask “typically diminishes,” he said.
Persons: Mario Mendez, ’ ”, Mendez, , , , it’s, Ronald Davis, Herbert Wertheim, Davis, Arman Fesharaki, Fesharaki, Zadeh, , Organizations: David Geffen School of Medicine, Herbert, Herbert Wertheim UF Scripps Institute for Biomedical Innovation, Technology, Yale School of Medicine Locations: U.C.L.A
But as he continued researching online, he came across the idea of stock trading. He noted that when you sell a stock short, your gain is limited to the value of the stock. However, your loss is unlimited, depending on how high a stock's price could rally. Since the stock's price was below $2, he waited for a reversal for confirmation. The short interest rate could indicate how many traders are trying to short a stock.
Persons: David Capablanca, didn't, it's, Capablanca, Timothy Sykes, Sykes, he'd, TraderSync, David Olivares, Olivares, isn't, Norman Zadeh, Jim Chanos, John Paulson, Zadeh, CISO Organizations: University of Florida, University of California, Millionaire, Capablanca's, Interactive, United States, Capablanca, Super League, Gamestop, Twitter Locations: Los Angeles
For example, if a stock's price is below the VWAP, it may lure many traders into shorting it, he said. Since Sykes trades penny stocks with less trading volume, he uses indicators that help him determine whether his theses will play out. However, its importance is inferior to the above criteria because the catalyst could move a stock's price in either direction. On the morning of December 1, 2022, the stock's price plunged, creating a pattern he calls a morning panic. This trade fit Sykes' criteria because it had attention on it as a catalyst and created a pattern he trades.
Persons: Timothy Sykes, Sykes, Norman Zadeh, It's, they're, CLOW Organizations: Bollinger, United States, Nasdaq Locations: shorting
That year, the stock market was making headlines due to investors' excitement about internet companies. He wanted to bet on the stock market with his Bar Mitzvah money of roughly $12,000. At the time, there was no pattern day trading rule, which meant he didn't need a minimum of $25,000 to day trade. "My best-performing strategy right now is over the weekend because the stock market is closed over the weekend. The uneasiness that comes with having an income pegged to the stock market never goes away.
Persons: Timothy Sykes, Sykes, Norman Zadeh, Jack Kellogg, Kyle Williams, it's, Roe, Wade Organizations: United States, Evofem Biosciences, Tesoro Enterprises, Stocks, Cilantro, Partners, Wall Street Warriors Locations: Illinois
Structures newly discovered in the Milky Way
  + stars: | 2023-06-02 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +5 min
CNN —An international team of astrophysicists has discovered hundreds of mysterious structures in the center of the Milky Way galaxy. Sagittarius A* “is the closest supermassive black hole to us, but it’s relatively quiet and therefore somewhat difficult to really study,” Hamden added. The vertical filaments surround the nucleus of the Milky Way, but the horizontal ones appear to spread out to one side toward the black hole. The vertical filaments, on the other hand, are magnetic and hold cosmic ray electrons moving nearly as fast as the speed of light. “One way to confirm that the (filament) structure is created by something like a jet is to find both sides of it.”This would add “to the complex, active picture of our own Milky Way,” she said.
Persons: astrophysicists, Farhad Yusef, Yusef, Zadeh, , , who’s, Erika Hamden, ” Yusef, Hamden Organizations: CNN, Northwestern University’s Weinberg College of Arts and Sciences, Center for Interdisciplinary Exploration, Research, Astrophysics, University of Arizona, South African Locations: Hamden
He notes the price points on limit orders from the level 2 data table. But all of the education couldn't have prepared him for the stress of being a stock trader who couldn't afford to lose on his bets. It shows limit orders that have been placed at certain price points. Price points with large order sizes on the "bids" could indicate that there is potential support in that area. Since other traders also review this table, it could become a self-fulfilling prophecy by which many traders act on these price points.
Eduardo Briceno began trading stocks after leaving Venezuela to migrate to the US. When he arrived in the US, he had no means of earning an income, so he resorted to trading stocks. It wasn't until he made a mindset shift that he was able to make a career out of stock trading. That means trading small-cap, momentum stocks because they have fewer fundamentals that could impact price action. If it had tons of volume during its last peak price, it means there are many bag holders, he noted.
He'll also set a sell-stop order once a stock's price reaches his breakeven price to reduce risk. It was an impressive run considering the stock market had its worst year since 2008. "If you think this company is going to come out with a great earnings report while the stock price is slipping, you might be encouraged to hold on a little longer. 6 takeaway tips from Ryan's approach to tradingLearning how to lose is probably the most important trading tip, Ryan said. If a stock's price is plunging rapidly, the order may not get filled in time.
He fed the computer 20 years worth of stock data to determine the relationship between data points. And I certainly would not suggest to people that you can just easily make 440% in the stock market. The program trades stocks ranging from pennies priced under $1 a share to large-caps and makes about 20 to 50 trades a day. About 20 minutes later, the market price rose and hit the sell order price of $0.3449 and the position closed. About 17 minutes later, the market price declined and hit the buy order price, and the position closed.
It's a terrible time to be a sneaker reseller
  + stars: | 2023-01-24 | by ( Lois Sakany | ) www.businessinsider.com   time to read: +8 min
Adidas' messy breakup with Ye is the latest in a series of complications for sneaker resellers. Sneaker resellers have felt the effects of the end of the stimulus check and the rise of inflation. Sneaker resellers saw a bot crackdownWhile not as lucrative as Nike in the aftermarket, it was easier to buy Yeezys in bulk on Yeezy Supply using bots. The loss of Yeezy sales then combined with Nike's crackdown on bots. I'm working to expand my team to accommodate the online customer, walk-in customer, and sneaker customer," Falcon said.
A $300 million sneaker mogul is facing extensive fraud charges over the sale of popular shoes. He pre-sold Nike Air Jordan 11 Cool Grey sneakers for $115 to $200 a pair, while they retailed at $225. Malekzadeh has been charged with wire fraud, conspiracy to commit bank fraud which carries a 30-year maximum sentence, and money laundering. Malekzadeh, 39, from Eugene, Oregon, went on to accept preorder sales for 600,000 Air Jordans from customers, helping him rake in $70 million. Malekzadeh faces another lawsuit from American Express for unpaid charges, with the group pursuing him for millions more in damages, filings show.
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