Hubert Senters here.
Had a question from a viewer of what I thought Support.com stock. My advice would just be careful. It’s another meme stop just like any AMC and the rest of them.
You just got to be careful in game stop. There’s just vertical moves. Hard to get a hold of and hard to let go of too.
Because if it opens up at $26 and climbs to $36 and then $46 and then $56 ike oh, my God this thing is going to go to the moon.
And then you’re like ok, I’m going to jump out of it any second. Ok. I’ll just jump out of it when it rolls over.
It’s about to roll over. It won’t going to hold because I think it’s going to go higher. So psychologically they’re harder to trade.
If you’re going to do definitely. I mean you’re going to have to do a super small timeframe.
Let me show you example of what I mean. Let’s take this 60 or this daily minute bar and let’s move this creature down to something like a 1 minute bar.
So the signal annoys ratio is going to be a little higher obviously because it’s a lower timeframe.
Yeah, they gap up situation. You let it go into the cloud. There’s a buy signal right there that ultimately works out and then there’s a buy signal right there.
That one works out and then it crosses over to a sell signal right here. You would have to take some heat on that one.
Another sell signal here. There’s a buy signal and then a sell signal right there. And then the sell signal held pretty well.
Looks the odds of you getting every single one of those turns correct is low. I’m just going to be honest with you. It’s just hard to do.
It’s possible. It’s just very unlikely. It usually grinds most accounts to dust and blows out your account so just be careful.
If you want to do it just know what you’re getting into and just say I’m going to throw a trade on here.
This is what my risk here. This is my target I’m going for and try your best and just stick to your plan. But just be careful. Protect yourself at all times.
I’m going to be doing The Mother Of All Bubbles on Tuesday, August 31st on how I’m setting up for the next black swan potential event in the next 6 months.
I think that the Fed is going to over correct. I think they’re going to act too slow. And then I think the interest rates are going to raise.
They’re going to increase their tape room and then they’re going to increase the rates and then it’s going to pop both the interest rate markets, the bonds and the notes.
And after that it will affect weaker stocks and stronger stocks and all the indexes would drop anywhere from $13 to $30 percent.
And I’m preparing myself for that. It hasn’t happened yet. But it is starting in the bonds and the notes right now.
But I’m going to show you how I plan to take advantage of that if it happens in the next 6 months.
Good luck. Hope it helps. See you on the next video.
Hubert.
