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Hello, I am African, more precisely Ivorian, and I would like to learn trading
You stumble upon a Reddit forum buzzing about Gamestop (GME) stock. Fuelled by memes, a desire to stick it to the hedge funds, and maybe a few late-night YouTube videos about the stock market, you decide to dive in.
You buy GME stock and direct register your shares to prevent Mr Mayo from shorting them. Ramen noodles become your primary food group, because every penny counts towards buying more GME shares.
Every waking moment is spent glued to your phone, watching the ticker like a hawk. Roaring Kitty tweets, and the apes erupt in a frenzy. Is it time for another moonshot?
Notice how the price of gold on COMEX sold off as the market opened at 8am, 30 minutes before the NFP report. To me, it's clear that insiders had private information and acted on it.
We've just come out of what appears to be a reserve head and shoulders pattern, which suggests that the uptrend should continue. But we keep facing resistance against this down-slopping trendline. I was hoping we'd clear that hurdle yesterday, on the 4th attempt.