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Jesse Livermore, the legendary early 20th century stock trader, is the single greatest influence on my trading mindset. If you have not read “Reminiscences of a Stock Operator” and/or “The Boy Plunger” I recommend you buy and read them immediately. These books about Jesse Livermore’s life are entertaining and highly educational for everyone, trader or not. One of the best …

Ask 100 market analysts when to buy or sell a Cryptocurrency and you’ll get 100 different answers. Some methods of valuation are better than others. One simple method I like is called the Mayer Multiple (MM). Trace Mayer is the man behind the Mayer Multiple but it’s on The Investor Podcast site where they’ve taken this metric to a new …

Bitcoin just enjoyed a “selling climax”. Like most climaxes people are not thinking clearly post coitus. We are repeating Wyckoff cycles over and over. I believe the technical term is “Bitcoin is fractal like a motherfucker”. Link to live chart below where you can play forward the realtime data on tradingview.   And this chart is especially hilarious because the …

The Gartley Pattern: 70% of the time it works every time. Buy at ~60 with tight stop maybe at 58. Sell at 64 to complete C. Buy at ~$58 with stops at $53.5 and hold for next leg up.

Possibly in Wave 5 of this structure. Price limited to ~$80 max before we’ll enter corrective phase.  

ServiceNow $NOW breaks out of Triple Top and resistance going back to January. Conservatively wait till 80 or $81 or build a small position today sub $80. Stop at $73. Illumina $ILMN breaks quadruple top and resistance going back to January. Stop at $164.

LNKD broke above a downtrend and has continued upwards almost 10% above resistance as part of a multi month move upwards. $YELP is up against resistance now. Will it follow in $LNKD’s footsteps? Are you a buyer with a tight stop here?

$DDD possible reversal after GE buys competitors. Caveat emptor. $TWLO on the move. $NOW getting interesting here. In response to White House Press Corp upset about a red carpet for Obama Chinese official responds with “Theses are our $CHINESEBURITTOS.” $BIDU $AMZN continues to decapitate your corner store, $WMT and soon favorite shipper.

52 week high achieved at $87.94. Can $WDAY set new ATH above $110 based on a double top PNF chart PLUS a $100 roll?