Trading Ideas
Wednesday 7/7/21

Wednesday 7/7/21

Yeah, I’ve been quiet for a bit. I have had a lot going on and I been in one specific trade for quite a while now. I usually don’t like to be in trades this long, but sometimes you gotta take a ride.

I’ll talk about the trade first since that’s what this website is about (and riding, which I haven’t been doing enough of).

SPRT

SPRT stock chart

SPRT, Support.com. The chart on the left is from late May; I see a low RSI on the top part of the chart, consolidation on a moving average in the middle, and a MACD that is getting ready to make a positive cross. On the right is 7/7/21 chart. We see everything has moved in a upward position with natural pullbacks. Getting in around $2.54, riding along up, and I still see that the RSI isn’t over bought.

Please do not FOMO this, and again, I am not a financial advisor. But if you want, you can become one of those weirdos who gives up a social life to study charts.

Moving On

Since I recently discovered that I do like charts, business and data I decided to enroll with Google and Coursera to get my certification in Data Analysis. While doing the course I was approached about a few job opportunities that took me away from my studies. None of these worked out and I’m quite bitter on how much time I spent with one opportunity and how they decided to not move forward, but such is life. Chalk it up as a negative opportunity cost.

Picked up a new hobby of crypto mining with computers (instead of phones) as well. That’s a rabbit hole in of itself. All of crypto is Wonderland, there’s so much to explore, so many new opportunities, so many things on the horizon, so much that is going to change so much. I love it.

Conclusion

It’s that time of day that requires lots of attention… I really need to find a way of acquiring more funds while my other funds are out working; all about opportunity cost.

PS, got myself a little birthday present. I’m a huge fan of stoicism and enamored with ancient civilizations like Rome.

Marcus Aurelius coin front
Marcus Aurelius coin back

Have a good day, cheers, godspeed Sixto Sanchez.

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