1/ $PLUG Plug Power Announces Execution Of Definitive Agreement To Acquire Applied Cryo Technologies; Terms Not Disclosed
Plug Power Inc. Signs LOI For 50-50 Joint Venture To Build Gigafactory In Queensland, Australia.
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$CAT Caterpillar Inc. to Announce Third-Quarter 2021 Financial Results on October 28
$FUTU Futu Holdings shares are trading lower following a report on Nasdaq's website titled 'Chinese online brokers Futu and UP Fintech face regulatory risks - People's Daily website.'
Elliot Wave Theory (EWT) is a form of technical analysis that traders use to analyze financial market cycles & forecast trends by identifying extremes in investor psychology and price highs & lows.
It was developed by Ralph Nelson Elliott in the 1920s. He realized that markets moved in "waves" or cycles of peaks and troughs. Elliott Wave can be very complex due to the ruleset, I plan to go over the basics in this thread.
Impulsive and Corrective Waves
These are the two types of waves. Impulses are uptrend waves. Corrective are consolidation waves. Being able to identify which wave we are in is a market edge.
10 Powerful Lessons from Trading Legend Jesse Livermore
He might be the most famous trader in the room. He started at 14 & by the stock market crash in 1929, he was worth over 100 million dollars. Although he lost his fortune, here are some lessons we can all learn from him.
1. Market Leaders - when in a bull market, pay attention to the leaders. This is where you will make the lion's share of your profits.
2. History Repeats - Greed & fear drive the market & human emotions are plain to see. If it happened in the past, it will happen again. Watch for patterns and observe the personality of the stocks you trade.
“History never repeats itself, but it does often rhyme.” - Mark Twain