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Rush Street Interactive Inc - Class A

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About Rush Street Interactive Inc - Class A
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ThinkorSwim allows conditional orders such as "Close crosses below 21-period SMA" in addition to the regular trailing stops in percentages. Lately I have been using a slightly different exit strategy, using RSI and RSI moving averages, tho I haven't coded those into a conditional order as yet. Other platforms have differing levels of conditional orders available, and if they have some scripting language, you should be able to put something together.
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nice! I was a mechE major. and you're right, i think the fundamental stuff from my stats classes taught me less about how things are and more about being able to be self aware about what i DONT know. so much of stats and probability is unintuitive. I don't set stops or TPs explicitly, but i have ones in my head (based on the size of my portfolio) that i will take into account and just order them via limit orders. I use RSI primarily, also nice to have certain moving averages on your chart. the averages don't tell you explicitly what to do, rather i try to see if/how the market reacts to touching the averages and then i enter/exit trades based on that reaction. I've also been dabbling with "awesome oscillator" but i don't think it's been much help.
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I studied statistics and probability in college, so I know the fundamentals on that front. I studied the behavior of the underlying so I’m knowledgeable in that regard. Third, I have a lot of hours under my belt just watching the chart, so the combination of these three things leads to good results. I read somewhere that the human brain is an adept learner of patterns and algorithms so I think combined with my fundamental knowledge, research on movement and behavior of the index, practice, and certain indicators like rsi give me an intuitive understanding on when to enter. It’s kinda second nature at this point.
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Most of the rare earth stocks have RSI of almost 90 or even more, but they still rise by 10-20% every day lol. It's clearly a hot sector with more upside, but it would be kinda crazy to add a lot of money at this point, wouldn't it??
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Both stocks are around 89-91 RSI for the month and keep pumping.
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I know UUUU is. I sold it on Friday(bad decision lol) bc it has its highest rsi reading in its entire history. And it went up again today
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God bless I use RSI. I think it’s one of the fastest reacting indicators. I use a bunch of vindicators, shout out to RSI.
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Thank you! Mix of stuff (rsi, price action, etc) Proprietary and personalized, I suppose.
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Yeah it’s legit, these nerds just trade on technicals like RSI so it’s gonna relieve some pressure here and there
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Finally unlocked day trading. So, are 0dte's as simple as when MACD crosses and RSI bounces when price hits a resistance level you buy and sell when it reverses?
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