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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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I don’t offer signal or teach anything. I can tell you what works for me is using Moving Averages (5 day, 20 days), MacD, and Rsi. These help me get into entry or short positions.
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RSI reset it’s going higher lmfao
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Anyone looked at the 1yr MACD and RSI on LLY? 😂😂
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Not in my opinion, we will likely see another rate cut, cool CPI, and decent jobs report; and GOOGL is still the cheapest house in an expensive neighborhood (AAPL 37x PE, MSFT 34.5x, GOOGL 31x) 15%+ growth. Technically overbought based on RSI, so I wouldn't open a huge position right now but might be worth getting a little exposure. I plan to hold GOOGL for a very long time though, so based on your strategy you might want to adjust your approach. I'm holding what I have now and will accumulate on any major dips. 
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Healthy rsi reset
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First off, I am a millionaire. And those numbers aren’t “dumb”. It comes down to your method for entry - how do you think most algorithmic trading scripts work? It identifies an entry, takes it, and has parameters for an exit. It might be profit/loss, it might be some other measurement like rsi or bands or whatever.. but that’s exactly how it works. The money comes from the market… it’s why liquidity is the single biggest factor in price discovery. If MM’s sell enough calls and the price goes up, they will sell the price down to get the funds to balance their bill on the calls they sold. As the price comes down from selling the amount of money they need lessens, and so does the sell pressure. It’s why 0dte run the price intra-day, but macro economics determines to what degree.
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I still trade using basically only RSI. I do factor in sentiment but honestly that hurts as often as it helps so I really try to just stick to the rules. Risk management is the key. You can trade any system if you manage risk properly.
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Strictly following TA is a losing strategy imo. RSI is ok as a riskiness metric such as gauging if you’re buying at the top or looking at a falling knife, but understanding what’s driving the stock matters more imo. I feel like TA is a goto approach for people who don’t want to be bothered with understanding an industry/company, why economic data affects markets, or think every company is as detached from fundamentals like PLTR/TSLA.
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RSI of 78. It has to consolidate for a while before it can pump again.
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Googl so fucking flat. Nobody is buying cus high RSI, and no one is selling cus everyone knows its going to beat nvda in market cap soon enough.
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