AgShaun00 said:

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GreasenUSA said:

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AggieKeith15 said:

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GreasenUSA said:

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jbeck3487 said:

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It seems we have a lot more people watching the AH action like hawks. I felt like there was some play-by-play calling going on. lol

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Yep, definitely several manic newcomers cluttering the thread.

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As someone who is new to this thread trying to contribute I don't appreciate being shamed for posting. Not to mention your "get off my lawn" post is definitely not stock market related and is in fact clutter. Just some food for thought.

I'll see myself out now. Thanks!

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Hey! Newbies are most certainly welcome. One thing that is great about this thread is that it is very welcoming to most all.

When I mention a manic post, I'm talking more along the lines of all but begging certain posters for updates on their positions.. multiple times in a span of minutes. As someone who does this for a living, one of the first things I had to learn before I was successful was how to sell. Only you can know your risk tolerance and what is best for your account. I can guarantee that OA's exit points are often not going to be applicable to someone with a $10k account.

I also think it's important to understand that even the most successful people in here are posting opinions. I don't post much, but I've followed each of the WHALES in this thread for lottos over the years. I've won some and I've lost some. No one is perfect at this.

Keep posting, keep asking questions, we all learn from each other!

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Great post. i struggle on when to sell. I done it well with some and awful with other. I started to use Microsoft onenote as a journal of my buy and sells. I will then go back at my sells and see the current price and look at the chart for something I missed.

My recent fail was not selling at least half of VBIV when it rocketed up to over 2 the other days and then a few days later, they have a private placement at 1.10 and the stock tanked back down. My gut said to sell half, but I got greedy. My rule this year to make increase the percent of profitable trades. Not home runs.

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Straight up, no competition, I am the worst seller in the room. It is not even debatable. I've found some really nice entries but I get shaken out far too easily and when I do start to see green I'm bailing out before I have the ability to grow any real fruit.

Part of the problem is I suffered such a loss since the big drop that the options part of my portfolio barely has any funding so each play is now significant with regard to how it affects my ability to continue. I either need to loosen up or I'm going to sink the ship and have to go back to only buy/hold behavior.

Just got the Pattern Day Trade notification

Asked me to deposit $24K in my account before they liquidate my margin positions, of which I have none.

What do I do now? Sit quite for 90 days?

Rice and Fries said:

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Just got the Pattern Day Trade notification

Asked me to deposit $24K in my account before they liquidate my margin positions, of which I have none.

What do I do now? Sit quite for 90 days?

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Call and revert to a cash account, instead of an account with margin access

They'll never see me coming.

Open an account with another broker.

IrishTxAggie said:

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IrishTxAggie said:

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AggiePeeps06 said:

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Now down after hours. This is going to be a rollercoaster

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No it's not. I'm showing $42 bid and $42.25 ask real time.

What platform are you on?

Ignore AH. You're likely going to wake up tomorrow and this thing will be over $45.

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45.59

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The Oracle has revealed his powers once again...

McInnis 03 said:

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Rice and Fries said:

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Just got the Pattern Day Trade notification

Asked me to deposit $24K in my account before they liquidate my margin positions, of which I have none.

What do I do now? Sit quite for 90 days?

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You whale up like the Texags whale that you are and drop a cool $100k in that ***** and tell them to shush their mouths.

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This is what I did. Got flagged a week later for pattern day trading again.

Barty said:

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IrishTxAggie said:

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IrishTxAggie said:

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AggiePeeps06 said:

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Now down after hours. This is going to be a rollercoaster

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No it's not. I'm showing $42 bid and $42.25 ask real time.

What platform are you on?

Ignore AH. You're likely going to wake up tomorrow and this thing will be over $45.

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45.59

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The Oracle has revealed his powers once again...

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It's really not that hard. I trade mostly off of options flow. I day trade pivots just for some constant liquidity too, but 90% of my money is used in positions I came across on Cheddar Flow. When you see an equity get >$1MM on it on a weekly OTM call....you throw the ****ing kitchen sink at it.

Thinking I will sell half of LVS calls near the open, hold other half throughout today / tomorrow to see where they go

AnyOtherName said:

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McInnis 03 said:

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Rice and Fries said:

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Just got the Pattern Day Trade notification

Asked me to deposit $24K in my account before they liquidate my margin positions, of which I have none.

What do I do now? Sit quite for 90 days?

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You whale up like the Texags whale that you are and drop a cool $100k in that ***** and tell them to shush their mouths.

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This is what I did. Got flagged a week later for pattern day trading again.

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You should be able to keep trading. Just keep the cumulative $ amount you open and close each day less than the amount of cash that is in the account. That is another way to get around the 3 trades per 5 days limit.

IrishTxAggie said:

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Barty said:

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IrishTxAggie said:

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IrishTxAggie said:

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AggiePeeps06 said:

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Now down after hours. This is going to be a rollercoaster

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No it's not. I'm showing $42 bid and $42.25 ask real time.

What platform are you on?

Ignore AH. You're likely going to wake up tomorrow and this thing will be over $45.

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45.59

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The Oracle has revealed his powers once again...

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It's really not that hard. I trade mostly off of options flow. I day trade pivots just for some constant liquidity too, but 90% of my money is used in positions I came across on Cheddar Flow. When you see an equity get >$1MM on it on a weekly OTM call....you throw the ****ing kitchen sink at it.

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So barty and I have been trying to follow the flow and we find ourselves getting more misses than hits at this point. He set his filters similar to yours, but we're not as good at interpreting this stuff yet I imagine.

Do you only act on sweeps and ignore blocks, or do you look at them all with equal significance?

McInnis 03 said:

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Do you only act on sweeps and ignore blocks, or do you look at them all with equal significance?

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Equal significance. I don't care if it's a block, sweep, or split.

I think it is very clear that the market understands a good majority of those unemployed are in service oriented jobs. Ie: not long term

Does anyone have any good leads for Hotel, Restaurant and Leisure ETFs? Something to capture the gambling/restaurant industry without jumping into a single stock...

Ragoo said:

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I think it is very clear that the market understands a good majority of those unemployed are in service oriented jobs. Ie: not long term

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I think the market understands the fed has artificially propped the market with trillions of dollars and unemployment at $20+ an hour. Service industry or not, that's a lot of missed rent and credit card payments.

opening dip got eaten right up.

Any of you technical guys use the AVWAP as an indicator? I'm trying to get a handle on this one and haven't quite got the jist of it yet. Seems powerful, but I wonder if it's only a great "hindsight" tool?

What was this % of the population?

We are around 7.5% of the total population and 14%+ on the working population.

Are other countries getting hit this bad? I don't hear about mass layoffs in Europe minus the UK.

Follow Trendspider on Twitter. He uses it A LOT.

Prognightmare said:

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Follow Trendspider on Twitter. He uses it A LOT.

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That is where I picked up on it, just started following him 2 days ago. I guess some time reading his stuff will help me out a bit.

I'm trying to get more familiar with it myself when I have time to research.

DFS goes green

gougler08 said:

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DFS goes green

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That chart looks really good to me.

Carlo4 said:

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Marketwatch told me the rise in the market is due to unemployment numbers slowing down... to 4.4 million weekly.

We lost around 8-9 million in the "Great Recession" of 2008/2010. Hmmmmmmmm

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The difference is half of these jobs will be back by the end of summer.

gougler08 said:

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DFS goes green

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Shakeout. I bought more at $1.1. 3.5wks until expiration. Cost is b/e now

Aggietaco said:

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Prognightmare said:

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Based on the volume today, I believe SDC busts through 6 at the open unless futures are down 500.

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Sitting at 6+ pre-market. Going to be another profit taking and then slow rise day?

I might buy into a few shares at the early sell off to see what happens.

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It almost got there, now just watch for volume on the minute chart to see if it will push through.

If my charting of AVWAP is right (WHICH IT PROBABLY ISN'T) the next resistance on AVWAP would be 6.41 or so for SDC. I just got in the $6 calls for next friday which have a LOT of action on them.