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24,736,516 Views | 233445 Replies | Last: 4 min ago by BucketofBalls99
sts7049
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sts7049 said:

my gamble this week is on weekly AMD calls
well, this was a fail. but i'm making it back up now with TSLA puts
$30,000 Millionaire
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Here is your dip if it holds this level. Let price react first for ~30 minutes to confirm stability.
You don’t trade for money, you trade for freedom.
Ranger222
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Ranger222 said:

Markets have had a lot of opportunities to crack 390 and haven't. Looks like up

you fool
J.P. 03
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$30,000 Millionaire said:

Here is your dip if it holds this level. Let price react first for ~30 minutes to confirm stability.
Honestly surprised at how little fight 3855 put up given what Mancini said yesterday about it being strong support. Agree with your advice to sit tight for a bit here and see if this was a false breakdown before the bulls reclaim 3855 and try to stage a rally from there. If so, this could be a great place to pick up some well-timed calls.
$30,000 Millionaire
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J.P. 03 said:

$30,000 Millionaire said:

Here is your dip if it holds this level. Let price react first for ~30 minutes to confirm stability.
Honestly surprised at how little fight 3855 put up given what Mancini said yesterday about it being strong support. Agree with your advice to sit tight for a bit here and see if this was a false breakdown before the bulls reclaim 3855 and try to stage a rally from there. If so, this could be a great place to pick up some well-timed calls.
Support and resistances are zones, not exact. An overshoot is normal as long as it reclaims quickly.

The volume is not exceptional, that should tell you something about the move. A bunch of people got long at 3940 thinking 4000 was inevitable. Market will cause pain under those circumstances. I personally wouldn't be that worried unless 3800 trades.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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It's an xsp exp day...
$30,000 Millionaire
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This level has clearly defended.

If you go long, your stop is just below today's low. Buy time or buy shares. No 0 DTE.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Because I am always trying to teach you guys - this may not work - but I bought UPRO at 36.97 with a 36.25 stop, GTC. I will take some profit at $38 if we get there and move stop to B/E.

Why that stop? Below that point we will gap fill from Friday's breakout.
You don’t trade for money, you trade for freedom.
AgsMyDude
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AgsMyDude said:

You take a sabbatical?
guess not
Ranger222
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its eerie sometimes how well the charts follow certain moving averages....

I like to watch the 4h charts, and I use the 8 and 34 periods as my MAs. Since the decline in January, the 4h SPY chart has followed the 34 MA down as resistance during the declining periods, with only two instances breaking above the 34 MA - once between mid-March to mid-April, and then again from late May to early June before the recent decline. We are now testing the 34 MA again through the first part of this week, and failing. The current 4h candle has met the 8 MA below as support. The same candle has happened before - on the morning of April 21st, right before a new declining trend

Tried to mark those candles with white arrows

$30,000 Millionaire
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AgsMyDude said:

AgsMyDude said:

You take a sabbatical?
guess not

Effectively, yes.

I have some time today and there has been vol.
You don’t trade for money, you trade for freedom.
AgsMyDude
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good for you!
Brian Earl Spilner
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Feeling like Jessie Spano this week. Went from so excited to so scared right quick.
BaylorSpineGuy
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Brian, are these caffeine pills?!?
wanderer
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BaylorSpineGuy said:

Brian, are these caffeine pills?!?
POTD
Lake08
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The vast majority of "experts" and charts had the market making a nice move this week. It's funny to see how they backtrack once the opposite happens
Carlo4
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wanderer said:

BaylorSpineGuy said:

Brian, are these caffeine pills?!?
POTD


He put his mind to it. Went for it.
J.P. 03
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Lake08 said:

The vast majority of "experts" and charts had the market making a nice move this week. It's funny to see how they backtrack once the opposite happens
This. One very important thing I've learned in my journey so far is that the only people you want to follow on Twitter and elsewhere are the ones who speak in terms of "If _____ then _____," because it means they're reading charts and waiting for confirmation before making a move, and they're humble enough to know they could easily be wrong.

Nobody bats 1.000, especially not in this market, so run as fast as you can from the guys who make it sound like they do.
BaylorSpineGuy
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Added to my JPM puts.
sts7049
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hope you took your TQQQ profits
sts7049
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Brewmaster
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BaylorSpineGuy said:

Added to my JPM puts.
down here??

I think from a seasonality standpoint, this is just our end of June dump. If only I had traded it...

Lake08
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BREwmaster said:

BaylorSpineGuy said:

Added to my JPM puts.
down here??

I think from a seasonality standpoint, this is just our end of June dump. If only I had traded it...






But I thought it was suppose to go higher because end of quarter window dressings…lol
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Chef Elko
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Damn :/ got too greedy waiting to layer on my SPY $360P when we got to $400
BaylorSpineGuy
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115P expiry 9/16. Expect we will be in low 100s at that time.

It popped up and rallied down today. Good day to add IMO. Had rallied up for a few days.
Brian Earl Spilner
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Didn't hit my 30 limit price.
Jet Black
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Anyone considering buying TQQQ at $25?
Ag CPA
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Felt like a weird day, overall seemed pretty quiet but the losses stacked up as the day went on.
sts7049
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star if you made money today
$30,000 Millionaire
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Jet Black said:

Anyone considering buying TQQQ at $25?
In the interest of helping: what is your reason for buying it here?
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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sts7049 said:

star if you made money today
Trading yes, portfolio, lol.
You don’t trade for money, you trade for freedom.
Jet Black
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$30,000 Millionaire said:

Jet Black said:

Anyone considering buying TQQQ at $25?
In the interest of helping: what is your reason for buying it here?


Boredom. I actually didn't buy it.
Bob Knights Paper Hands
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I made a little on the first move up. Then I was busy and everytime I checked back in I didn't like the setups. I kept thinking we might reverse and I didn't have enough time to actively monitor so I sat out.
FJ43
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FJ43 said:

lobwedgephil said:

Interesting rejection for now, Powell will decide next move.
Yup. Trend, SR and a Fib. We shall see. I'm being patient for the next short play. Would like to see 383-388ish then short out a bit.

Has to get over the above rejections though.
What did y'all do here?

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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