This is very different from 2020. The fed was propping up the economy back then and you should never fight the fed. The fed is removing support this year and the economy is being supported by consumer debt. This wave up is almost over.gig em 02 said:$30,000 Millionaire said:
I think we are going to sell into the close for profit taking.
In 2020 I expected the market to go down more and kept thinking that it didn't make sense we were running up, so I kept shorting and losing.
I think the same thing now and it's still going up after 6 green qqq days. What should I look for to know that it's time to throw logic out the window and just ride the wave up?
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Guess I should've cut SQQQ losses AH last night. Crap.
Bob Knights Paper Hands
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We think. We still shouldn't be in the business of predicting, especially with more and more stocks getting above their 50 & 200 ema.
WWR at $1.25.
Irish 2.0 said:
I learned and still use PS60 with Dan Shapiro. I think several posters in here are in his webinar or follow his trades on Twitter. I'm still in his daily webinar. His recorded videos of his process are very informative and the process works if have the discipline and stick to the plan.
Nice. Thanks. Exactly type of info I was looking for.
Agreed. Just a warning for everyone going long here. I'm not shorting yet, but I am selling everything I bought when SPX was 36XX.Bob Knights Liver said:
We think. We still shouldn't be in the business of predicting, especially with more and more stocks getting above their 50 & 200 ema.
WestTexAg12 said:
WWR at $1.25.
I may get yelled at for asking and should go back and re-read this thread...but...what were the original #s people thought this stock would get to that caused all the frenzy? Are there estimated revenues that were pitched that still seem viable and just has taken a lot longer to get the factory, approvals, etc?
What is going on with $COIN?
Appears they are going to partner with BlackRock. That's the only big news I can find.
$15-$20 - I'm just hopeful someone pumps it enough that I recover some of my moneyplanoaggie123 said:WestTexAg12 said:
WWR at $1.25.
I may get yelled at for asking and should go back and re-read this thread...but...what were the original #s people thought this stock would get to that caused all the frenzy? Are there estimated revenues that were pitched that still seem viable and just has taken a lot longer to get the factory, approvals, etc?
Open with a slight sell off on job numbers and then back to our regularly scheduled pump.
Is OA dropping a bunch of cash on WWR this morning to prove a point? Somebody is buying and I'm ok with it.
That's about all I can bear for now. Out of SQQQ for -11%, -$1146.
Guess I was due a loss after last month.
Guess I was due a loss after last month.
where does WWR think she is going?!
Bob Knights Paper Hands
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I think the target was $15. I had some doubts that financials could support that based on the graphite prices a year ago. However with inflation, supply issues, China issues, and the continued push for EV and electrification in general, graphite prices may very well be there to support that. The biggest negative, in my mind, was the approval of that massive shelf. That's been a big anchor on the price since. I still kick myself that I didn't immediately sell 75% or more of my shares after that passed.
Interesting. I am tempted just to dabble a bit. I know it was lower not too long ago and is still very speculative but might be worth grabbing a few hundred shares with play money just to join the fun...thinking...
Bob Knights Paper Hands
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Got out of my TSLA puts for surprisingly low loss (23%) and made a small profit (~$400) on some TSLA calls. I'm not able to trade the rest of today nor monitor calls, but if TSLA gets to $950 I'll really be kicking myself.
Another option is... well Options.planoaggie123 said:
Interesting. I am tempted just to dabble a bit. I know it was lower not too long ago and is still very speculative but might be worth grabbing a few hundred shares with play money just to join the fun...thinking...
Jan 24 2.50 LEAPS are at .46 right now.
TChaney said:Another option is... well Options.planoaggie123 said:
Interesting. I am tempted just to dabble a bit. I know it was lower not too long ago and is still very speculative but might be worth grabbing a few hundred shares with play money just to join the fun...thinking...
Jan 24 2.50 LEAPS are at .46 right now.
Or sell naked puts
Well my almost $13k in profits from leveraged trading last month is now at $11k after stupidly trying to time the dip with inverse plays. Clearly that's not working out, plus the market is just indecipherable right now for me.
Gonna sit on some cash for a while and let my long term holds do their thing for now.
Gonna sit on some cash for a while and let my long term holds do their thing for now.
TxAgLaw03RW said:
Is OA dropping a bunch of cash on WWR this morning to prove a point? Somebody is buying and I'm ok with it.
Chatter is multiple insiders buyer in the past week.
She's not going anywhere.bmoochie said:
where does WWR think she is going?!
- Signed by a longtime bag holder with another attempt at reverse psychology
Of course the day I give up on SQQQ is the day QQQ starts dipping immediately after.
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We got another one, fam! I still think this one will have difficulties moving up substantially until we get speculative money flying around again or unless they begin producing and selling a product.
Are you even investing if you haven't "dabbled" with WWR?
I went bag cutting like crazy last late spring... CLOV, PLTR, SOFI, etc... just to name a few.
WWR was one of these.
I just started a very small position again.
WWR was one of these.
I just started a very small position again.
Ha! we are holding that bag together don't you worry. I took Mass Accumulation to heartCuppa said:She's not going anywhere.bmoochie said:
where does WWR think she is going?!
- Signed by a longtime bag holder with another attempt at reverse psychology
Me offering a pick is probably the clearest signal for a top, but the chart for IMMR looks to have broken out from consolidation.
ETA: if it does hold, it'll probably take some time to grind through 6.50 - 7.00. Could be a good candidate to sell calls against
ETA: if it does hold, it'll probably take some time to grind through 6.50 - 7.00. Could be a good candidate to sell calls against
AMD is running today. I'm assuming it's due to the Goldman Sachs price target raise.
Maybe an attempted short squeeze, too. Something like 22% of open interest is sold short. If the WallStreetBets crowd is pushing it, that might add to the rise in price.Saltyag15 said:
Appears they are going to partner with BlackRock. That's the only big news I can find.
People think I'm an idiot or something, because all I do is cut lawns for a living.
bmoochie said:Ha! we are holding that bag together don't you worry. I took Mass Accumulation to heartCuppa said:She's not going anywhere.bmoochie said:
where does WWR think she is going?!
- Signed by a longtime bag holder with another attempt at reverse psychology
I took it to heart at 4.59
A couple of massively critical stocks especially for tech AMZN and AMD have recaptured and holding above 200 day so far this week.
Market breadth in this rally has been good, don't discount that just because of how you feel.
I entered (and posted) quite a few longer term stocks back in late June and all are green except OSTK. AMZN and SQ have been big winners in a short time. Getting the itchy finger to sell some calls out to September soon.
Market breadth in this rally has been good, don't discount that just because of how you feel.
I entered (and posted) quite a few longer term stocks back in late June and all are green except OSTK. AMZN and SQ have been big winners in a short time. Getting the itchy finger to sell some calls out to September soon.
If this post is on the B&I forum, lighten up it's just money!
Disclaimer: I'm not that smart.
Disclaimer: I'm not that smart.
Horrible chop. Took a couple Ls. Stopping before I make it worse.
You don’t trade for money, you trade for freedom.
I'm off this week and back from a nice trip today. Had planned to trade tomorrow but the kids talked us into legoland tomorrow. Priorities… I guess
If this post is on the B&I forum, lighten up it's just money!
Disclaimer: I'm not that smart.
Disclaimer: I'm not that smart.
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