TICK -1000, hang on kids.

Carlo4 said:

---

volatility being flat is not what I expected on a day like this. I did double my position as UVXY tanked a dollar at the open and bought with the volume. so far so good but have my stop losses in place.

---

nevermind. I'm good now. That was a $1,000 swing in about 20 min.

Bought SPY 353calls on that tick -1K

Maybe we can get a Friday rally

McInnis 03 said:

---

Bought SPY 353calls on that tick -1K

---

Flipped'em for a quick 10%

what is the tick? How do i monitor it?

AgDad77 said:

---

In the AMD at .27
Lets see what happens

---

In at .30.

YOLO.

AgShaun00 said:

---

what is the tick? How do i monitor it?

---

best way is to just watch for mcinnis to post

If you don't watch @RedDogT3's 5:30am video on twitter you should.

He put out a speculative play this morning on an 18.5/20C spread for $JETS, dated next friday. If the airlines get a bailout between now and then, it's basically $.50-$.60 to possibly get $1.50 in total return.

AgShaun00 said:

---

what is the tick? How do i monitor it?

---

What service do you use?

tailgatetimer10 said:

---

McInnis 03 said:

---

tailgatetimer10 said:

---

Thank you for the reminder on this. I was thinking about doing that this morning anyway. In on this one.

---

Don't thank me yet!

---

You lost all my money!!

---

You were warned. #StoneHands I certainly hope you played small, the good news is that there is time. These will NOT rebound today.

I bought SPY 351 weekly puts on Tuesday literally right before the rip your face off rally in the last 10 minutes at $1.80. And with the rally yesterday I was down 80% and was going to dump it for what I had left or risk it expiring worthless for the chance the market dumps. This morning I bought a few more puts after seeing Tech getting crushed to bring my average to $1.20 and I just sold at $1.60. Best feeling in the world

Haha, just giving you crap. This was a gamble to begin with.

Why the sell off?

Well it's now worth $2.10 so that sucks.

Anybody think it's odd the Vix is up so little given the action today?

bmks270 said:

---

Why the sell off?

---

My thought? Because yesterday was INSANE-O.

McInnis 03 said:

---

AgShaun00 said:

---

what is the tick? How do i monitor it?

---

What service do you use?

---

fidelity

AgShaun00 said:

---

McInnis 03 said:

---

AgShaun00 said:

---

what is the tick? How do i monitor it?

---

What service do you use?

---

fidelity

---

Well, for me on TDA I use $TICK to get my tick chart. TICK is a measure of every stock on the NYSE and if it's trading up, or down in that specific moment. If TICK hits -1000 or +1000, that means that there is some serious selling, or buying going on, and it's hard to maintain that level of energy for a long period of time. There are methods to fading or riding these numbers in John F. Carter's book "Mastering the Trade". I follow a lot of his setups from this book.

McInnis 03 said:

---

This is the daily chart for SPY. That solid yellow line is the 8 day EMA, and teh yellow shaded area is a very wide 5day-13day cloud. This has been a rip-your-face-off rally the last few days. Usain Bolt can't run that many races without catching his breath and neither can SPY.

(this is all just my uninformed opinion, someone smarter than me can come in here and tell me I'm an idiot and I'll agree)

---

Yeah I'm not all that concerned about a red day here until we lose the 8 and/or 21 EMA

So is today the big correction? Or the start of the big correction many people have been talking about? I thought ONTX day was bad....this is about to be worse!

Interesting history and date. Happy Birthday.

Quote:

---

The market had been on a nine-year run that saw the Dow Jones Industrial Average increase in value tenfold, peaking at 381.17 on September 3, 1929. Shortly before the crash, economist Irving Fisher famously proclaimed "Stock prices have reached what looks like a permanently high plateau."

---

Blind luck or starting to learn Im still not sure but thank goodness for some SPY puts bought yesterdat with some profits that I am somehow actually up a small percent today...

My puts are finally going to pay off!

khaos288 said:

---

khaos288 said:

---

yikes, 40% of my profit from the last week wiped out over night.

---

52% now. Geezus what a blood bath.

---

84%. Can I get a break now?

Where is $30K, can someone check on him?

Bulls trying to hold 3500, it's going to bounce or crash through.

$30,000 Millionaire said:

---

I am in:

• AMD 09/11 90C
• FB 09/11 302.5C
• BAC 09/18 27C - this is a lotto for me, will let go to zero most likely
• OSTK 09/11 65P - short, waiting for theta decay
• NVDA 09/18 520/530 - locked on this, wait for expiration
• CRWD 09/04 140/130 bull puts - earnings play
• RKT 09/04 35/40/45 McFly - earnings play
• SPY 09/11 355P - don't get me started on this ridiculous **** going on.
• SLV 11/20 20C - just going to wait
• VXX 09/11 27C - set a stop at B/E, going to see where we can go with these bad boys
• ZM 09/18 282.5/287.5 vertical - hilariously in the money, just need to wait
• ZM 340/350/360 McFly - only bought two, these are dead unless there is a crash

---

CURRENTLY:
LOSER
LOSER
SLIGHT WINNER
YOU'RE GETTING RICHER
HOLD ON TIGHT
LOSER
LOSER
WINNER WINNER HOLY CRAPS WINNER
WINNER
SLIGHT WINNER
WINNER
UNBELIEVABLE BUT IN PLAY

-1000, Here we go again.

This is really heavy tape, institutional selling type tape.