Thanks
Jet Black said:
I'm fairly new to this but it seems like these things don't often pan out. Talking mainly about the rumor mill being right.
if you're trying to make me feel better you're doing a terrible jobJet Black said:
I'm fairly new to this but it seems like these things don't often pan out. Talking mainly about the rumor mill being right.
FJ43 said:
Survey: VALE - Hold or Sell?
Chin up brother. Gains, losses and sideways movements all have valuable lessons. I hate losing more than I like winning so it motivates me to win the next one. Get back on the horse and ride to Valhalla on the next one.Charlie Conway said:if you're trying to make me feel better you're doing a terrible jobJet Black said:
I'm fairly new to this but it seems like these things don't often pan out. Talking mainly about the rumor mill being right.
Same for me and god take. One tweet from Elon and can direction change. Even if short term. Taking this one long(er) myself as well. Would have liked the bounce but didn't buy counting on it.NRD09 said:FJ43 said:
Survey: VALE - Hold or Sell?
Riding these to 0. At any moment Elon could tweet about a partnership with vale to source x tons of Nickel from their Canadian mines. Apparently one of the slides in the presentation actually had a vale logo on it? Think OAs leaps are gonna win this one though...
that's why they call these lottos, you go in very small and hope for that slow pitch softball to hit.Jet Black said:
I'm fairly new to this but it seems like these things don't often pan out. Talking mainly about the rumor mill being right.
That's going to be a juicy model T to short....khaos288 said:
Boy how did we miss CVNA today?
true, at least for now. I'm just using it to help me with short term trends, from day to day really...oh and honing chart drawing skills I should post an equity. Okay, here we go, MBIO. Wedge breakout, followed by a new wedge currently, and also looking cuppy n handle-ish.$30,000 Millionaire said:
Too early to worry. Maybe at $96
I have been in and out of this one and snake bit on it so far. I have alerts set but want to see if this tests lower levels before buying more. It has broken down through the $2.10ish level spike from late July and next stop as far as I can see if the $1.55ish range. If it breaks down more it was riding under $1.00 prior to July 21st so not convinced we aren't headed there yet.Orlando Ayala Cant Read said:
Are you any of you accumulating MARA in the $1.70s/1.80s? Seems like a great accumulation spot based on the last few months but I'll defer to some of you that are more knowledgeable .
Of course, I'm only using lunch money not kids college money here.
Great chart BREwmaster! I have been practicing charting skills and need to master it myself. Been loading up on MBIO for weeks now as one of my Bio plays (my largest actually). Next few weeks with this one will be interesting.BREwmaster said:true, at least for now. I'm just using it to help me with short term trends, from day to day really...oh and honing chart drawing skills I should post an equity. Okay, here we go, MBIO. Wedge breakout, followed by a new wedge currently, and also looking cuppy n handle-ish.$30,000 Millionaire said:
Too early to worry. Maybe at $96
Thanks 59. This is one of the main reason I enjoy this forum so much. So many on here willing to share, help and enjoy the ride with. This is all just too much fun.59 South said:
Thought I'd share my newer options process that I started using a while back (small sample size but batting 1.000 so far). It has replaced my previous reckless, emotional, 'wait for others to tell me what to' do 'process' I was using to 'learn' previously 2018 into 2019:
- Plan out every options play like the chart below - treat it like you would a long term investment
- Plan out what to do in various scenarios, ie sell when underlying share price loses a critical support level, sell at least a portion if rejected at critical resistance level (note PINS didn't really have that much of a problem with 40 yesterday so I adjusted targets higher)
- Utilize (utilise) '3 day rule', history tells us that big moves in either direction usually culminate on day 3 of the move and usually at the open. So for PINS, tomorrow morning target for a short term peak? Look closely at the chart to see what I'm talking about! It's all over the PINS daily chart over the past month and in both ways.
- Take all the 'gut feelings', emotions, etc out of it and make it mechanical (yeah this is waaaay easier said than done)
- Don't FOMO, don't YOLO.
- Don't have more than 2 options plays at a time, target one 'sure fire' entry per week in a name you're familiar with (exceptions made if stars align and there is consensus between at least 2 trusted sources... hello PINS (thanks OA + Stewie).
These are my lessons learned (learnt) that have made things drastically easier and better performing for me so felt obligated to share...