Good grief who decided to flush the macros???
Stock Markets
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Last: 12 min ago by ac04
PFE vaccine issues apparently. Algo trading off headlines?
could be the top.McInnis 03 said:
$SPY
TIMBERrrrr
$MexicanCementCompanyNotToBeNamed
Just sold Jan $6.00 covered calls after this tasty recent run up. If someone wants to give me $6.30 for my shares, they can have 'em! Ole!!!
Just sold Jan $6.00 covered calls after this tasty recent run up. If someone wants to give me $6.30 for my shares, they can have 'em! Ole!!!
Best guess is Pfizer saying they would only ship 50% of what they thought they could of the vaccine this year due to supply chain issues. But still, that reaction is kinda ridiculous...
It is easy to see which stocks have strength behind them when that happens.McInnis 03 said:
$SPY
TIMBERrrrr
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Loaded up on SPY 366C's for Friday on that drop.
I will buy at 3:14 for tomorrow.McInnis 03 said:
Loaded up on SPY 366C's for Friday on that drop.
Red Friday?
$SPYMcInnis 03 said:
Loaded up on SPY 366C's for Friday on that drop.
And already dumped them on that next big red candle. Watching the 1mins right now.
oh my god, we're back to levels not seen since earlier this week.
McInnis 03 said:$SPYMcInnis 03 said:
Loaded up on SPY 366C's for Friday on that drop.
And already dumped them on that next big red candle. Watching the 1mins right now.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
You still holding AMZN?
BTFD
Man what did you guys do? I'm on the phone for a work call for 20 minutes and it all goes to hell.
$ET and $MP looking good through all this. Unfortunately, so is $MGNI
Don't worry guys... MGNI still holding strong
One of the McInnis twins scalping everyone's stuffCPDAggie10 said:
Man what did you guys do? I'm on the phone for a work call for 20 minutes and it all goes to hell.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Did this with 1/15 $7.5 for 2.55, gives me shares at 4.95wanderer said:
The way I've approach WWR is to sell Feb 7.5P for $3.25. Either pocket the premium or get assigned @ $4.25
How many of you will admit you searched for ticker symbol BTFD following Ranger's post? I did, oh and I BTFn'D too.Ranger222 said:
BTFD
Orlando Ayala Cant Read
Joined:
May 17, 2004
Posts:
69,621
How long do you want to ignore this user?
AG
$30,000 Millionaire said:
oh my god, we're back to levels not seen since earlier this week.
Lol
$WWRjwhitlock3 said:Did this with 1/15 $7.5 for 2.55, gives me shares at 4.95wanderer said:
The way I've approach WWR is to sell Feb 7.5P for $3.25. Either pocket the premium or get assigned @ $4.25
I also sold some May $5P for $2.10. Not expecting it to get assigned, but a 40% ROI on something I wouldn't mind owning.
Long ball! Only the strategist bank these because most live in the moment. Blue star for you.Mr President Elect said:$WWRjwhitlock3 said:Did this with 1/15 $7.5 for 2.55, gives me shares at 4.95wanderer said:
The way I've approach WWR is to sell Feb 7.5P for $3.25. Either pocket the premium or get assigned @ $4.25
I also sold some May $5P for $2.10. Not expecting it to get assigned, but a 40% ROI on something I wouldn't mind owning.
yes. $AMZN sells off on Fridays. I am going to add 3300/3400 for Jan.McInnis 03 said:
You still holding AMZN?
Is it really? Any reason? I don't get on twitter a lot but tried to search and didn't see anything.krosch11 said:
$Roku
is trending nationwide on twitter.
it was trending on the front page under entertainment due to the warner brothers news about movies dropping. Sparked a ton of conversation about the HBO max deal coming to fruition.
$AMD
Yea I'd posted earlier today if we saw a breach of 92, a flash down to 90 would be a good entry. 92 held all day so it might have been the bottom and might not have. Still think we get 100 in the next two weeks which was my play when I entered 87.5 calls 12/18 over two weeks ago. I'm being patient with it. Can withstand a little more consolidation if that happens.
Ps good to see you back. We need moar posting from you!
Yea I'd posted earlier today if we saw a breach of 92, a flash down to 90 would be a good entry. 92 held all day so it might have been the bottom and might not have. Still think we get 100 in the next two weeks which was my play when I entered 87.5 calls 12/18 over two weeks ago. I'm being patient with it. Can withstand a little more consolidation if that happens.
Ps good to see you back. We need moar posting from you!
Try thinking of it any time a stock has a quick rise (or fall) .... the Model T can apply. When it drops and bottoms out (or tops on a quick rise) and confirms a reversal, there is a high probability you can trade that stock at least back to the 50% mark between the high and low points.CrazyRichAggie said:
I'm trying real hard to learn so when OA stops posting I can continue to trade successfully but I still really don't understand this and I know I wouldn't be able to spot it on my own.
Look at OA's lower chart and see the top, bottom, confirmation of retracing and where it crossed the 50% mark back up but didn't continue. If this would have had another candle positive chances are it would have a continuation upward and possibly retest the high point.
So anytime you see a gap down (or up) and/or quick rise pay attention for it to reverse course. That could be your entry point.
Make sense?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Here is the thing (and I don't know the answer I'm just throwing it out there) -- did the breakout today really fail? Yes, by the chart it did but the chart was impact by news and algos. I see it as a breakout and re-check -- it just so happened that news crossed during that re-check that sent it down.
Normally this situation would be a GTFO signal for me....failed breakouts usually mean downtrend for the near term. BUT....I'm not so convinced and think we recover just fine and the up trend is going to continue. Just my feeling. Individual stock names weren't really impacted from what I can see -- most trends intact.
Normally this situation would be a GTFO signal for me....failed breakouts usually mean downtrend for the near term. BUT....I'm not so convinced and think we recover just fine and the up trend is going to continue. Just my feeling. Individual stock names weren't really impacted from what I can see -- most trends intact.
If you keep looking for them you'll be astounded at how many times there is a big swing up or down and that swing gets retraced 50%. Once you get a feel for it it will help to keep you from chasing because you'll actually want the swing to finish so you can figure out a Model T retracement zone (40%-60% for example) and then set alerts for it! If the alert doesn't go off, then oh well, but getting to set an alert and forget about it and not FOMO is great for risk management.
For example a recent winner I had was from a daily chart of RUN, you'll see the monster move over a few months from 20 to 80, then month after it had an intraday flash down to 50 for a perfect Model T which was a perfect time to hop in for some ATM calls.
(I am no expert so take what I say with a grain of salt but using it for instances like this gives me a very solid win rate)
For example a recent winner I had was from a daily chart of RUN, you'll see the monster move over a few months from 20 to 80, then month after it had an intraday flash down to 50 for a perfect Model T which was a perfect time to hop in for some ATM calls.
(I am no expert so take what I say with a grain of salt but using it for instances like this gives me a very solid win rate)
And this is always looking at the 1 minute candles?
It can apply to any time frame. If you are watching 1 Min you may have to be quick since within minutes it can reverse and be out of the opportunity. Example would be earlier on this thread where McInnis was in and out in minutes of an options play (scalped it or took a quick in and out trade for a profit). Try starting by looking at Daily or Hourly and apply the methodology.CrazyRichAggie said:
And this is always looking at the 1 minute candles?
Great practice to just pick any stocks on a chart with a rise or fall and draw some "T"s on it and see how repetitively this happens. After you do that a few times it will be one of the the easiest to spot.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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