Both you and NRD09 have worked boxes or channels masterfully last year. When you do this do you set a sell or buy and let it automate or do you sell or buy manually and either watch the stock or set alerts? If you set alerts or orders what do you choose as your high and low? Do you simply use the top and bottom of the box or channel? Do you have a fixed percentage inside of the top and bottom that you use? Do you mind MAs for 5, 10, 20, or 50 that you might cross or mostly ignore those as long as the box or channel continues to hold?
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Last: 6 hrs ago by El_duderino
Bob Knights Paper Hands
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Pretty strong bounce on that one.leoj said:FJ43 said:
Hope I am not wearing y'all out with charts. Having fun and checking up on our 'kids' many have invested in.
MBIO
Not time to panic it hasn't went to the moon. Look at what was resistance and what is now appearing to be support. If it get lonely higher $4 is home. More importantly look at the volume profile.
Long for me.
A similar move
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
okay that's what I thought it might be, thank yousts7049 said:
it's because this forum cant figure out how to get embedded tweets to show up properly
Any thoughts on WIMI
NRD may have a different approach but this is what I do anyway. I've used this to both take profits/reduce cost basis and also get a few net free shares down the channel. Yes I get bored so just a video game to me.Bob Knights Liver said:
Both you and NRD09 have worked boxes or channels masterfully last year. When you do this do you set a sell or buy and let it automate or do you sell or buy manually and either watch the stock or set alerts? If you set alerts or orders what do you choose as your high and low? Do you simply use the top and bottom of the box or channel? Do you have a fixed percentage inside of the top and bottom that you use? Do you mind MAs for 5, 10, 20, or 50 that you might cross or mostly ignore those as long as the box or channel continues to hold?
Assuming the stock is in a channel/darvas box it's really easy to draw lines for resistance and support over the period. I extend them out days past the active day to see what to expect. As long as the stock remains in the overall trend which would be above the 21 day at a minimum and hopefully the 8. I set alerts at the expected support and resistance levels generally a bit above support and below resistance. Not an exact equation for me where just learned not to set them at the line. I missed many that way. When the alert goes off if gives me time to at least take a glance or look at it to make sure nothing has dramatically changed. I do at times set a sell order in place since it if sold it would be at a profit. I seldom set buy orders though just in case.
I only do this for sideways movement or up-trending stocks. It can be applied and have done it for downtrending as well but those are just swing trade types. Downtrending stocks aren't my favorite but thinking I better get good at them before too long.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
FJ43 said:Whew good because I have fun not only looking and learning on them but also the platform itself. Figure practice makes perfect.AgEng06 said:Absolutely not, these are great.FJ43 said:
Hope I am not wearing y'all out with charts. Having fun and checking up on our 'kids' many have invested in.
The charts are great FJ! Do you find the charting on this platform works better than others have previously?
Colt98 said:
Any thoughts on WIMI
I like the chart for long term...has a gap up to close at $10.46 and is still significantly below the model T on the daily from the huge run up in July, which would be around $17 or so
Will probably see if it comes back to me on a dip to enter, good find!
Charismatic Megafauna
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AG
I feel like I've gotten wrecked a lot in the last year missing breakouts because I'm working channels, but thank you! Vst was one of my main ones for a while and it was easy because it's just a boring power generation company, but i never try to automate anything options related because i don't think i really have a feel for options pricing yet (or a profound knowledge of the greeks). Also you have to monitor any good till closed options order closely due to Theta. So i literally just eyeball the chart, pick a couple tops and bottoms, and sell calls with strike at or above a top as it's approaching tops, sell puts with strike at or just below a bottom when it's approaching bottoms. The idea being that if there's a bounce off support or resistance then there is minimal chance the time of that bounce coincides with my opex. Like i got assigned 300 shares of crwd last fri and sold 130 strike crwd calls today expiring tomorrow. Crwd's last bounce off resistance was 336ish and given the rotation to tech and macro environment i think it's headed to test it again, so I thought about waiting until next week to sell 130s or 135s when it gets closer, but with one day and another 6 bucks to go i decided to just do it. A hundred bucks is a hundred bucks! So tomorrow's probably gonna be a $10+ day run 
Sorry for the stream of consciousness, but that's literally the process i go through
Sorry for the stream of consciousness, but that's literally the process i go through
AAPL hasn't done anything yet. Feb 19th should be fine to get the move to where the original options targets were.
WWR - I am laughing at you guys scrambling on covered calls.
WWR - I am laughing at you guys scrambling on covered calls.
a great problem to have! (WWR)oldarmy1 said:
AAPL hasn't done anything yet. Feb 19th should be fine to get the move to where the original options targets were.
WWR - I am laughing at you guys scrambling on covered calls.
Thanks. I have a lot of fun with them. Like anything the more you do it the more fluid it becomes.OutlawAG04 said:FJ43 said:Whew good because I have fun not only looking and learning on them but also the platform itself. Figure practice makes perfect.AgEng06 said:Absolutely not, these are great.FJ43 said:
Hope I am not wearing y'all out with charts. Having fun and checking up on our 'kids' many have invested in.
The charts are great FJ! Do you find the charting on this platform works better than others have previously?
Honestly I wish I could combine TWS and TOS in terms of playing with charts. Both are excellent and have features the other doesn't. Maybe doesnt is the wrong word. One may be easier to do a certain function that the other and the opposite is also true. Quite possible on TWS I just havent found the short cut function yet. It's pretty advanced in my opinion. Tons of customization available. I had a harder time learning TWS initially just because there aren't as many YouTube videos and tutorials. So seat time. If I have to pick one now it would be TWS. I like the crispness and certain functions better. To me it's just a smoother platform overall. Especially order placement. But that may be a Ford or Chevrolet argument for some also.
Edit: Not sure if Lite and Pro are the same for TWS.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Bobcat-Ag said:What does that "tightening" mean? Things looking positive or negative for the price?jbeck3487 said:
TSLA is tightening on the daily chart. I could be an interesting one to watch the next 2 weeks.
Here is a picture of the daily chart of TSLA. My Bollinger bands are the White lines on the chart. The lighter shade area is the area between the upper and lower Bollinger band. The middle white line is the 20 day simple moving average based off the close. I zoomed out for you to see previous examples of how the bands tightened down on the candles.
Notice how the bands tighten down to a smaller area. Then there's a large move (up in all these cases). The tightening of the bands signify a channel the price is staying in much like a Darvis Box. It's like the stock is building up energy and the longer it is in the channel the larger the move out can potentially be.
Mostly Foggy Recollection
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Agreed. A perfect brokerage would have IBKR hours and markets, TWS/TOS best of platform and a C++ suite for do it yourself algos to trigger options and stock trades. .
That's not asking too much. Who can code here?
That's not asking too much. Who can code here?
I don't have the tweets handy, but some of the elliot wave guys are going ****oo for TSLA at the moment. I need to save some ammo for it! I think $1100+ was mentioned as a target, oomph!
FJ43 said:Thanks. I have a lot of fun with them. Like anything the more you do it the more fluid it becomes.OutlawAG04 said:FJ43 said:Whew good because I have fun not only looking and learning on them but also the platform itself. Figure practice makes perfect.AgEng06 said:Absolutely not, these are great.FJ43 said:
Hope I am not wearing y'all out with charts. Having fun and checking up on our 'kids' many have invested in.
The charts are great FJ! Do you find the charting on this platform works better than others have previously?
Honestly I wish I could combine TWS and TOS in terms of playing with charts. Both are excellent and have features the other doesn't. Maybe doesnt is the wrong word. One may be easier to do a certain function that the other and the opposite is also true. Quite possible on TWS I just havent found the short cut function yet. It's pretty advanced in my opinion. Tons of customization available. I had a harder time learning TWS initially just because there aren't as many YouTube videos and tutorials. So seat time. If I have to pick one now it would be TWS. I like the crispness and certain functions better. To me it's just a smoother platform overall. Especially order placement. But that may be a Ford or Chevrolet argument for some also.
Edit: Not sure if Lite and Pro are the same for TWS.
Hope you're taking notes, because once I finally get my IBKR account funded (and the relevant subscriptions activated) I'm blowing up the TWS thread.
oldarmy1 said:
WWR - I am laughing at you guys scrambling on covered calls.
Not nice to make fun of the lesser informed....
I think I found quite the goal post:
$MDXG - December 16th to 18th volume EXPLODED and then cratered back to earth.
Anyone confirm?
$MDXG - December 16th to 18th volume EXPLODED and then cratered back to earth.
Anyone confirm?
oldarmy1 said:
AAPL hasn't done anything yet. Feb 19th should be fine to get the move to where the original options targets were.
WWR - I am laughing at you guys scrambling on covered calls.
?w=525&ssl=1 Go for it! I'll be there to help any way I can. There are a lot of basic things (basic now anyway) I can help you shortcut vs. figure out. You'll like it a lot once you get to drive it a bit. Many things I still haven't put the time into yet especially the algo order functionality and maximizing entry and exit prices. Iron sharpens iron. Let's go.Maximus_Meridius said:FJ43 said:Thanks. I have a lot of fun with them. Like anything the more you do it the more fluid it becomes.OutlawAG04 said:FJ43 said:Whew good because I have fun not only looking and learning on them but also the platform itself. Figure practice makes perfect.AgEng06 said:Absolutely not, these are great.FJ43 said:
Hope I am not wearing y'all out with charts. Having fun and checking up on our 'kids' many have invested in.
The charts are great FJ! Do you find the charting on this platform works better than others have previously?
Honestly I wish I could combine TWS and TOS in terms of playing with charts. Both are excellent and have features the other doesn't. Maybe doesnt is the wrong word. One may be easier to do a certain function that the other and the opposite is also true. Quite possible on TWS I just havent found the short cut function yet. It's pretty advanced in my opinion. Tons of customization available. I had a harder time learning TWS initially just because there aren't as many YouTube videos and tutorials. So seat time. If I have to pick one now it would be TWS. I like the crispness and certain functions better. To me it's just a smoother platform overall. Especially order placement. But that may be a Ford or Chevrolet argument for some also.
Edit: Not sure if Lite and Pro are the same for TWS.
Hope you're taking notes, because once I finally get my IBKR account funded (and the relevant subscriptions activated) I'm blowing up the TWS thread.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Rice and Fries said:
I think I found quite the goal post:
$MDXG - December 16th to 18th volume EXPLODED and then cratered back to earth.
Anyone confirm?
Prophet00 said:
Curious what you guys would suggest on trying to maintain a net free strategy when starting with lower capital?
Since I'm just starting out, I'm playing with $2k until I learn more (mainly through trial and error). Using IBIO as an example, buying a position large enough to move into CCs for protection would take more than 50% of your cash. If I'm trying to maintain around 5-10% a position, is it more cost effective to just play options, rather than buy shares?
I'm getting way more comfortable with buying calls and puts, still wrapping my head around selling them, and get completely cross-eyed when you all talk through spreads and butterflies.
I was in same boat. Keep in mind you do NOT have to buy big volume like some on this thread. You could just buy a few shares.
That's what I did on mgni...32 shares at 8.75. when it hit 17.50 I sold half and went net free. Obviously didn't use CC's or puts as part of the strategy but the same principle applies
One of OA1 earliest post talks about how his plays and going net free isn't about how quick it happens. It's about accumulation so over the long run you build up a bunch of net free positions and wait....one or two of them should explode and really amplify your return.
This past year has just been an absolute oddball and things have fallen perfectly for the timeframe to get those returns has become very short. I think a lot of folks lose sight of that.
So keep in mind, you can still start smaller positions and work it that way.
After mgni my first play for buying over 100 shares and using calls was sndl. I have expanded from there and made mistakes along the way but nothing very costly while increasing my account via net free method.
You could still try this on sndl and not eat up much capital either. Or buy 30 shares of wwr or eng or mbio. All still plays that OA1 and most of us are still in.
Really think of it like this...while building your equity say u buy 100 shares of wwr for $810 and sell a $10 cc for March 1.75 so your cost goes down to $635. If you get called out that's 365 profit in just 6 weeks! Who cares your position is gone...you're building equity. If not called out, sell another cc and put money back in your pocket
I think a goal post would be if those volume explosions happened on 1-2 days each a little more spread out, that is just high volume days on a strong move up.
Formerly tv1113
Rice and Fries said:Rice and Fries said:
I think I found quite the goal post:
$MDXG - December 16th to 18th volume EXPLODED and then cratered back to earth.
Anyone confirm?
Seems like it and now it's in a bull pennant, should run if it can break $10.50
I feel pretty good about WWR. Half my position is against 7.5C and half is against 12C.
If SNDL could close at 1.49 tomorrow, that would be great.
If SNDL could close at 1.49 tomorrow, that would be great.
Here is the 8-K Filing from last year.Touchless said:There was an email today for a vote for a reverse split. They could always pull it off the table even if it's approved. I believe that's what they did last time and got there organically, but I assume it will dip whenever they formally announce they're actually going to do the reverse split.FJ43 said:Last I read their date was in April but could request an extension.BREwmaster said:
is it 180 days for ONTX? to avoid delisting. That would coincide with February 21st if the last day over $1 is what counts (August 21st).
If the above is right, this after hours dip is a gift. Someone correct me if I'm wrong.
Summary:
- Current grace period runs until April 5, 2021
- To regain, you must trade with closing price of =>$1.00 per share for a minimum of 10 consecutive business days during the 180 day grace period.
- As noted by previous poster, they can be afforded an extension for another 180 days. They have to meet some other listing requirements regarding market value and other Nasdaq regulations in addition to having a plan to cure the issues during the extension (this would be your reverse split).
I would think the reverse split vote is just lining things up to be ready to request the extension.
Half of WWR against March $12.5. Not moving from that strike - if/when finally called out will be net free+ some for the trouble on a large capital % of the portfolio. That's gonna be a great day
Anacott steal is my porn name.
I would avoid that one like the plague, HP and Marc Cohodes were all over that one for major fraud. Maybe MDXG has since cleaned up their act, but I don't trust it.Rice and Fries said:
I think I found quite the goal post:
$MDXG - December 16th to 18th volume EXPLODED and then cratered back to earth.
Anyone confirm?
Has anyone watched the seminar recording yet? I seem to recall it being portrayed as a one-time rewatch. If that is truly the case, I need to wait for a smart day.
I believe OA said you can make a request from your registered e-mail and will be sent a new code to rewatch more than once if desired.
Since its night time and things are a little slower I have a question. What do some of you guys do when you want to take a day off from your trades. It seems since I've started trading more I have my phone with me 24/7 during the week regardless where I am. Vacation, fishing, hunting, ball games..... I never fill like I can get out of some trades to just put the phone away. Some of you guys that may make 5 figure gains+ per week, how do you manage your off time during trading days. If you want to leave for a week. How do you manage that. Do you just close out all your short term trades and let the rest role? Up you hedges?
One more.... With all the short term gains(taxable accts), how do you treat your taxes. Do you take money out weekly, quarterly...Let it ride till tax day? Do you sit it in savings, bond ETF's? I know the last year has been some of the greatest times in the markets for me, and the gains have been pretty significant(granted I was working out of a pretty good hole I made myself the year before). I feel like I have finally found the balance I need in my account, trading 70% options wasn't the way to go for me with my schedule.
One more.... With all the short term gains(taxable accts), how do you treat your taxes. Do you take money out weekly, quarterly...Let it ride till tax day? Do you sit it in savings, bond ETF's? I know the last year has been some of the greatest times in the markets for me, and the gains have been pretty significant(granted I was working out of a pretty good hole I made myself the year before). I feel like I have finally found the balance I need in my account, trading 70% options wasn't the way to go for me with my schedule.
Colt98 said:
Since its night time and things are a little slower I have a question. What do some of you guys do when you want to take a day off from your trades. It seems since I've started trading more I have my phone with me 24/7 during the week regardless where I am. Vacation, fishing, hunting, ball games..... I never fill like I can get out of some trades to just put the phone away. Some of you guys that may make 5 figure gains+ per week, how do you manage your off time during trading days. If you want to leave for a week. How do you manage that. Do you just close out all your short term trades and let the rest role? Up you hedges?
One more.... With all the short term gains(taxable accts), how do you treat your taxes. Do you take money out weekly, quarterly...Let it ride till tax day? Do you sit it in savings, bond ETF's? I know the last year has been some of the greatest times in the markets for me, and the gains have been pretty significant(granted I was working out of a pretty good hole I made myself the year before). I feel like I have finally found the balance I need in my account, trading 70% options wasn't the way to go for me with my schedule.
I like your question about setting aside cash for taxes. Wondering about some good strategies on where to park this money. My tax bill is already the size of a new car for 2021, assuming I don't lose my ass!
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