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JDTxAg98
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2:34p, 3/12/21
AG
Thanks OA... Got in on the GM calls @ 2.05 and out 3.30 based on your signals
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TecRecAg
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2:34p, 3/12/21
AG
SPX 3938. Classic red flat Friday. Cheers to 4000 next week.
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McInnis 03
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In reply to TecRecAg • 2:38p, 3/12/21
AG
TecRecAg said:
SPX 3938. Classic red flat Friday. Cheers to 4000 next week.
Pinned 3945-10 wide. GIMME
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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FJ43
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2:39p, 3/12/21

I never post this stuff but thought I would for those looking at this strategy to pass the time.

First,, thanks to Foggy for getting me roped into it. It is his fault. It really helped me in not watching dumb charts of longer positions I hold while boredom sets in when it doesn't move. I love trading (discovered I am probably not a buy and hold until eternity guy) and this was a blast so maybe this is the new me. Charts, MAs, options plays and some cash flow trades to keep my sanity.

However this is NOT for everyone.

I got lucky probably but worked hard this week at refining and learning a method that worked for me. I am sure there is a much better way to skin this cat. Plan to continue and hope to repeat at least 50% of this type of week.

4 Days SPY Scalps

  • 32 Round Trip Trades (day trades)
  • 4 One Ways Trades (bought previous day held overnight)
  • 32 Winning Trades
  • 4 Losing Trades
  • Started out with $1k blocks, moved to $1,500 then largest at $2,400 (did a horrible job of being consistent as it grew)
  • $8.6k profit in 4 days never having more on the line that about $4k that included puts and calls or layers at same time.


    • Could have made more had I been more disciplined and/or been willing to exit more often and rinse/repeat. But I am old....

    Going naked into next week as of this second anyway not having anything on. May add right before close depending.

    Trade wisely.

    PS - I sold too early the 395 calls obviously typing this but I stuck to the system and exited. Left a few bucks on the table. Pinged exactly just now at 394.10 where I had an exit identified. Voodoo.
    Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
    Proverbs 13:11

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    TheCellarDoor
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    In reply to McInnis 03 • 2:40p, 3/12/21
    AG
    With you on the TSLA fly. I have a frosty beverage to watch the fireworks at the end of the day!
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    McInnis 03
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    In reply to TheCellarDoor • 2:41p, 3/12/21
    AG
    TheCellarDoor said:
    With you on the TSLA fly. I have a frosty beverage to watch the fireworks at the end of the day!
    I already gave mine up. Good luck!
    ***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

    B&I Key:
    ETH - Extended Trading Hours --- RTH - Regular Trading Hours
    ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
    R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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    ClutchCityAg
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    In reply to McInnis 03 • 2:42p, 3/12/21
    McInnis 03 said:
    ClutchCityAg said:
    $X is getting a lot of option flow today
    Someone bought 12,500 contracts for APR1 30c at $.70, this was $.09 above the ask. They wanted in, bad.

    I followed with a mouse fart buy.
    same here, just a minnow swimming alongside the whales
    Let it ride
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    Bob Knights Paper Hands
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    2:42p, 3/12/21
    PLTR is putting on it's big boy pants for my last 3 $27 calls.
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    McInnis 03
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    In reply to FJ43 • 2:43p, 3/12/21
    AG
    When's the seminar?
    ***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

    B&I Key:
    ETH - Extended Trading Hours --- RTH - Regular Trading Hours
    ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
    R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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    wanderer
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    2:44p, 3/12/21
    Put on AAPL 120/121/122 flys this morning when someone alluded to the volume at those strikes. Looking pretty
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    Mostly Foggy Recollection
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    In reply to McInnis 03 • 2:44p, 3/12/21
    I'll do one for free bourbon.
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    AGSmith
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    2:46p, 3/12/21
    AG
    I bought the PLTR 4/16 $30 calls.
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    AgEng06
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    In reply to AGSmith • 2:48p, 3/12/21
    AG
    AGSmith said:
    I bought the PLTR 4/16 $30 calls.
    All of them?!


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    FJ43
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    In reply to McInnis 03 • 2:49p, 3/12/21
    McInnis 03 said:
    When's the seminar?
    Ha! I am a total rookie. There are too many on this forum that know what they are doing.

    Blessed. All Him.
    Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
    Proverbs 13:11

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    AGSmith
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    In reply to AgEng06 • 2:49p, 3/12/21
    AG
    AgEng06 said:
    AGSmith said:
    I bought the PLTR 4/16 $30 calls.
    All of them?!


    I figured ... what the hell, lets finish off the week with a bang.
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    TheCellarDoor
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    In reply to McInnis 03 • 2:50p, 3/12/21
    AG
    TDA ruined my fun and closed it out for breakeven.
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    jwhitlock3
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    In reply to Mostly Foggy Recollection • 2:50p, 3/12/21
    Mostly Foggy Recollection said:
    I'll do one for free bourbon.
    Done. I'm in CS, and because I'm so generous, I will deliver an ENTIRE CASE of Sunny Brook to the location of your choosing.
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    FJ43
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    In reply to Mostly Foggy Recollection • 2:50p, 3/12/21
    Mostly Foggy Recollection said:
    I'll do one for free bourbon.
    Yeah but we would have to take out loans to buy the kind you import.
    Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
    Proverbs 13:11

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    In reply to Mostly Foggy Recollection • 2:54p, 3/12/21
    Mostly Foggy Recollection
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    In reply to [removed post] • 2:59p, 3/12/21
    Comedian here.
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    Mostly Foggy Recollection
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    In reply to jwhitlock3 • 2:59p, 3/12/21
    Don't remind me about Sunny Brook. Used to take a handle into the chicken back in the 2002-2004 days...
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    TecRecAg
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    In reply to jwhitlock3 • 3:03p, 3/12/21
    AG
    Ugh... Sunny Brook. Fitzwillys flashbacks
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    wanderer
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    In reply to wanderer • 3:04p, 3/12/21
    wanderer said:
    Put on AAPL 120/121/122 flys this morning when someone alluded to the volume at those strikes. Looking pretty
    Sold all for .75.......BUT for some reason one didn't sell. Should be interesting to see if I get assigned.
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    tsuag10
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    In reply to FJ43 • 3:04p, 3/12/21
    AG
    Please forgive my ignorance here. Can you give me a generic example of scalping SPY?
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    FJ43
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    3:04p, 3/12/21
    For insurance I just added 3/17 SPY 395 Puts.

    Small not heavy just in case.
    Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
    Proverbs 13:11

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    bmoochie
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    In reply to Mostly Foggy Recollection • 3:07p, 3/12/21
    AG
    Mostly Foggy Recollection said:
    I'll do one for free bourbon.


    How about I just give you my money to trade like this and you will get an unlimited supply of Bourbon
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    Greendale 87
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    3:09p, 3/12/21
    AG
    Am I seeing this correctly? A 600K trade on GOCO right after close? That's HUGE by GOCO standards....like to think it's a good sign!

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    jwhitlock3
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    In reply to Mostly Foggy Recollection • 3:13p, 3/12/21
    Thankfully our tastes have grown as we aged, but back in college all I saw was "$1 wells, hell yeah..."
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    bigtoneag
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    In reply to Mostly Foggy Recollection • 3:14p, 3/12/21
    AG
    I remember lots of dirty looks when we would make up drinking games with dominos.
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    Mostly Foggy Recollection
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    In reply to bmoochie • 3:14p, 3/12/21
    You are too kind
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    Jet Black
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    3:15p, 3/12/21
    Rumor on Twitter that the president of FUBO resigned. Apparently he will still be around as a consultant though.
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    Jet Black
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    3:17p, 3/12/21
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    cptthunder
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    3:17p, 3/12/21
    Trying to do better at understanding some of OAs entries and I think this could be part of what he was looking at

    MT perfectly on the daily
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    McInnis 03
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    3:21p, 3/12/21
    AG
    PLTR > $27.00 AH
    ***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

    B&I Key:
    ETH - Extended Trading Hours --- RTH - Regular Trading Hours
    ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
    R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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    KT 90
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    In reply to tsuag10 • 3:21p, 3/12/21
    AG
    tsuag10 said:
    Please forgive my ignorance here. Can you give me a generic example of scalping SPY?
    Go back a few pages to last night. They discusses SPY quite a bit. I plan to go back and review it this weekend sometime (hopefully...).
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