FJ43 said:

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SVRA

Small play but could be fun.
Looks like may reverse with some volume on short time frame view intraday.
At present could have RDR capturing 5/8/21/50/100/200 EMAs.
Has options chain and could sell May $2.50s for about .30 to get cost at or below support or called away for $2.80 on $1.82 current share price.

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$30,000 Millionaire said:

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Other quick updates on crappy stocks:

• UPWK - reclaimed 89 EMA, entered daily squeeze, RSI -1.2. I can argue it is a wedge and a close above these levels tomorrow is a breakout
• ASAN - bounced off -2 ATR, looking for mean reversion to $30 to exit. 95% odds this is a failed trade, but we may be able to get out at $30
• MU - uptrend has resumed. I will hold through earnings or look to roll if this has strength tomorrow. When Mu has sold off into earnings it has tended to gap up
• OPEN - bounced off bottom of bull flag, this has to make too large of a move to pay off. Failed trade
• FUBO - bounced off -3 ATR (duh...), closed basically right at 200 SMA. will sell covered calls on mean reversion (21EMA intersection) AND buy protective puts
• NXTD - building up energy and consolidating. keeps holding the 89 EMA and in a daily squeeze. Probably fires long
• SNDL - consolidating. Feels like drama is over for a while.

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Irish 2.0 said:

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aggiedaniel06 said:

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Jet Black said:

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Thread activity seems to have dropped just a tad.

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People suddenly thinking, "Oh ****, I better hang on to my day job!"

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Know this was meant in jest, but anyone even considering the path of being a full-time trader needs to have at least two years of living expenses saved up outside of your trading account. Even then you're playing with fire

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• the above w/ at least a year of living expenses in a cash account as buffer (2 would be even better like you say)
• fully funded retirement @ 25x annual retirement expenses (approx $2-3MM minimum to actively manage and grow as part of full time trading career)
• no debt outside of possibly a low interest mortgage depending on the circumstances
• kids college funded to targets
• contingency career to fall back on if things go south

• 5+ years of part time trading experience like most on here do
• Fully defined process and membership to a reputable trading group (Redler's process + All Access subscription for example)

Prognightmare said:

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AAPL upgraded. That's better than a kick to your junk.

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McInnis 03 said:

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I want to learn the Emini Micro Futures, but I'm not sure paper trading on TOS can give me a realistic experience to learn from.....may be my best effort to learn though.

With as many people on here scalping SPY for a few points here and there on options, the attraction to using these levels without theta decay for a few points here and there is REALLY appealing to me.

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FJ43 said:

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McInnis 03 said:

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I want to learn the Emini Micro Futures, but I'm not sure paper trading on TOS can give me a realistic experience to learn from.....may be my best effort to learn though.

With as many people on here scalping SPY for a few points here and there on options, the attraction to using these levels without theta decay for a few points here and there is REALLY appealing to me.

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All ears brother. Lead the way.

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austinAG90 said:

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Wednesday Macro

Treasuries Struggle in Face of Biden's Multiple Stimulus. Quarter End Disappoint

10 years hit 1.74+ about midnight last night and have rallied marginally starting at 6 am to 1.72... We have to ask ourselves, that in the face of one of the biggest reallocations and reasonable duration extensions, and we are still near the high yields of the last year, what will happen to rates in the next 36 hours... Both Nomura and Bank America have either side of 1 million jumps in Non Farm Payroll Friday morning... While there has been some short covering, the brunt of traders are short treasury exposure, and looking for a significantly steeper curve... Could we be in for a liquidity taper tantrum starting tomorrow? Or on Good Friday, when the Bond market is the only market open. With no ability to hedge via ETFs as those markets will be closed.... And then we get this piece from Yellen this morning, talking about charging an exit fee for selling open end bond funds during illiquid times....we quote from a bond article this morning

"The open-end bond fund structure requires a fundamental rethink," . "You are promising immediate liquidity against assets that aren't that liquid" in stressful times.
That dynamic has prompted regulators such as Fed Governor Lael Brainardto ask if there should be a liquidity surcharge, or swing pricing, for investors trying to exit during a panic -- a nudge to get them to stand pat."

And the above is talking about the lack of bond liquidity since the street has been changed since 2008...where they changed dealer rules about holding bonds, even though that was not the issue of 2008...

Back to today... 10 years have support at the 1.77, the high of the other day... 5 years .95... And long bonds 2.44... We think these should hold in until the 3 pm hour... And might hold in a few minutes more as Biden announces he will try to get the corporate tax rate back to 28% from 21%... Hopefully a compromise will be forthcoming, if not equities will be under pressure as it will knock off the expected 2022 earnings... But the incessant stimuli being talked in DC should push 10 years to 2%..1.875 first then 2%. The question is whether that happens quickly or whether that gets mitigated by Japanese buying... Which will come in some time next week... But no one, not even the Japanese, want to catch a falling anvil of higher rates..

Where will rates be over the next quarter?...we have to answer that for a client presentation today... 2% seems baked in for 10 years, but that may not be enough.. 5 years seem to have a 1.31 potential... That would put 10 years at 2.25... But we still fear that as we approach these numbers a stock market tantrum could happen, tempering the rate rise... We have more work to do...Corporate spreads are still okay, but we need to see how this exit fee that Yellen is talking about will affect corporates...

Expect a very choppy end of the week....

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