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BrokeAssAggie
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In reply to FTAG 2000 • 3:23p, 4/27/21
AG 2000' said:
Had some $90 calls on AMD that I ducked out of, was afraid of holding through earnings.

Whoops.


I held a few 90 calls
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$30,000 Millionaire
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3:25p, 4/27/21
AG
it is normally wise to sell before earnings. Earnings is binary, so don't hindsight yourself.
You don’t trade for money, you trade for freedom.
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McInnis 03
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3:26p, 4/27/21
AG
Perhaps I'll continue to post my earnings thoughts for a fee, so y'all can fade them.
***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.***

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docaggie
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3:27p, 4/27/21
AG
I've been burned too many times with earnings.
Especially right now. If it's not a huge earnings beat with strong guidance, down it goes.
Class of 1998;
Husband of an Aggie, Class of 1999;
Father to future Class of 2029 and 2031
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
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zag213004
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In reply to McInnis 03 • 3:27p, 4/27/21
AG
McInnis 03 said:
Buying PINS shares here against 69.50


You saying you went long with limit price to buy at 69.50? I'm just trying to clarify what you mean by "against"

Edit
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FJ43
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3:31p, 4/27/21
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FTAG 2000
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In reply to BrokeAssAggie • 3:32p, 4/27/21
AG
CrazyRichAggie said:
AG 2000' said:
Had some $90 calls on AMD that I ducked out of, was afraid of holding through earnings.

Whoops.


I held a few 90 calls
I trimmed on the way up and tapped out earlier this afternoon. Made cash on each exit but probably should have kept a few at the end just to see.

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RigsTx
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3:32p, 4/27/21
AG
I know these have been mentioned ad nauseum on here, but I wanted to get the board's thoughts on different trading strategies...

Off the top of my head there are:

Mastering the trade - Carter
Scott Redler's methods
PS60
Ripster's EMA Clouds

I want to continue to refine my trading strategy without getting information overload/paralysis.

What are the board's recommendations and what are some other strategies that aren't listed here?
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McInnis 03
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In reply to zag213004 • 3:34p, 4/27/21
AG
zwhag2010 said:
McInnis 03 said:
Buying PINS shares here against 69.50


You saying you went long with limit price to buy at 69.50? I'm just trying to clarify what you mean by "against"

Edit
That was a 5 minute low that I was willing to buy against it . I filled at 69.90 and had we dipped bleow and stayed below 69.50 I'd have considered bailing since the low didn't hold. It did touch 69.40 for just a pinch afterwards but it was a flash down that I wasn't going to maek a move on.
***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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zag213004
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In reply to McInnis 03 • 3:37p, 4/27/21
AG
McInnis 03 said:
zwhag2010 said:
McInnis 03 said:
Buying PINS shares here against 69.50


You saying you went long with limit price to buy at 69.50? I'm just trying to clarify what you mean by "against"

Edit
That was a 5 minute low that I was willing to buy against it . I filled at 69.90 and had we dipped bleow and stayed below 69.50 I'd have considered bailing since the low didn't hold. It did touch 69.40 for just a pinch afterwards but it was a flash down that I wasn't going to maek a move on.


Gotcha.... Thanks
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McInnis 03
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In reply to RigsTx • 3:39p, 4/27/21
AG
RigsTx said:
I know these have been mentioned ad nauseum on here, but I wanted to get the board's thoughts on different trading strategies...

Off the top of my head there are:

Mastering the trade - Carter
Scott Redler's methods
PS60
Ripster's EMA Clouds

I want to continue to refine my trading strategy without getting information overload/paralysis.

What are the board's recommendations and what are some other strategies that aren't listed here?
hardest question there is IMO. I don't think any two traders use the same strategy (except those furu STRAT people on twitter).

The carter book is a conglomeration of setups and strategies. Redler's method I think can be copied and used. same with Dan's PS60. Ripsters clouds do a great job of giving you the idea if the trend is holding and or if the entry/exit is upon you.

This is a terrible non-answer answer but you're going to have to figure out what works for you and more importantly, FIGURE OUT WHAT DOES NOT WORK FOR YOU.
***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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McInnis 03
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3:40p, 4/27/21
AG
I didn't even see GVSI closed at .022.
***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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FTAG 2000
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3:40p, 4/27/21
AG
$FUBO earnings this afternoon in about an hour.

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McInnis 03
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In reply to FTAG 2000 • 3:42p, 4/27/21
AG
AG 2000' said:
$FUBO earnings this afternoon in about an hour.

TOS says 5/11?
***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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DallasAg2
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In reply to DallasAg2 • 3:43p, 4/27/21
AG
Love that President Biden mentioned Novavax. First good thing he has done
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$30,000 Millionaire
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3:45p, 4/27/21
AG
Redler simplistically plays technical strategies that a stock needs to be above 8/21 or near a lower benchmark like the 50/100/200 SMA. He executes in a tier system where he scales out based on performance and he will buy above breakouts. I think the real secret sauce for Redler is finding the setups. He's better than anyone I've come across and he clearly has a method for how he scans (e.g. volume, RSI, etc.)

Carter is multi disciplined, but I view him more as a swing trader that takes directional trades lasting anywhere from a couple days to a month. He has a similar philosophy on positive EMA, squeeze, and volume.
You don’t trade for money, you trade for freedom.
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FTAG 2000
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In reply to McInnis 03 • 3:47p, 4/27/21
AG
McInnis 03 said:
AG 2000' said:
$FUBO earnings this afternoon in about an hour.

TOS says 5/11?
Whoops, yep, bad info.
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Cartographer
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3:54p, 4/27/21
Dan's PS60 works well for scalping daily breakouts. It can be used for longer term and swing trading but in it's perfect form it identifies breakout areas to execute trades.

Can trade to the up or downside. Requires a large amount of screen time. You need to be there to make the trade work.
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FJ43
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In reply to RigsTx • 3:58p, 4/27/21
RigsTx said:
I know these have been mentioned ad nauseum on here, but I wanted to get the board's thoughts on different trading strategies...

Off the top of my head there are:

Mastering the trade - Carter
Scott Redler's methods
PS60
Ripster's EMA Clouds

I want to continue to refine my trading strategy without getting information overload/paralysis.

What are the board's recommendations and what are some other strategies that aren't listed here?
30k & McInnis already responded and I hope to just give you a little more to think about.

I think as, if not more, important than the system is knowing what you want from it, what do you enjoy and what time commitment can you realistically make to it. Shares long, swing, mass accumulations, buy and hold or scalping. Options the same. Is this wealth building, cash flow generation or maybe its both.

There are a number of great systems, philosophies, etc. out there of which you mentioned 4 great ones IMO. But all different with different approaches. While they do have similarities in indicators or technical evaluations, they are different at the end of the day.

Just my opinion but don't be afraid to try things until you find your niche and lane. Just play small and prove it is working, you can maintain it and you enjoy it.

I know there are a number of us on this thread that are always trying new things. I think I know what my comfort zone and skillsets are today but doesn't prevent me from at least giving something try to see if it is for me or not.
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McInnis 03
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In reply to Cartographer • 4:00p, 4/27/21
AG
Is Not a Turtle said:
Dan's PS60 works well for scalping daily breakouts. It can be used for longer term and swing trading but in it's perfect form it identifies breakout areas to execute trades.

Can trade to the up or downside. Requires a large amount of screen time. You need to be there to make the trade work.
What has killed me so many times with Dan's setup are things like this morning when he throws out "NVDA is ready to go!" and I tag along.....then it reverses and I die in a fire. My failure was that I thought the 6th 1 min candle broke the 5th 1min candle to the high side but it did not, that got me in the trade 1 tick early.....and that is the precise moment the trade failed and it ate my lunch.
***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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$30,000 Millionaire
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4:03p, 4/27/21
AG
only thing I'll add - if you want to make money consistently, use put credit spreads against quality setups. All the stock has to do is trade sideways for you to make money, maybe even a little down. It isn't sexy, you won't get the 10-20 baggers because your profit and loss are defined in advance, but if you use simple rules like buying back the sold put credit spreads at 75% of max profit, you'll make consistent money.

Another great method is leveraging OTM iron condors. If you routinely sell iron condors with the short strike at +2/3 ATR on the upside and -2/3 ATR on the downside, your likelihood of success is very high. Your risk may be risking 3 to make 1 or risking 2 to make 1, but the probability is higher.

The lowest probability plays requiring the highest active management are far OTM short dated calls. You're basically reliant on a big move with a catalyst.
You don’t trade for money, you trade for freedom.
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FJ43
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In reply to RigsTx • 4:04p, 4/27/21
RigsTx said:
I know these have been mentioned ad nauseum on here, but I wanted to get the board's thoughts on different trading strategies...

Off the top of my head there are:

Mastering the trade - Carter
Scott Redler's methods
PS60
Ripster's EMA Clouds

I want to continue to refine my trading strategy without getting information overload/paralysis.

What are the board's recommendations and what are some other strategies that aren't listed here?
Adding to my response.

Ripster 'probably' has the most straight forward and simple, not to mention visual process. Follow the clouds and get in or out based on those. For the most part anyway.

He uses his cloud system for both shares and options. He also goes long on shares with upside. Not a lot to figure out with his setup and seems to have great success as a trader.
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$30,000 Millionaire
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In reply to FJ43 • 4:07p, 4/27/21
AG
FJ43 said:
RigsTx said:
I know these have been mentioned ad nauseum on here, but I wanted to get the board's thoughts on different trading strategies...

Off the top of my head there are:

Mastering the trade - Carter
Scott Redler's methods
PS60
Ripster's EMA Clouds

I want to continue to refine my trading strategy without getting information overload/paralysis.

What are the board's recommendations and what are some other strategies that aren't listed here?
Adding to my response.

Ripster 'probably' has the most straight forward and simple, not to mention visual process. Follow the clouds and get in or out based on those. For the most part anyway.

He uses his cloud system for both shares and options. He also goes long on shares with upside. Not a lot to figure out with his setup and seems to have great success as a trader.
what I like the most about Ripster is "buy high, sell higher" and his discipline with cutting losers immediately.
You don’t trade for money, you trade for freedom.
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Ragoo
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In reply to $30,000 Millionaire • 4:10p, 4/27/21
AG
John carter preaches the cutting losers too. Setting a stop limit and if the market gaps below exit at the open.
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AgEng06
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In reply to McInnis 03 • 4:11p, 4/27/21
AG
McInnis 03 said:
I didn't even see GVSI closed at .022.
#SHBM
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FJ43
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In reply to $30,000 Millionaire • 4:13p, 4/27/21
$30,000 Millionaire said:
FJ43 said:
RigsTx said:
I know these have been mentioned ad nauseum on here, but I wanted to get the board's thoughts on different trading strategies...

Off the top of my head there are:

Mastering the trade - Carter
Scott Redler's methods
PS60
Ripster's EMA Clouds

I want to continue to refine my trading strategy without getting information overload/paralysis.

What are the board's recommendations and what are some other strategies that aren't listed here?
Adding to my response.

Ripster 'probably' has the most straight forward and simple, not to mention visual process. Follow the clouds and get in or out based on those. For the most part anyway.

He uses his cloud system for both shares and options. He also goes long on shares with upside. Not a lot to figure out with his setup and seems to have great success as a trader.
what I like the most about Ripster is "buy high, sell higher" and his discipline with cutting losers immediately.
Agree. He does find breakout setups at times prior to breakout with basic charting, but his system is really good for trading the trend then get out when it fails. Just have to be very disciplined and let the system do the work.
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AgEng06
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4:14p, 4/27/21
AG
What's the best way to get in on Ripster's system?
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RigsTx
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4:15p, 4/27/21
AG
Thanks to everyone for your thoughts.

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FJ43
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In reply to AgEng06 • 4:18p, 4/27/21
AgEng06 said:
What's the best way to get in on Ripster's system?
He has his system and methods pinned on his Twitter for free.

@ripster47

What platform do you use?
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FTAG 2000
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4:21p, 4/27/21
AG
AMC going with a shelf offering of undisclosed size.

I guess their stockholder proposal to issue 5 million shares was getting beat badly enough for them to pull it and go this route.

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AgEng06
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In reply to FJ43 • 4:25p, 4/27/21
AG
Awesome, thanks. I'm using TOS.
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FJ43
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In reply to AgEng06 • 4:27p, 4/27/21
AgEng06 said:
Awesome, thanks. I'm using TOS.
On the TOS thread is a TOS link to copy/paste his cloud system into your TOS platform. Also posted on there are ATR set ups to copy/paste right in.

https://texags.com/forums/57/topics/3158661

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Cartographer
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In reply to McInnis 03 • 4:32p, 4/27/21
Man I know that feeling. I've started using buy stops and just accepting the slippage. Most of the time I aim to get out flat.

I've lost more than my share by screwing up the pivot and chasing them down. I was really bad about it for a while.

If you want to message me I'll share some tips I'm using now to handle the pivots that can be of good use.
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FTAG 2000
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4:34p, 4/27/21
AG
Is there a really good write up on the Ripster clouds? I can read through his stuff and videos on his link but would be curious to read through some others thoughts on it.
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AgEng06
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In reply to FJ43 • 4:37p, 4/27/21
AG
Thanks
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