dang
was thinking buy puts on the rally

jimmo said:

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dang
was thinking buy puts on the rally

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Might buy back in a bit.

Thankyou for your service

Testing Mancini's 4095 level here. If it gets rejected, I'm buying more SPY puts.

AMZN, TSLA & W gave up their higher openings already. Could be continued rotation out of the growth stocks, they could be the canaries.

Virtually every day my morning recently starts slightly green and turns blood red. False hope sucks

Lol

HNDL - My Tech/Bonds barometer 20 minutes into the session is -$0.02 to -$0.03, that's the border between All Is Good and Stabilizing Is Almost Complete. Bodes well for Tech and Bonds. We'll see, long day ahead. EDIT: just slipped to -$0.05 to -$0.07 Stabilizing area. Goes to -$0.09 or lower usually more trouble ahead for Tech/Bonds.

To me, appears some Value stocks were hammered at the open and getting bought up in the dip.

fightintxag13 said:

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Testing Mancini's 4095 level here. If it gets rejected, I'm buying more SPY puts.

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Made it through. 4125 up next.

SUSTAINED buying.

Sidenote: Saw yesterday that John Carter was peddling his Squeeze Pro indicator for $600.....went to usethinkscript.org and found someone had constructed it manually and posted the code. Will be interesting to see if it gives any further edges to identifying energy releases.

McInnis 03 said:

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Sidenote: Saw yesterday that John Carter was peddling his Squeeze Pro indicator for $600.....went to usethinkscript.org and found someone had constructed it manually and posted the code. Will be interesting to see if it gives any further edges to identifying energy releases.

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Would you mind posting a link to the manual script? Thanks!

McInnis 03 said:

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$HD coming up on my scan this morning as a long play, as is $HOG......both been hit hard the past couple of days.....Reversion to mean plays, in both cases......TGT too.....HD and TGT have earnings coming up.

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Congratulations, if you took these at open your returns today are 200% the S&P 500

$30,000 Millionaire said:

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Unloaded my spy calls for 50%

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Back to puts?

My $VXX puts also paying.

$MS is green, but meh.

$30,000 Millionaire said:

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cisgenderedAggie said:

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$30,000 Millionaire said:

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Unloaded my spy calls for 50%

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Back to puts?

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no, neutral for now.

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Have paper ridden ES since 4063. Big ripper. Got back everything I messed up yesterday and then some.

C'mon Roku....just need $325 to have all green on my portolio.

McInnis 03 said:

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I would love to know if J Carter sees another GOOGL setup forming because my stuff shows it's way oversold and they just had news that they won a deal from SpaceX for Starlink Internet cloud hosting or something like that.

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I'm trying to enter a butterfly for May 21 starting at 2275 with a 25 spread.

Edit to say it would already be entered if not for my level 3 options trading fiasco yesterday

we've almost recovered the mean on SPX. It could power through or it could be a spot to short from again.

went ahead and sold MS calls. $1.32 -> $1.80. I'll take it.

$30K printing today.

$30,000 Millionaire said:

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we've almost recovered the mean on SPX. It could power through or it could be a spot to short from again.

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big TSLA bear bets on the weekly 600's, not much bullish flow I see.

McInnis 03 said:

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Paper shorting /VX (vix) for a swing trade......

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Notes here, and why I took this trade because it's working....

1) RSI(2) period on daily was above 90, highly over bought condition
2) CumulativeRSI(2) on daily was above 170, SIGNIFICANTLY over bought
Note: I'm still trying to determine if the cumulative (2) is a valid criteria since RSI(2) would HAVE to be up for the play to be valid in the first place....these two indicators probably tell too much of the same story
3) the price of the product was WAYYYY over it's 5period (day) MA, if VIX (or any one of it's many forms) are 5% above the 5 day MA it tends to be too extended, less black swans.

Took a short position, (actually 3 times from 25, to 25.5, and 26.

Closed one already. Going to close another, adn then trail a stop on the runner.

Nice post. I'm assuming it's on the daily? (for the stacked EMAs and mean?)

wanderer said:

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Nice post. I'm assuming it's on the daily? (for the stacked EMAs and mean?)

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Yes. So his small account program is designed for folks who can't look at the screen all day. His setup was looking at the daily and weekly then played multi-leg options off of them (verticals and butterflies yesterday).

One of them has already freaking doubled but of course I missed out if you read about my account trading issues.

JC also said he knows within 1 second of looking at his chart whether he's gonna trade it or not. He then inferred that the longer you look the more you let emotion start to make the decision.

I am surprised he didn't add in squeeze and macro momentum behind you to that list.

ag94whoop said:

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Blows me away how fast gains erode in today's market. $3000 up in a $110k Acct and in 20 minutes it's all red again.
None of plays ever get enough momentum to sell calls on them nor do they grow high enough to sell without 40-50% losses. Just as they look like they might start rebounding they fall right back down and the yo-yo continues

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Something I have to tell myself to stay focused is that if this account has long term holds, being down a bunch is only a loss if you sell. I assume you bought these companies as you thought they were strong in the future and/or on advice from this thread, so you have to move past them and either accumulate more at the low levels or ride it out for the rotation back in to these sector(s)

It does hurt me a lot to see MARA, MGNI, etc. be down so big but I managed them well at the beginning and got net free, so now it's time to hold and watch them bounce back up (hopefully)

Those were on the screen, but he was mainly talking about the simplest way to do it.

He definitely lets the squeeze play into his decisions (on the weekly/daily)