MARA taking an absolute beating. I just buy crypto direct now that I've lost a bunch through miners but dang that's an appealing price for a starter position.

Nio still getting crushed

Agvet12 said:

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Nio still getting crushed

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I am holding the bag on some 6/18 calls.

CrazyRichAggie said:

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Agvet12 said:

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Nio still getting crushed

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I am holding the bag on some 6/18 calls.

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I hear ya

Those EMA clouds though.

I am taking an NVDA 5/14 552.5P, stop loss $550.

Ags2013 said:

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MARA taking an absolute beating. I just buy crypto direct now that I've lost a bunch through miners but dang that's an appealing price for a starter position.

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It won't look appealing when mara is at $10.

for options, that would be a stop around $7

Which one of you guys went full on YOLO?!?

$SPY highly unusual call sweep

11,371 May(14) 418 calls opened for $0.16. $181K premium. 8,526 OI

— Cheddar Flow (@CheddarFlow) May 13, 2021

Can institutions write and buy options from themselves? Is that legal? Might be an easy way to show option flow like that.

For you guys who look at RSI.... do you use the standard 70/30 bands or do you customize any (such as 75/25)?

I set a trailing stop on NVDA.

You should be up at least $1 per contract now.

went ahead and took gains. boom.

MARA and RIOT both sitting at -3 ATR. Have to imagine they revert to the mean before long, hopefully before my credit spread goes max loss.

I used to play with it, but since the RSI doesn't range into negative territory, I'm not sure it's useful these days.

ARKK broke $100

JDTxAg98 said:

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For you guys who look at RSI.... do you use the standard 70/30 bands or do you customize any (such as 75/25)?

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change your period to 2, and then change your values to 90 and 10. I'll get you a video link that shows back testing to prove the RSI 2 is the GOTO on this.

One final note on RSI....remember that it's highly sensitive to the action that's recent since you're only using your period to compare, in my case, 2 bars.

During the day, we know volatility is greatest in the morning, and at the close......at lunch, 2 bars can mean a lot different than it does at 2:54pm CT.

Daily and weekly is your real honey-hole for RSI readings. You can use it intraday, but it gets noisier and not as reliable.

Back in the saddle.

Ready to join you gents with the party.

McInnis 03 said:

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Why RSI 2 is superior to all other periods, results for 2-14 shown.

5:07 starts the 20 year comparison of all periods.

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So is this based on the daily or is it based on the period of your choosing? I can't watch the video at the moment.

gougler08 said:

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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)

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That's good advice. Here's the crux. While I started the year lucky, I went on a week long window of horrible decisions, and didn't trade options at the time to help myself. Finally after stuff had fallen a ton already I tried starting options but it's only helped a limited amount because values have just fallen mostly.

Now I own
4500 shares of WWR at $7.82 avg cost
1300 shares of TLRY at $27.80 avg cost
9000 shares of SNDL at $1.52 avg cost
2200 shares of CLOV at $13.75 avg cost
Plus RIOT, FUBO and KIQ
This "play" Portfolio went from $145k to $172k to now $105k since January

McInnis 03 said:

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One final note on RSI....remember that it's highly sensitive to the action that's recent since you're only using your period to compare, in my case, 2 bars.

During the day, we know volatility is greatest in the morning, and at the close......at lunch, 2 bars can mean a lot different than it does at 2:54pm CT.

Daily and weekly is your real honey-hole for RSI readings. You can use it intraday, but it gets noisier and not as reliable.

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Appreciate all the info. I don't use it much but I'm at least trying to learn what it's saying. This context on volatility time of day is something I hadn't thought of. Thanks again

irish pete ag06 said:

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McInnis 03 said:

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Why RSI 2 is superior to all other periods, results for 2-14 shown.

5:07 starts the 20 year comparison of all periods.

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So is this based on the daily or is it based on the period of your choosing? I can't watch the video at the moment.

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period of your choosing, but highest reliability on the daily or weekly. Lower the period, the lower the confidence. It's not "useless" on a 1 minute, but you'll get a signal every 5-10 minutes or more.

If you were going to start a position in TLRY or SNDL, which would you choose?

McInnis 03 said:

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irish pete ag06 said:

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McInnis 03 said:

---

Why RSI 2 is superior to all other periods, results for 2-14 shown.

5:07 starts the 20 year comparison of all periods.

---

So is this based on the daily or is it based on the period of your choosing? I can't watch the video at the moment.

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period of your choosing, but highest reliability on the daily or weekly. Lower the period, the lower the confidence. It's not "useless" on a 1 minute, but you'll get a signal every 5-10 minutes or more.

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Cool. Thanks. I am really trying to move back to daily and weekly charts more and more. Hourly is as low as I'm going at the moment.

ag94whoop said:

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gougler08 said:

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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

---

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)

---

That's good advice. Here's the crux. While I started the year lucky, I went on a week long window of horrible decisions, and didn't trade options at the time to help myself. Finally after stuff had fallen a ton already I tried starting options but it's only helped a limited amount because values have just fallen mostly.

Now I own
4500 shares of WWR at $7.82 avg cost
1300 shares of TLRY at $27.80 avg cost
9000 shares of SNDL at $1.52 avg cost
2200 shares of CLOV at $13.75 avg cost
Plus RIOT, FUBO and KIQ
This "play" Portfolio went from $145k to $172k to now $105k since January

---

I just loaded more KIQ and I think FUBO has enough juice in options that you could lower your cost base there on rips/dips

WWR was a mass accumulation play of OA so it's probably a wait for the rest of the year until it comes back up

The pot stocks are tough...not sure what to do there

Why didn't I hold my tsla $605 puts?? Oh well made a nice gain off playing tsla puts this week.

gougler08 said:

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ag94whoop said:

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gougler08 said:

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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

---

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)

---

That's good advice. Here's the crux. While I started the year lucky, I went on a week long window of horrible decisions, and didn't trade options at the time to help myself. Finally after stuff had fallen a ton already I tried starting options but it's only helped a limited amount because values have just fallen mostly.

Now I own
4500 shares of WWR at $7.82 avg cost
1300 shares of TLRY at $27.80 avg cost
9000 shares of SNDL at $1.52 avg cost
2200 shares of CLOV at $13.75 avg cost
Plus RIOT, FUBO and KIQ
This "play" Portfolio went from $145k to $172k to now $105k since January

---

I just loaded more KIQ and I think FUBO has enough juice in options that you could lower your cost base there on rips/dips

WWR was a mass accumulation play of OA so it's probably a wait for the rest of the year until it comes back up

The pot stocks are tough...not sure what to do there

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Yeah I own 10000 shares of KIQ at avg cost of 0.83. No options and it trades low volume so I may just wait it out.
Hate the fact that the moment I bought heavy it nosedived for the first time in months lol

Bought some more ARKK here.