FJ43 said:

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Ccutamu said:

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FJ43 said:

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SPY Scalping

My starting plan....

My range I have today is between 406.24 and 413.40/413.82. Levels in between those.
Don't think we get past that 413.80ish level and hope we defend 406. Rejection at 413.80ish and I load ATM puts.

Anything move below 405.33 intraday and I pretty much will move bets to normal sized puts focus plays and 1/2 sized calls intraday.

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FJ...what type of return do you look for when scalping?

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As much as I can get. Just kidding.

SPY only.....

I focus on trading levels not return $ or %. What has helped me is to not pay attention to the Daily P&L, $ or %. When I focus on that I make bad/emotional vs. technical decisions. I actually covered that with a post it note one day just to test the mentality of that. I know I have loose screws...

I've have learned in scalping to focus on trading SR levels the math works out just fine. Key is cutting when trade trend breaks. When I break the cut rule I have to work 2X as hard to get back to breakeven. Do not hope in this game.

Keep losses small and gains larger/consistent.

Have been averaging about 20% a day as long as I maintain discipline on cuts and scaling out. On occasion larger when I can leave a runner.

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LOYAL AG said:

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Jobs report must have been good...444K initial claims v 460K expected.

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Quote:

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Economic Report
U.S. unemployment claims continue to set pandemic lows
Published: May 20, 2021 at 8:46 a.m. ET
By
Greg Robb

0
Layoffs are declining and hiring is on the rise as the economy rebounds from the coronavirus

The numbers: Applications for U.S. unemployment benefits continued to decline to a pandemic low in mid-May as companies ramp up hiring efforts.
Initial jobless claims fell 34,000 to 444,000 in the week ended May 15.
Economists surveyed by Dow Jones and The Wall Street Journal had forecast new claims to fall to a seasonally adjusted 452,000.
New state jobless claims have been cut in half since the start of the year, but they are still more than twice as high now compared to the last month before the pandemic.
The number of applications had been running in the low 200,000s before the viral outbreak early last year.
What happened: Regular applications for unemployment benefits have been falling in every state. So too are applications filed through an emergency federal program set up during the pandemic.
Read: A jobs report whodunit: The prime suspects for weak hiring gains in April
Just 95,086 applications for jobless benefits were filed last week through the federal relief program. They peaked last year at well over 1 million a week.
The number of people already collecting state jobless benefits, meanwhile, rose by 111,000 to a seasonally adjusted 3.75 million.
Read: A record number of small businesses can't find enough workers

Some 5.1 million who have exhausted state compensation were also getting benefits through an emergency program funded by the federal government.
Altogether, the number of people reportedly receiving benefits from eight separate state and federal programs totaled 16 million as of May 1. These claims had topped 30 million early in the crisis.
Fewer than 2 million people were getting benefits before the pandemic erupted.
Note to readers: A government review found the number of distinct individuals collecting benefits has been inflated by fraud and double counting. Widespread fraud has also resulted in tens of billions of dollars in improper payments, a Labor Department review estimated.
Big picture: Layoffs and new jobless claims are waning, but a big debate has broken out over whether extra jobless benefits are keeping some unemployed people from taking jobs.
The debate intensified after a disappointing April jobs report. Since then nearly 20 states have said they plan to stop offering a $300 weekly federal benefit in June to push people back into the labor force, a move that could affect several million people.
Whatever the case, a fast-growing economy buoyed by federal stimulus, low interest rates and high savings is expected to remain strong over the summer. The result is likely to be a lot more hiring and new jobs that adds to the economic momentum.
Market reaction: The Dow Jones Industrial Average DJIA, 0.04% and S&P 500 SPX, 0.40% were set to open lower in Thursday trades, extending recent losses on worries about rising inflation.

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Irish 2.0 said:

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gougler08 said:

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Ferris Wheel Allstar said:

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ONTX offering a reverse stock split

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Dumb

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Didn't have a choice. Without the reverse split they would face delisting

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$TTD #update 🚀🚀
See Before and After https://t.co/z4pBqLdi6u pic.twitter.com/bfy51I7hqz

— Ripster (@ripster47) May 20, 2021

gougler08 said:

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Irish 2.0 said:

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gougler08 said:

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Ferris Wheel Allstar said:

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ONTX offering a reverse stock split

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Dumb

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Didn't have a choice. Without the reverse split they would face delisting

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They were just at $1 a day ago? I assume the split was approved before that, but still

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fightintxag13 said:

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ClutchCityAg said:

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did we get a target on the DBX calls from OA?

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I have down 1.25. I think FJ actually gave that target.

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Bulldog73 said:

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I'm really thinking about getting into TTD. My "portfolio" is more like a Lisa Frank 2 pocket folder, so it would be a very substantial portion of my holdings. Anyone else getting in on that action?

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FJ43 said:

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SPY Scalping

My starting plan....

My range I have today is between 406.24 and 413.40/413.82. Levels in between those.
Don't think we get past that 413.80ish level and hope we defend 406. Rejection at 413.80ish and I load ATM puts.

Anything move below 405.33 intraday and I pretty much will move bets to normal sized puts focus plays and 1/2 sized calls intraday.

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Irish 2.0 said:

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gougler08 said:

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Irish 2.0 said:

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gougler08 said:

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Ferris Wheel Allstar said:

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ONTX offering a reverse stock split

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Dumb

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Didn't have a choice. Without the reverse split they would face delisting

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They were just at $1 a day ago? I assume the split was approved before that, but still

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Has to close for 30 days (I believe) in a row for the delisting notice to void

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NRD09 said:

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$MARA!!!
Sell some premium this morning or is she ready for a real run?

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