The biggest value of this thread for me is the variety of perspectives and trading/investing styles. I'm not experienced shorting, but I can read the experience of someone who is and how they have seen similar situations play out.
Stock Markets
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Bob Knights Paper Hands
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this post... haha. Nothing like a Con Air winking Nick Cage in the morning.FJ43 said:
Mornun!
Your morning snapshot....
Be safe
Don't chase
Trade Wiselyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Here's another perspective for ya then. I had fidelity managing an IRA for several years and with the doom and gloom forecast leading up to the election/covid I moved all the money to a self directed account even though my rep told me he was still seeing some "upside" left in the "business cycle". I planned on managing it myself but mostly staying cash. My fidelity rep called me after six months - since he calls me twice a year and we compared notes - where I was and where I would have been had I left the account alone. I hadn't made much money - didn't expect to. Sadly, I would have "made" 18% in those six months had I left it in the Fidelity managed account. That's a lot of money. I'm not pimping Fidelity, but I gave them back a bunch of money to manage, and kept some money to "play" with. My point is, some of us will not outperform "the pro's" until such time as we become a lot better than we are - and some of us may never be able to outperform them for whatever reason(s).
stop trying to be nice, I know the reason. It's because I am idiot.cageybee77 said:
and some of us may never be able to outperform them for whatever reason(s).
Charismatic Megafauna
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AG
Nice try, fidelity sock!
Anyone still in $PHUN? Looks like it could be waking up a little.
Lol - I'm not recommending them - and I never have.
FJ43
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I doubt it, but I certainly haven't proven I'm not.
They are probably just trying to dilute the Texags mafia pushing us back under 5%. Just means we gotta buy more!
Aggiesincebirth said:
They are probably just trying to dilute the Texags mafia pushing us back under 5%. Just means we gotta buy more!
Hey I did my part. I've got quite a bit of shares.
Buy the dips until the trendline from March 2020 fails remains the strat in #ES_F. Yesterday, my support was 4265 & we tested 4264.25 & rallied 20 points.
— Adam Mancini (@AdamMancini4) June 29, 2021
Plan today: Supports = 4270/4255 & price bull flagging overnight. Targets 4308, 4335, then 4370 where i'd expect a good dip https://t.co/IKyJoOBav7
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Im keeping an eye on TSLA. Takes a little dip probably jumping in some Aug $720 calls.
Charismatic Megafauna
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AG
Almost another $10 on spy before the pullback!?
Goodness!
I'm continuing to trim positions, increase % cash, and stay on top of my hedges and focus on smaller trades and day trading spy with mancinis levels with <1% of my account until that happens
Goodness!
I'm continuing to trim positions, increase % cash, and stay on top of my hedges and focus on smaller trades and day trading spy with mancinis levels with <1% of my account until that happens
I'm watching at the moment with more to be added:CrazyRichAggie said:
Im keeping an eye on TSLA. Takes a little dip probably jumping in some Aug $720 calls.
RBLX
QS
STEM
AMC
CRM
COIN
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
FJ43 said:I'm watching at the moment with more to be added:CrazyRichAggie said:
Im keeping an eye on TSLA. Takes a little dip probably jumping in some Aug $720 calls.
RBLX
QS
STEM
AMC
I let my 11yo buy RBLX. He got in at $66. He's wishing he bought more!
I'd love to see a 430 touch so I can enter August puts. I don't plan to wait for 437NRD09 said:
Almost another $10 on spy before the pullback!?
Goodness!
I'm continuing to trim positions, increase % cash, and stay on top of my hedges and focus on smaller trades and day trading spy with mancinis levels with <1% of my account until that happens
Until then I am keeping thin as well and scalping weeklies. MAs I keep adding a little here and there.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Tuesday Macros
Treasuries Marginally Lower... Cant Get Through Resistance For Now
We saw a treasuries, reflation unwind, type of trade yesterday... The catalyst was the talk that Joe Manchin, who seems to have more power than the President at the moment, would not support a infrastructure bill higher than 2 trillion in the reconciliation process... Curtailing the absurd talk from Schumer of a 5 trillion package... Treasuries rallied from the Friday rate lock lows of 1.52-1.54 to the resistance level of 1.47... But could not get through that.
Delta variant is getting a lot of press outside the US... This could slow down global growth, but that has not stopped European confidence levels from soaring well above expectations this morning. Economic Confidence soared to 117.9 and Services Confidence came in over 2% higher than expectations... Meanwhile the US economy continues to be strong...
Today we expect some back and forth... Short covering is done for now as reallocations and extensions are awaited for tomorrow's month end and quarter end... With S+P's up about 1.1% and Bonds better by .7%, we do not expect much from the reallocation trade... The duration extension is more meaningful... But we think some of that was done yesterday...
Fed speak will not be an issue. Barkin will be in an MNI event.. Bostic and Bartin speak tomorrow... We do not see any expected Fed headlines of consequence until we get the non farm numbers on Friday... The WSJ has a good piece saying that the Fed is considering curtailing their mortgage purchases first and leaving treasuries alone... While mortgages are absurdly expensive given the lack of needs to support housing, the amount of treasuries the Fed is buying currently exceeds the treasury supply... That is monetizing the deficit for sure... It will change if the infrastructure gets passed... But for now it won't change that quickly.
Equities...still expensive... Stanley doubled their dividend... But for now we see too much money on the sidelines destined for equities... It will change and we will see a correction... But that is not on our radar for the moment.
Treasuries Marginally Lower... Cant Get Through Resistance For Now
We saw a treasuries, reflation unwind, type of trade yesterday... The catalyst was the talk that Joe Manchin, who seems to have more power than the President at the moment, would not support a infrastructure bill higher than 2 trillion in the reconciliation process... Curtailing the absurd talk from Schumer of a 5 trillion package... Treasuries rallied from the Friday rate lock lows of 1.52-1.54 to the resistance level of 1.47... But could not get through that.
Delta variant is getting a lot of press outside the US... This could slow down global growth, but that has not stopped European confidence levels from soaring well above expectations this morning. Economic Confidence soared to 117.9 and Services Confidence came in over 2% higher than expectations... Meanwhile the US economy continues to be strong...
Today we expect some back and forth... Short covering is done for now as reallocations and extensions are awaited for tomorrow's month end and quarter end... With S+P's up about 1.1% and Bonds better by .7%, we do not expect much from the reallocation trade... The duration extension is more meaningful... But we think some of that was done yesterday...
Fed speak will not be an issue. Barkin will be in an MNI event.. Bostic and Bartin speak tomorrow... We do not see any expected Fed headlines of consequence until we get the non farm numbers on Friday... The WSJ has a good piece saying that the Fed is considering curtailing their mortgage purchases first and leaving treasuries alone... While mortgages are absurdly expensive given the lack of needs to support housing, the amount of treasuries the Fed is buying currently exceeds the treasury supply... That is monetizing the deficit for sure... It will change if the infrastructure gets passed... But for now it won't change that quickly.
Equities...still expensive... Stanley doubled their dividend... But for now we see too much money on the sidelines destined for equities... It will change and we will see a correction... But that is not on our radar for the moment.
BIGC is an OA favorite and had a lot of volume on Friday. Anyone care to provide their thoughts? I'm in it with a small position currently.
So on the topic of trading full time. I'm nowhere near that but I always see some of y'all talking about making sure to pay yourself after earning some profit or however you decide. What % of a trade or % profit do you typically take out to pay yourself? This account is pretty small for me so I'm assuming we're talking not a whole not until I can grow my account a lot more.
Yoooooo ftch
$NIO
$AMC
Cloud said:
$AMC
Not a big fan of trusting redddit but something about the FTD on the current short interest and no longer able to borrow shares? Could this be the big catalyst for it?
Out on RIOT. Congrats all
You don’t trade for money, you trade for freedom.
SPX testing 4300 right out of the gate:
18x bagger!McInnis 03 said:
MJWL penny runner. one of the penny lotto from a few weeks ago
$NIO!!!
Out of $NIO. Great play as usual, OA
$COIN.
$RIG on a run
We are gonna look back on this soon and be like 'IT WAS SO FREAKING OBVIOUS"Greendale 87 said:
$RIG on a run
anyone else having trouble with Fidelity this morning?
Entered TSLA 7/16 $700 entry 22.25. Gotta tight stop on these.
Net free+ on PLUG calls
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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