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24,736,789 Views | 233445 Replies | Last: 11 min ago by BucketofBalls99
slacker00
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AG
RE: CATV
No position, but I saw a friend said someone posted something about FBI investigation into fraud on ST. The ST crowd thinks it is a fake.
FJ43
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CHWY calls at 30%
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Farmer @ Johnsongrass, TX
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Got it! Thanks!
agdaddy04
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AG
is PETZ one I need to lick my wounds on and just dump?
FJ43
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Well we made it through the week.

Hope everyone had a good day with the AAPL & PYPL lottos today. They don't always work out but we've had some good ones lately.

I can do a few charts over the next few days if y'all have any to check out.



Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

drred4
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lets try and oddball here CHEF
Triple_Bagger
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$30,000 Millionaire said:

I am about to close out all my short positions except:

  • ASAN July 60P and August 70P
  • QQQ August 360P
  • SPY August 435P

I am going to start with 1 contract trading mid next week until I can make some wins again.

Edit the ASAN July 60P is already at max loss.
ASAN July 60P is trading at 0.25. Not max loss yet
FTAG 2000
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AG
FJ43 said:



Well we made it through the week.

Hope everyone had a good day with the AAPL & PYPL lottos today. They don't always work out but we've had some good ones lately.

I can do a few charts over the next few days if y'all have any to check out.





ARKW
DS
IMMR
NIO

Please.
FTAG 2000
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AG
Another volume spike at the close on ASAN. LOL.
Phat32
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AG
Nice day for MYCOF finally
Ragoo
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AG
Took bullish call spreads for next week at the close. $5-$10 wide spreads all ATM.
McInnis 03
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AG
FJ43 said:


Next Week Lotto Friday


Someone on here is gonna have to fill in next Friday.

We along with our sons and daughters in law are all taking a road trip through KY to tour the bourbon trail, a few horse farms then up to the Ark & Museum. Back late Sunday.

Leaving early Thursday so I can't play in the sandbox with y'all.
Theta Warrior needs to do it.


FJ43
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drred4 said:

lets try and oddball here CHEF

CHEF

This is a weekly view.

So the high since 2012 is about 42.06.
Basically at resistance now going back to Oct 2018.
Outside of one big day in Nov last year volume is declining.
Its been range bound since Feb between 30-35. Possibly consolidation.

IMO I think this will need some sort of catalysts (acquisition, merger, huge growth, etc.) to make any big moves.





Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

drred4
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Thanks, I have set a point to sell if it gets back close to 32.00 a few days back. I think I have pretty muched milked this one as much as I could. I should have sold a few weeks ago when it was 33.00 but was on vacation and my mind was on other things. Just holding shares.
FTAG 2000
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AG
oldarmy1 - any chance we can get that options class video from you? I have been getting my butt kicked on options plays and need to reset on those.

tramaro1
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AG
Can you do one for $NOW?
Triple_Bagger
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AG 2000' said:

Another volume spike at the close on ASAN. LOL.
Daily volume was about half of the average. This turd will flush soon.
OutlawAG04
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Did anyone see any recent information from Redler about his percentage cash? Not sure if I misread his BTC chart but he mentioned going from 80% cash to 70% cash. That's a pretty heavy position on the powder if so

$30,000 Millionaire
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AG
anything you all want charted? I recommend that you do the opposite of whatever I suggest at the moment, but happy to give thoughts on anything.
You don’t trade for money, you trade for freedom.
Spoony Love
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AG
What about NUE? Maybe a long-term hold?
zag213004
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AG
CWH please. I picked this because of a rec from you and it's doing well so don't kick yourself too hard
FJ43
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tramaro1 said:

Can you do one for $NOW?
This thing has been strong since early June. Heck since early 2020. I have played it multiple times and has been a good trade.

So with that though see where it is now. It has had some big moves and finally made it to an important SR.

Been here 4X and hasn't held it yet. Over today's high and probably play to the SRs above.

Its great for weekly options trades and who knows maybe it goes to the moon but its at a point to make a real decision IMO.





Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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AG
first thing is first. I went back to look at SPX and I thought I would explain to you all why I went short besides the daily/weekly being at +3 ATR. It was also because SPX was at the 161.8 fib level and on the weekly chart, SPX has tended to have some trouble with the major fib levels, especially the 100% level. I did not expect it to power through WITHOUT a weekly close underneath it like we say at 100% and 78.6%

You don’t trade for money, you trade for freedom.
FJ43
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AG 2000' said:

FJ43 said:



Well we made it through the week.

Hope everyone had a good day with the AAPL & PYPL lottos today. They don't always work out but we've had some good ones lately.

I can do a few charts over the next few days if y'all have any to check out.





ARKW
DS
IMMR
NIO

Please.
DS

Probably got the bounce on the 200EMA you want but....

I think will need some help here.
Below all EMAs except 200
Largest support around 2.46
2.96 may be tough resistance.
Its at -2 ATR
Volume profile doesn't show any gaps to escape into so could have selling pressure all the way back to 3.50

Could be very wrong but probably needs volume to move it through the chatter.

Buy/write maybe?
Risk off at 2.72 if loses here IMO

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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AG
Part 2 of that. I thought we were getting overbought and I thought we would have more trouble with the 161.8% fib from the recent swing high to swing low. When we closed above the 4330 level, I thought there would be a high probability failure or close below the 161.8% fib. We tested below it twice. Yesterday's action was very bearish and a perfect bear trap for me. When we closed under the 50% fib retracement of the current swing and close to the 161.8 of the swing before that, I thought this was a confluence of factors that would drive us to a mean reversal. Let alone how far above the 8/21 we have been for a long time. Now that we've soared past a full retracement today with a new ATH, I don't see anything stopping us until 4450 - 4500.

I am so upset because this SHOULD have dumped. Now, it is bullish consolidation at ATH. I still think the fed call will show up and I do think a wave down (market moves in waves) has to happen. I am not an Elliot Waver, but they know what they're doing.

You don’t trade for money, you trade for freedom.
spud1910
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AG
If any of you charters want to look at CDNA that would be great. 30K you did it for me a week or two ago and thought it needed to be a little lower. It has fallen, but maybe ready to start back up. Not much volume tho.
$30,000 Millionaire
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AG
one more fib view that I think you'll find interesting. Look where we've had trouble since the blow off top last August. There are no more fib levels above this for a long time. like 5000. We will likely never see below 3600 again without a black swan event.

You don’t trade for money, you trade for freedom.
FJ43
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ETSY

IMO anything in that circle for next week (blue vertical is 7/16) and these pay well.

Break that dang red line and I'll go fishing.

Above 8/12/21/50/200 EMAs. Needs the 5 back.

Bounced the ATR mean yesterday and is +1 close today. Has room.



Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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AG
$NUE - this is in the buy zone. Cut below $92.

You don’t trade for money, you trade for freedom.
FJ43
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$30,000 Millionaire said:

Part 2 of that. I thought we were getting overbought and I thought we would have more trouble with the 161.8% fib from the recent swing high to swing low. When we closed above the 4330 level, I thought there would be a high probability failure or close below the 161.8% fib. We tested below it twice. Yesterday's action was very bearish and a perfect bear trap for me. When we closed under the 50% fib retracement of the current swing and close to the 161.8 of the swing before that, I thought this was a confluence of factors that would drive us to a mean reversal. Let alone how far above the 8/21 we have been for a long time. Now that we've soared past a full retracement today with a new ATH, I don't see anything stopping us until 4450 - 4500.

I am so upset because this SHOULD have dumped. Now, it is bullish consolidation at ATH. I still think the fed call will show up and I do think a wave down (market moves in waves) has to happen. I am not an Elliot Waver, but they know what they're doing.


Great write up and explanation. IMO technically why wouldn't you go short at these levels and technicals.

This is hard trading to me other than just trade short term stuff and what's in front of me that day. Trying to plan longer term has been challenging to me.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Bosco
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AG
Would love to see a COUP chart if you would sir
$30,000 Millionaire
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AG
$CWH - descending channel. Buy on bullish channel break for a trade, sell puts on touch of bottom of channel or touch of 200 SMA. I think we are near a tradeable long IF the macro markets cooperate (but why wouldn't they? Do we even need to hedge anymore?)

I own a boat load of these shares because I believe in Marcus Lemonis. If you own this sub $30, I would recommend never selling.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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AG
I think ultra tactical trading should be the way right now.
You don’t trade for money, you trade for freedom.
slacker00
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AG
What's the decision process for selling puts vs buying calls in the situation you describe?
$30,000 Millionaire
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AG
$COUP. Not a clean setup IMO at the moment. Maybe take a long on 21 EMA touch with a tight stop below it. I would find this more interesting long if it closed and stayed above the 200. Lots of room to run if it does, though. Downside likely limited at this point.
You don’t trade for money, you trade for freedom.
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