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24,763,456 Views | 233455 Replies | Last: 44 min ago by agdaddy04
$30,000 Millionaire
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AG
Buy $RDHL. Target $10. Cut $6
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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AG
do not buy SPRT
You don’t trade for money, you trade for freedom.
Esteban du Plantier
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AG
confucius_ag said:

FJ43 said:

Farmer @ Johnsongrass, TX said:

[url=https://twitter.com/DereckCoatney][/url]Dereck Coatney

@DereckCoatney
[url=https://twitter.com/DereckCoatney][/url]


I can't believe so many stocks look so badly gutted while the indexes are sitting at all-time highs. Amazing.

6:37 PM Aug 25, 2021Twitter Web App

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I've been thinking this for a long time.
Seems limited few dragging it up.
I can't believe we are setting highs with shipping costs at ATH. I am now seeing rates of near $35,000 for a 40' container from Asia. Congestion in ports across the world are not clearing up. Seeing this out to at least May- June. Truck drivers are also scarce. I dont see how this economy keeps moving with so many shortages in every industry.


We use a lot of plastic from China and we're having a tough time getting it shipped because the shipping a container is more than the material in the container. Electronics manufacturers have millions in each container, so the additional cost is less impactful and they can outbid us.
cageybee77
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AG
looks spicy. will watch it!
Charismatic Megafauna
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AG
Okta seems to be getting a lot of love pre-earnings. If they have a good day tomorrow i think I'm gonna buy some put spreads for next week
agdaddy04
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$30,000 Millionaire said:

Buy $RDHL. Target $10. Cut $6
You're saying bail on the trade if it hits $6?
$30,000 Millionaire
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AG
lotto friday ideas, somewhat like Theta Warrior, but set reasonable stops

  • CRM short below 267.79, stop 267.79. Long above 269.80
  • AMD long above 108.61. Short below 106.85
  • NFLX long AF on channel break (go out a couple weeks)
  • DDOG long above 132.5, short below
  • BBY long above 118.1, short below
  • PENN long above 82.22
  • BOX long above 25.46
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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yes
You don’t trade for money, you trade for freedom.
slacker00
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Just occasionally breaking down one of the intraday trades after the fact would be just as beneficial (if not more with time for added detail), and doesn't require extra task loading during the trade.

Either way all insights provided by the crew here are outstanding and appreciated.
Jet Black
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So is SAVA done plummeting?
JCRiley09
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AG
I think the general consensus is that it will recover unless it doesn't
Triple_Bagger
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Jet Black said:

So is SAVA done plummeting?
Tough to say, but I did start buying shares today. Not loading up like I did on the last dip because I think we still need more answers from Cassava about the data manipulation accusations.
$30,000 Millionaire
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slacker00 said:

Just occasionally breaking down one of the intraday trades after the fact would be just as beneficial (if not more with time for added detail), and doesn't require extra task loading during the trade.

Either way all insights provided by the crew here are outstanding and appreciated.
I think the best learnings are a trade I executed poorly on. Even a "pro" trader can screw up

Here you go:

You don’t trade for money, you trade for freedom.
OutlawAG04
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$30,000 Millionaire said:

Trades I took today that worked / didn't work and what I did wrong:

  • SNOW 300C near open on push past 300. Profit
  • ZM 350C on open over 350. Profit
  • BIDU 160C on first break of 156. Profit
  • SNOW 300C on reclaim of $300 and 5 minute 8 EMA. Big profit
  • QQQ 373C tick fade. Profit - played 3X
  • QQQ 373C on trying to catch a bottom. Big mistake, loss, I know better. -40%
  • CRWD 280C - two scalps, one worked, one didn't, basically a wash
  • ZM 360C - entered right before the intraday puke. It never recovered and I'm holding as a lotto until tomorrow given it lost 75% of its value in 10 minutes

Net for the day - green, but would have been a great day if I didn't have the QQQ screw up.

If you guys want, I can try to post some of my intraday stuff, but I am mostly worried about my own execution (buying over triggers), baby sitting 1 minute candles, etc. I enter each trade with a plan, but I adapt my goals based on the price action (e.g. do I give it room if it loses the 8 EMA because I think it will recover or does it look heavy to me and I cut).

I can't take responsibility for your execution.



Watched a number of large caps on the 5 min today to see how intraday respected the 8EMA. I entered 710c lottos for TSLA tomorrow. I think FJ may still be in 720 lottos. If it reclaims $701.37, that qualifies as a trigger for you? I seem to struggle on going back and forth between 1 min, 5 min, and 15 min intraday and would certainly welcome any feedback you or FJ can provide.

Didn't get my fill on 710 puts earlier but there was a decent tweezer top at 714.88 on the 5 min before it dropped to 701.44 area

Bob Knights Paper Hands
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JCRiley09 said:

I think the general consensus is that it will recover unless it doesn't

I come for the stock discussion and stay for the laughs.
$30,000 Millionaire
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AG
this is hard to answer because it depends on what kind of trade you're in. If you're day trading, you need to pick an EMA that works for you. For me, that EMA is the 8 EMA on the 5 minute. Above it is bullish, below it is bearish. Simple as that.

I also watch 15 minute and 30 minute heavily.

For swings, it's daily only.
You don’t trade for money, you trade for freedom.
spud1910
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Thanks for sharing. It does help to see other's thought process.
cageybee77
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What I would say about SAVA is that it's had a huge multi-day drubbing. Do not try to maximize your gain on this one - it's too risky. Rather, wait until there is a sustained and significant rise before buying in (again). Perhaps even a rise over multiple days. Just my opinion.
slacker00
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If you aren't losing you aren't trading. Is that a thing? I sure hope it is.

What else are you watching besides the 15m QQQ chart when you are doing this? Any other intervals off QQQ or just market internals?

ETA: see you gave some of these answers while I was responding.
Brewmaster
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$30,000 Millionaire said:

do not buy SPRT
Atlas WSB pump? I literally bought just 1 vertical as a lotto.
OutlawAG04
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Appreciate the feedback. Watching 15 and 30 minute in addition to the 5 min for intraday makes sense. Depending on the opening for TSLA it certainly looked like it was trying to lay a green hammer on the 5 min towards the end of the day.

Bob Knights Paper Hands
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100% agree. Instead of trying to predict the future l'll wait for this one to confirm it's on an uptrend and then buy in. Until then I'm just holding. I may buy back some CCs but other than that just holding.
cageybee77
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When you think about it, this stock will have to climb 50% to get back to it's pre-controversy level. We can wait for it to go up 10% in order to confirm we can profit over the next 40%.
Charismatic Megafauna
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So do you never hold scalping trades overnight? Or do you think jpow is going to tank us tomorrow? Or was the trade just broken at that point?
$30,000 Millionaire
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If I could only watch a couple things to make day trade execution decisions it is 1) one minute candles / 5 minute heiken candles, with the 5 minute 8 EMA 2) volume, 3) ticks

Any decision is made in context of 15/30/60/120/240/daily resistance and support.

You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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NRD09 said:

So do you never hold scalping trades overnight? Or do you think jpow is going to tank us tomorrow? Or was the trade just broken at that point?


Right now I am super tactical. I'd rather part with 40% loss and regroup tomorrow than wake up to a gap down.
You don’t trade for money, you trade for freedom.
OutlawAG04
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Cmon lotto TSLA


ProgN
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$30,000 Millionaire said:


I think the best learnings are a trade I executed poorly on. Even a "pro" trader can screw up
This is so true.

We always learn through pain. Remember when we were all kids and our parents said, "I wouldn't do that ****"? However, we still touched the hot stove, jumped off the roof, or shot each other with bottle rockets? That **** hurt and learned not to do it again. The same life lessons apply to trading. Pain is probably the best educational tool we experience.
jwhitlock3
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Thank you for your feedback, huge help!
FJ43
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Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

bmoochie
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AG
Is it just me or does it feel like he has the same lotto tickers every week. I feel you do sometimes also. DEFINITELY not a dig or criticism because what you bring is so valuable for mine and others learning curve. I just wonder why that is? What am I not seeing for these tickers to always be in lotto rotation?
$30,000 Millionaire
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I trade the same stuff all the time. I know these stocks.

GOOGL
TSLA
OSTK
SQ
NVDA
AMZN
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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FAT SEXY said:

Questions for the vets in here:

Has there always been constant worry that the market is "topping" within a large group of investors throughout the years? Like, was there a heavy degree of skepticism in the markets from people back in say 2015 and they cashed in, leaving future gains on the table?

Is the worry of the market crashing down just a constant theme in the life of an investor?


I'm kind of naturally bearish, so take this with a grain of salt.

I thought we were over extended in early 2020 and I think the majority of fed induced rally since then is ridiculous, but here we are.

Going back a bit:

2001 - 2003: mass pessimism. This was one of the best times to be fully committed long and patient

2004 - 2007: bull market, economy doing great, housing expansion, low unemployment, low rates. This was driven by credit

Late 2007: "new paradigm!!!!!" End of consumer credit funded bull market, but we didn't know that yet

Early 2008: warning signs on housing, talk of inflation fears, credit issues showing up, a couple hedge funds blown up. Talk of a recession happens but most of us thought it was BTD. I know I did.

September 2008: *pay attention to this part* cracks show up and Lehman files for bankruptcy. This drives a bank run. Government intervention rallies the market! SEC bans shorting (seriously). Then kaboom. The worst of it is over by October

2009: extreme pessimism and although the markets bottom and rally, everyone thinks it will be short lived. I wish I had borrowed everything I could to buy AAPL here.

2010 - 2012: belief in recovery settles in and markets start grinding up. 2011 had lots of volatility because of euro zone and austerity fears. Remember the PIIGS? You had people calling for 2009 lows here.

2013 - 2014: first talks about market being extended and the most boring years ever. The bid was slow and relentless with a couple pull backs.

2015: really tough year. Lots of chop. Bears start crowing about a collapse again

2016 - 2018: acceleration because of Trump and his policies that Goose the market. Taper tantrum end of 2018. Bears were calling for a 50% cut

2019: bullish with a brutal bid and minimal pull backs. You all
Know what happened in 2020. Lots of talk about market being extended.
You don’t trade for money, you trade for freedom.
FJ43
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Mornun!

Lotto Friday it is!

US futures green but did trade a little lower in the overnight session.
Asia & Europe mixed slightly leaning red.



30K posted some lotto ideas and I am aligned on those as well.
I posted Theta Warrior's which have some nice overlap.

JP speaking today so be prepared for volatility in and around that.

This is your friend on lotto & fed speech days.....



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

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