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$30,000 Millionaire
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4:56p, 8/27/21
AG
Because there is some FOMO on the board.

If you were trading SPRT, wouldn't you be happy to sell at $20 for a stock you bought at $8? Can you imagine chasing it during the day and being the poor dumb fool that bought this at $59.69?

BBIG will do something similar next week.

You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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4:58p, 8/27/21
AG
You guys know what's going to happen.

You don’t trade for money, you trade for freedom.
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gougler08
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In reply to $30,000 Millionaire • 5:03p, 8/27/21
AG
$30,000 Millionaire said:
gougler08 said:
AG 2000' said:
BBIG running hard after hours.


Yikes, any I thought selling at $5 was good
It was. The trade is behind you. I sold at $4.80.

There's no point trying to top tick the market.
Oh no doubt, really solid trade for me and it was in the retirement account so no taxes (even better)

Time for beer and a relaxing weekend, hope the same can be said for everyone else
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$30,000 Millionaire
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In reply to lobwedgephil • 5:05p, 8/27/21
AG
lobwedgephil said:
We won't have a 1929 style crash. The federal reserve won't let it happen. They'll print 50T before they let it crash, they'll ban short selling, and they'll directly buy shares in ETFs like DIA, SPY, and QQQ. I'm serious that they'll ban short selling. They have done it before.

Here's my crash scenario for you all. It's the lowest we will be allowed to go.



You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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5:14p, 8/27/21
AG
I really like fibonacci numbers for trading, so I thought it would be interesting to look at the fibs on a monthly chart since the 2020 high/low.

Isn't it insane how we've gone from the 100% fib level through the 1.618 level without and real pullback? There was a little bit of struggle at 161.8. I think you have to be open minded for what's essentially a squeeze into the 2.618 level, which is 800 points up. It sounds implausible, but a year ago, all of us would have laughed at us being at 4500 by now.

I don't think the 2.618 level can be targeted without a pull back to 4100. The longer this goes straight up, the harder the fall will be. Again, I think 3700 is the lowest they'll let it go.



Edit - this is just screaming "sell". If you're bold, I think EOY 4500P would really pay.
You don’t trade for money, you trade for freedom.
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irish pete ag06
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In reply to gougler08 • 5:16p, 8/27/21
AG
gougler08 said:
AG 2000' said:
BBIG running hard after hours.


Yikes, any I thought selling at $5 was good
Same buddy. I'm not upset with a 97% profit on my calls but sheeeeesh.

Oh and to add to the thoughts above... I feel no emotion to it at all. Green is green baby!
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Brewmaster
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6:54p, 8/27/21
AG
BBIG, ROOT, ATER - all these micro turds will still be great scalps on Monday.

ATER might have more juice left in it than BBIG (with just a quick glance at a chart).

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Ernest Tucker
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In reply to $30,000 Millionaire • 7:24p, 8/27/21
AG
$30,000 Millionaire said:
You guys know what's going to happen.



I'm going to have a bad run of holding onto things for way too long coping with the memory of apparently selling this way too soon??
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OutlawAG04
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7:52p, 8/27/21
Not having time to join some of lotto Friday fun was frustrating but it also gave me time to reflect on a few things I noticed (mostly on Twitter) in the spring

We are all trading for freedom in some form or another. Be disciplined in your mindset that you are here to make money and protect your money.

Chasing meme stocks can be fun as a lotto type play but trust the veterans on here when they say you are chasing. If you jump in, set a risk/reward and stick to it. Don't be pissed that you missed an extra upside if you made a quick flip.

There are guys on Twitter acting like this was the 2nd coming of GME today. This board has provided multiple options plays that have run double your money instead of waiting on BBIG to "squeeze."

I'm ranting a bit, but I only say this to really offer my 2 cents to guys that get FOMO (I have been very guilty myself). You don't have to hit 100% returns on every play. I chased in the spring and was left holding the bag on a number of stocks.

I got over a mental hurdle today and it felt good to just pass on some things I couldn't really monitor. Focus on turning your money over. You grow your account slowly and methodically you will reach and exceed your goals. A $10,000 account at 100% return turned 10 times is $10,240,000. That doesn't account for taxes, but I'm simply illustrating that any account size can achieve freedom.

Cheers to the board and I hope we all continue to grow financially and help each other become better traders. Can't say thank you enough to everyone. I'm pumped for Monday!
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confucius_ag
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8:37p, 8/27/21
AG
I bought 10 SAVA 60C lottos this morning for .85 and sold them at 5.50
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Brewmaster
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In reply to OutlawAG04 • 8:44p, 8/27/21
AG
OutlawAG04 said:
Not having time to join some of lotto Friday fun was frustrating but it also gave me time to reflect on a few things I noticed (mostly on Twitter) in the spring

We are all trading for freedom in some form or another. Be disciplined in your mindset that you are here to make money and protect your money.

Chasing meme stocks can be fun as a lotto type play but trust the veterans on here when they say you are chasing. If you jump in, set a risk/reward and stick to it. Don't be pissed that you missed an extra upside if you made a quick flip.

There are guys on Twitter acting like this was the 2nd coming of GME today. This board has provided multiple options plays that have run double your money instead of waiting on BBIG to "squeeze."

I'm ranting a bit, but I only say this to really offer my 2 cents to guys that get FOMO (I have been very guilty myself). You don't have to hit 100% returns on every play. I chased in the spring and was left holding the bag on a number of stocks.

I got over a mental hurdle today and it felt good to just pass on some things I couldn't really monitor. Focus on turning your money over. You grow your account slowly and methodically you will reach and exceed your goals. A $10,000 account at 100% return turned 10 times is $10,240,000. That doesn't account for taxes, but I'm simply illustrating that any account size can achieve freedom.

Cheers to the board and I hope we all continue to grow financially and help each other become better traders. Can't say thank you enough to everyone. I'm pumped for Monday!
very well said, cheers brother! I love the $10k at 100% 10 x bit... I need to remind myself of this, especially when I get greedy.
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Brewmaster
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In reply to confucius_ag • 8:46p, 8/27/21
AG
confucius_ag said:
I bought 10 SAVA 60C lottos this morning for .85 and sold them at 5.50
dayum, great work there. I bought more shares on the dip, wasn't smart or quick enough to grab lottos on it. Incredible.
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ProgN
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In reply to confucius_ag • 9:25p, 8/27/21
confucius_ag said:
I bought 10 SAVA 60C lottos this morning for .85 and sold them at 5.50
Very nice play man!

My preference is to find the short seller, which probably is a whale, that's orchestrating this attack and drop him off in Afghanistan in drag and carrying a hand drawn pic of mohammed. He'd be the star in a beheading video on Twitter within 2 hours. Yes, it sounds harsh and some of you will be repulsed by this, but IDGAF. People like this make money by crushing small investors because they feel invincible. If SAVA is exposed as perpetuating a fraud, then I'll apologize for my comment. I don't think they're doing a fraud but someone with deep pockets is manipulating a stock, at the expense of smaller investors, to enrich themselves and that really pisses me off.

FTR, I'm not referring to myself or anyone here, I'm talking about novice investors, not traders, that believe in the message and prospect of something that would've helped a loved one in the past that are petrified. IMO, people like this are the worst. SAVA should bait/trap the SOB by delaying a scheduled update for 2 days and let him flood the press in an attempt to crush the stock, then spring the trap and crush him.
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mazag08
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In reply to $30,000 Millionaire • 9:42p, 8/27/21
AG
$30,000 Millionaire said:
I really like fibonacci numbers for trading, so I thought it would be interesting to look at the fibs on a monthly chart since the 2020 high/low.

Isn't it insane how we've gone from the 100% fib level through the 1.618 level without and real pullback? There was a little bit of struggle at 161.8. I think you have to be open minded for what's essentially a squeeze into the 2.618 level, which is 800 points up. It sounds implausible, but a year ago, all of us would have laughed at us being at 4500 by now.

I don't think the 2.618 level can be targeted without a pull back to 4100. The longer this goes straight up, the harder the fall will be. Again, I think 3700 is the lowest they'll let it go.



Edit - this is just screaming "sell". If you're bold, I think EOY 4500P would really pay.


I really can't tell how you're using your fibs here. Do you just click random points and draw retracements? What are we supposed to be measuring and why?
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FTAG 2000
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In reply to $30,000 Millionaire • 9:59p, 8/27/21
AG
$30,000 Millionaire said:
I really like fibonacci numbers for trading, so I thought it would be interesting to look at the fibs on a monthly chart since the 2020 high/low.

Isn't it insane how we've gone from the 100% fib level through the 1.618 level without and real pullback? There was a little bit of struggle at 161.8. I think you have to be open minded for what's essentially a squeeze into the 2.618 level, which is 800 points up. It sounds implausible, but a year ago, all of us would have laughed at us being at 4500 by now.

I don't think the 2.618 level can be targeted without a pull back to 4100. The longer this goes straight up, the harder the fall will be. Again, I think 3700 is the lowest they'll let it go.



Edit - this is just screaming "sell". If you're bold, I think EOY 4500P would really pay.
How do you get the Fibs to only show on the last period or two and not go all the way across the chart?
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OutlawAG04
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In reply to Brewmaster • 10:00p, 8/27/21
Thanks and hats off to you on some of the verticals you have posted lately. Still need to get better at finding more of those. I just think it is easy for many (guilty myself) to see people posting daily "we got a ripper" or "squeeze time." This leads to reckless trading and I have experienced it as well as many others.

Yea, the 10k example is sitting on my desk as a reminder as well as several examples of bag holding losses I took on some meme stocks to remind me to stay focused

To be clear though, MA stocks and any future recommendations on TexAgs can feel free to squeeze haha!
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tlepoC
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10:02p, 8/27/21
AG
Start the fib at the high and go to the low of a big price movement on any timeframe (or vice versa). That will place the 0 and 100% and generate the rest of the fib lines.

It should draw for all periods past that initial drawing.
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$30,000 Millionaire
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In reply to mazag08 • 11:05p, 8/27/21
AG
It is the feb 2020 high to the 2020 low and the extensions beyond that. Pretty standard way of doing it.

They're not random points.
You don’t trade for money, you trade for freedom.
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lobwedgephil
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7:50a, 8/28/21
We doubled off the the covid low a few weeks ago, which is pretty crazy. Took 354 trading days to do that, usually takes about 1000 trading days to double.
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docaggie
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In reply to ProgN • 12:34p, 8/28/21
AG
Prognightmare said:
confucius_ag said:
I bought 10 SAVA 60C lottos this morning for .85 and sold them at 5.50
Very nice play man!

My preference is to find the short seller, which probably is a whale, that's orchestrating this attack and drop him off in Afghanistan in drag and carrying a hand drawn pic of mohammed. He'd be the star in a beheading video on Twitter within 2 hours.
This seems like just the sort of thing a whale short seller would say to throw off suspicion!
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
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Bob Knights Paper Hands
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In reply to docaggie • 12:44p, 8/28/21
It's been Prog shorting it all along?

gifs.com/gif/quot-i-know-it-was-you-fredo-quot-vQVBPb

https://imgflip.com/i/3gy7p9

https://giphy.com/gifs/godfather-hiAX0TKTGyRTG




https://tenor.com/view/godfather-michael-corleone-al-pacino-you-broke-my-heart-i-know-it-was-you-gif-21778490

Crap, I give up.
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ProgN
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In reply to docaggie • 1:43p, 8/28/21
Brewmaster
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3:39p, 8/28/21
AG
interesting take on BABA, HP isn't wrong often.



looks like he either deleted it or made it private, but basically BABA is a fraud and time will tell on it.
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FJ43
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5:15p, 8/28/21
Time for rally week.


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

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mazag08
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In reply to $30,000 Millionaire • 5:44p, 8/28/21
AG
$30,000 Millionaire said:
It is the feb 2020 high to the 2020 low and the extensions beyond that. Pretty standard way of doing it.

They're not random points.


But why those two points? What makes them relevant? And it's hard to tell from your picture. Are you using extensions or retracements?

I promise I'm not trying to be an ass. You know I'm an EW guy. I'm trying to figure out how the rest of the universe uses these tools and what I might be missing. And you're one of the best on here.
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BrokeAssAggie
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In reply to FJ43 • 5:46p, 8/28/21
What are you drinking?
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FJ43
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In reply to BrokeAssAggie • 5:53p, 8/28/21
Today Blue Moon in a frozen glass with one slice of orange and one slice of lime.

Blackened dry rubbed cajun habanero spiced wings. Crispy.

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

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ProgN
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In reply to FJ43 • 5:56p, 8/28/21
And some Tennessee ass for dessert.
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bmoochie
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In reply to ProgN • 5:57p, 8/28/21
AG
Prognightmare said:
And some Tennessee ass for dessert.


Dead
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GreasenUSA
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6:11p, 8/28/21
AG
Does anyone have a read on SAVA for the upcoming week?

I liked 30K's idea of the 85C/100C the other day. Filled it at the last minute on Wednesday, and sold first thing Thursday morning for a little over 10% profit. I know they went much lower the rest of the week, but if no huge gap, am considering trying for the 65C/80C on a cross back over 60 on Monday morning. Looks like you can probably grab it for around $350 or so at that price.
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FJ43
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In reply to ProgN • 6:51p, 8/28/21
Prognightmare said:
And some Tennessee ass for dessert.


In about a week (9/7) Mrs FJ and I celebrate 30 years of marriage.

I've learned my place and strategy to make it this long.

Blessed.

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

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$30,000 Millionaire
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In reply to mazag08 • 7:41p, 8/28/21
AG
mazag08 said:
$30,000 Millionaire said:
It is the feb 2020 high to the 2020 low and the extensions beyond that. Pretty standard way of doing it.

They're not random points.


But why those two points? What makes them relevant? And it's hard to tell from your picture. Are you using extensions or retracements?

I promise I'm not trying to be an ass. You know I'm an EW guy. I'm trying to figure out how the rest of the universe uses these tools and what I might be missing. And you're one of the best on here.


They're relevant because it's a major high to a major low and the corresponding price action thereafter. We are still in the move off that 2020 low because we haven't had any sort of real sell off since then (10-20%). The market tends to, but doesn't always, reflect fib movements.

OA's model T strategy is a 50% fib retracement. It happens darn near 90% of the time.
You don’t trade for money, you trade for freedom.
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mazag08
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In reply to $30,000 Millionaire • 8:23p, 8/28/21
AG
$30,000 Millionaire said:
mazag08 said:
$30,000 Millionaire said:
It is the feb 2020 high to the 2020 low and the extensions beyond that. Pretty standard way of doing it.

They're not random points.


But why those two points? What makes them relevant? And it's hard to tell from your picture. Are you using extensions or retracements?

I promise I'm not trying to be an ass. You know I'm an EW guy. I'm trying to figure out how the rest of the universe uses these tools and what I might be missing. And you're one of the best on here.


They're relevant because it's a major high to a major low and the corresponding price action thereafter. We are still in the move off that 2020 low because we haven't had any sort of real sell off since then (10-20%). The market tends to, but doesn't always, reflect fib movements.

OA's model T strategy is a 50% fib retracement. It happens darn near 90% of the time.


A retracement measures a correction. An extension measures an impulsive move. I'm curious why you're using a retracement.
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In reply to mazag08 • 8:44p, 8/28/21
AG
It's a retracement plus extension levels.
You don’t trade for money, you trade for freedom.
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8:45p, 8/28/21
AG
Does anyone here use spotgamma?
You don’t trade for money, you trade for freedom.
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