He's just helping crash WWR so he can buy in a bit cheaper before it moons

Sully Dog said:

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La Bamba said:

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https://www.cnbc.com/2021/12/02/tesla-seeks-tariff-exemption-for-graphite-from-china-for-batteries.html

"As a result of Tesla's due diligence process for suppliers of artificial graphite, globally and in the United States, Tesla has concluded that no company in the United States is currently capable of producing artificial graphite to the required specifications and capacity needed for Tesla's production," Tesla wrote.

...yet?

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What the ****? There are not just one, but two companies doing this.

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Pretty sure WWR is producing natural graphite.

$DIDI up 10% premarket just like everyone thought right?

I don't have a lot of time to research it but looks like to delist they have to either buy back the shares, possibly up around IPO price, or they just transfer the shares to the HK exchange. Who knows but I'm still holding lots of $NIO and a chunk of $JD as well so I'm watching closely how this pans out.

There is a possible scenario where the whole 'short China stocks cause they could delist from US markets' narrative backfires and sets off an epic short squeeze like the meme stocks earlier this year. I'm sure that would blow up a firm or two. They can have my NIO shares to cover at $200 if they want... ok enough dreaming for a Friday morning!

Top of the morning to you mate.

Do you have a max loss for the day? A threshold depending on your account size and comfort level where if you hit it you stop trading for the day? Just a thought but I've found that 1) it makes me reconsider my position size so a single trade can't shut down my day, and 2) it's another check for emotional level, keeps me from revenge trading and gives me a reset to check my entry and whether it meets my rules, and 3) this one is stupid but it also forces me to take profits early in the day so I have a "cushion". I tend to trade more comfortable after a win knowing I can stop and it's a successful day, but have some more risk tolerance as well..

I'm a small account as well (very small) so for some personal reference my trades are no more than $400 per position for intraday, or swings (ie single SPY options contracts) and I typically limit the loss to $50 to $70, a $250/week realized gain is a great week fore and I stop trading at $100/loss in a day. At that point I've messed up too many times and need to take a reset or preserve mental capital or actual capital. Hope that helps!

https://www.foxnews.com/politics/white-house-says-domestic-travel-vaccine-requirements-on-the-table-due-to-omicron-variant


If the dumbasses in DC do this airlines will get hit

There are probably a lot more of us in this situation watching this thread than we realize and that's good.

What you are lining out is the discipline that many of the experienced traders here speak about. I've spent all year getting to know my risk levels and finding where I am comfortable trading.

These are good words for inexperienced traders to learn by.

I can't remember who it was but somebody said "live to trade another day." Recognize when you've lost so you can come back the next day. That has really stuck with me.

Welp. Yes and no. It depends on the stock/company itself. If I'm taking a "flyer" on a stock I know very little about (haven't been watching it much over time) and it's a risky bet, I typically limit my loss to $100. If I'm buying a big name stock that I'm comfortable with because I've watched it over time….I'll let it drop as much as $300 before I capitulate and and wait to buy it back under more favorable conditions. I'm trading from a "hobby" account with money I can afford to lose. This means I won't hold a stock that is sideways for weeks (WWR, ELOX, etc)…..there is no fun in that.

Historically non farm payroll days are a catalyst to a big move in treasuries and sentiment... Today may be a bit different...Expectations for today are for a 550,000 number... BB Intelligence is at the higher range of 700,000... The whisper number is on top of the expectation , being at 564,000... But as always the outlier is Covid and the new cases of Omicron in the US... Obviously these numbers will spike, but will we see lockdowns? No... But slowdowns and more work at home? Maybe... So today's numbers are clearly backward looking to what may happen to the US economy... For now we think the economy is strong and will continue...latest Atlanta GDP was at 9.7%... But now we have to deal with year end liquidity and flows... Will too many buyers or sellers try to get through the door at once...?

Overnight there is little to discuss... Equities are mildly positive after a 35 point range in the S+P overnight... Yesterday the equity markets had a good day, after a back and forth week...catalyst yesterday was the news that Novavax was preparing a Omicron focused vaccine... Rates markets overnight were range bound with 10 years between 1.42 and 1.45... No surprises, although this week has seen a strong divergence between US Treasuries and Bunds, with treasuries 8 wider... Clearly the ECB is struggling with the idea of raising rates, while Fed governors have lined up in Hawkish formation... We have not heard any doves in the last two weeks...

Fed...Bullard out today, which is the last scheduled speech before the black out period... Do not be surprised to find another Fed speaker out there today in a unscheduled interview on one of the big 3... But the Fed is clearly anticipating an acceleration of tapering... We still think the report from the KC Fed concerning reduction of balance sheet makes a lot of sense..There were Chinese headlines early this morning about easing , but they did not come with any concrete details...

Ranges and flows...Shorts versus longs is about even, with CTA having plenty of room to initiate shorts in the belly... But maxed out longs in the 30 year... Hence more of a flattening... 5/30s have reached our objective of 56, that trade has now been taken off... But there are those that think the 30 year run is not over, if 1.72 breaks on the close of the week, 1 comes into play... For 10 years today, the resistance is 1.42 with 1.36 next... For 5 years it is not meaningful...our colleague Ian Lyngren pointed out in his survey that the most participants ever think the next 15 basis points in 10 year yields is higher...at 79%, it was the highest number in the 17 years he has been doing this... Meanwhile we read a liquidity report pointing out that the seasonal drain in liquidity is in force...Historical order books depth data showing that OB typically falls by more than 75% across DM 10 year benchmarks.

Corporate bonds came with over 8 billion yesterday lower than recent interest... And wider spreads... But general trading was ok as the equity market was strong...but high grade funds lost 3.86 billion of outflows in the latest week... IG will not meet their expectation of issuance for the week...

It will be a volatile day, regardless of the number... Fears of Omicron are high.. And the Fed is clearly in Hawkish mode.....we should be in high alert volatility mode until 24 hours after the Fed meeting....which lines up with our view that the first two weeks of December are not as good as the last two weeks for risk

I feel really stupid to just learn there is a difference between artificial and natural graphite, and Tesla requires artificial. I mean, that's a huge detail that I missed.

Am I alone here? The 200K reservations does seem substantial.....

I'll repeat it until I'm @Ford blue in the face. RANGE. IT NEEDS MORE RANGE.

Michigan engineers aren't accounting for Texas distances.

340miles DOESN'T cut it.

Gimme 500-600miles. Don't care how. JUST DO IT. https://t.co/TJ7uSMuR6z

— Charles F (@charlesf11) December 3, 2021

Saltyag15 said:

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Anybody else having issues with TOS today? I'm unable to log in. I can get into TD Ameritrade, but not TOS.

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My biggest problem is that TOS keeps letting me make bad trades.

j/k

Mine is up and running OK so far this morning.

BREwmaster said:

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I hear ya, but at the same time the Lightning is a sports truck. It's built for speed, not range. If I ever get good at this and bought one, I'd want 500 horses over 500 miles. although I damn sure wouldn't want electric either, so there's that, lol.

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The old Lightning was sport. The new Lightning is being built for hipster city kids who want to be green and mid-life crisis folks who don't want to touch gas pumps.

Now, they want sport? Make one called Blue Lightning that is inspired by the Tesla Plaid and I'll ignore my range thoughts