They hammered XLE with deep in the money calls end of day, which is nice for many here.
Stock Markets
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Last: 3 min ago by Brian Earl Spilner
ProgN said:Yep, started in '95. Experienced the dot com bubble and implosion. You could have named your company "Company is a fraud and will never make money", but if you added ".com" to it then it'd spike 3 fold or more when you went public.irish pete ag06 said:
Anyone on here trade through 2008?
One thing I have done is my research. The dotcom implosion was actually the beginning of a 10 year bear cycle ending in the Great Recession. Once you see that those 10 years were a 3 wave correction of a very long term bull cycle, and then the steep trajectory ever since is because we're in the final stage of the long term bull cycle, you start to realize where we are today.
So I've been trying to trade based on key levels using call and put triggers and support and resistance as targets.
It's non-biased trading. Seems like in a bear market, lots of $ to be made unbiased using options to the downside.
It's non-biased trading. Seems like in a bear market, lots of $ to be made unbiased using options to the downside.
I see lots of talk about extreme bearishness. In 2009 SPX traded at 666 and DJX lost about half its value from the peak at the time, 14K. I remember thinking "wow 14 thousand" before it happened.
A bull cycle ending does not mean that a major bear of all bear cycles is what's next. It is quite possible that we are in a lower market position than now a year from today, but we may also generally tend to trade sideways for a couple of years. There will be opportunities but it will not be as easy as having a downward bias. Shorting is harder because equity markets are designed to always go up.
Keep in mind that strong individual stocks will always out perform, regardless of market conditions.
In 2008, Walmart, Family Dollar, and Amgen were all positive and up on the year.
A bull cycle ending does not mean that a major bear of all bear cycles is what's next. It is quite possible that we are in a lower market position than now a year from today, but we may also generally tend to trade sideways for a couple of years. There will be opportunities but it will not be as easy as having a downward bias. Shorting is harder because equity markets are designed to always go up.
Keep in mind that strong individual stocks will always out perform, regardless of market conditions.
In 2008, Walmart, Family Dollar, and Amgen were all positive and up on the year.
You guys all know the buy and sell signals by now, and you definitely know that the point isn't to bottom or top tick
1) buy at -3 ATR (especially on the weekly) when a reversal begins to take effect. Set your stop at loss of the low. This is how you manage risk. Sell or trail stop at +3
2) cash is a position. Position size effectively. For trading stock, use a 10% stop loss. For long term holds, you decide
3) buy stocks in an uptrend. Sell stocks in a down trend. There's no need to be contrarian. Go with the flow
4) volume volume volume. It's always a bull market somewhere
1) buy at -3 ATR (especially on the weekly) when a reversal begins to take effect. Set your stop at loss of the low. This is how you manage risk. Sell or trail stop at +3
2) cash is a position. Position size effectively. For trading stock, use a 10% stop loss. For long term holds, you decide
3) buy stocks in an uptrend. Sell stocks in a down trend. There's no need to be contrarian. Go with the flow
4) volume volume volume. It's always a bull market somewhere
Amazon, Apple, Google, Facebook, and Microsoft are not going out of business.
Neither are Berkshire, Walmart, Target, Verizon, Amgen, JP Morgan, Southwest Airlines, and Disney
Dopamine always has a market. The future is AI, robotics, and rare earth metals. Banking and financial services will always survive.
Neither are Berkshire, Walmart, Target, Verizon, Amgen, JP Morgan, Southwest Airlines, and Disney
Dopamine always has a market. The future is AI, robotics, and rare earth metals. Banking and financial services will always survive.
$30,000 Millionaire said:
You guys all know the buy and sell signals by now, and you definitely know that the point isn't to bottom or top tick
1) buy at -3 ATR (especially on the weekly) when a reversal begins to take effect. Set your stop at loss of the low. This is how you manage risk. Sell or trail stop at +3
2) cash is a position. Position size effectively. For trading stock, use a 10% stop loss. For long term holds, you decide
3) buy stocks in an uptrend. Sell stocks in a down trend. There's no need to be contrarian. Go with the flow
4) volume volume volume. It's always a bull market somewhere
Depending on the size of the investment, it could take real balls to set a stop-loss at 10%.....but I think that's the right number based on my limited experience. It wouldn't mean anything coming from me, but leaving your money in a stock that's trading sideways or worse for months at a time is not good.....cash would be better - especially in this market.
money will be rotating back into banks bigly in the next couple weeks (with 3 rate hikes coming next year).$30,000 Millionaire said:
Amazon, Apple, Google, Facebook, and Microsoft are not going out of business.
Neither are Berkshire, Walmart, Target, Verizon, Amgen, JP Morgan, Southwest Airlines, and Disney
Dopamine always has a market. The future is AI, robotics, and rare earth metals. Banking and financial services will always survive.
sage advice as always 30k! enjoy your weekend
cageybee77 said:$30,000 Millionaire said:
You guys all know the buy and sell signals by now, and you definitely know that the point isn't to bottom or top tick
1) buy at -3 ATR (especially on the weekly) when a reversal begins to take effect. Set your stop at loss of the low. This is how you manage risk. Sell or trail stop at +3
2) cash is a position. Position size effectively. For trading stock, use a 10% stop loss. For long term holds, you decide
3) buy stocks in an uptrend. Sell stocks in a down trend. There's no need to be contrarian. Go with the flow
4) volume volume volume. It's always a bull market somewhere
Depending on the size of the investment, it could take real balls to set a stop-loss at 10%.....but I think that's the right number based on my limited experience. It wouldn't mean anything coming from me, but leaving your money in a stock that's trading sideways or worse for months at a time is not good.....cash would be better - especially in this market.
A 10% position with a 10% stop loss is 1%
Looks like WIX finally has found a bottom. Down more than 50% from earlier year highs and looks like making higher highs and higher lows now on decent volume.
Could consider going long here.
Could consider going long here.
especially if volatility sticks around a while. These violent swings are great for scalping. On Friday I watched VIX and QQQ simultaneously and went 2 for 3 on scalps. 3rd time I should've played a put seeing the rounding formation it was making, but live and learn (tight stop, small loss). Still did 18% positive avg on the 3.irish pete ag06 said:
So I've been trying to trade based on key levels using call and put triggers and support and resistance as targets.
It's non-biased trading. Seems like in a bear market, lots of $ to be made unbiased using options to the downside.
Is there a way to filter out stocks that are -3 ATR on different charts?$30,000 Millionaire said:
You guys all know the buy and sell signals by now, and you definitely know that the point isn't to bottom or top tick
1) buy at -3 ATR (especially on the weekly) when a reversal begins to take effect. Set your stop at loss of the low. This is how you manage risk. Sell or trail stop at +3
2) cash is a position. Position size effectively. For trading stock, use a 10% stop loss. For long term holds, you decide
3) buy stocks in an uptrend. Sell stocks in a down trend. There's no need to be contrarian. Go with the flow
4) volume volume volume. It's always a bull market somewhere
Maybe I am a dum dum but I haven't been able to figure out how to find these with out looking at all the individual charts themselves.
SF2004 said:Is there a way to filter out stocks that are -3 ATR on different charts?$30,000 Millionaire said:
You guys all know the buy and sell signals by now, and you definitely know that the point isn't to bottom or top tick
1) buy at -3 ATR (especially on the weekly) when a reversal begins to take effect. Set your stop at loss of the low. This is how you manage risk. Sell or trail stop at +3
2) cash is a position. Position size effectively. For trading stock, use a 10% stop loss. For long term holds, you decide
3) buy stocks in an uptrend. Sell stocks in a down trend. There's no need to be contrarian. Go with the flow
4) volume volume volume. It's always a bull market somewhere
Maybe I am a dum dum but I haven't been able to figure out how to find these with out looking at all the individual charts themselves.
You'd probably have to write a thinkscript or something similar. And I'm a Neanderthal at that stuff.
I have shared a -3 ATR script in this thread.
I'm only on mobile for the next 5 days or i'd share it again. I'll see if I can dig it up
I'm only on mobile for the next 5 days or i'd share it again. I'll see if I can dig it up
I THINK this is it. I can't be sure from phone
http://tos.mx/4MfE3Pb
I think this limits to stocks above the 200day ema
http://tos.mx/4MfE3Pb
I think this limits to stocks above the 200day ema
I will post it tonight or tomorrow (the one McInnis made).
There's got to be a developer here that would make scans and indicators on TOS.
There's got to be a developer here that would make scans and indicators on TOS.
FUBO could be fun Monday with Disney channels now of of YouTubeTV
Thanks. I still can't get it to open.McInnis 03 said:
I THINK this is it. I can't be sure from phone
http://tos.mx/4MfE3Pb
I think this limits to stocks above the 200day ema
Made the mistake of looking at my 401k performance. Holy correction Batman. CPOAX is on its way to undo all my 2020 gains.
Anyone looking at UPST? Just filled a gap from a while back on the daily and a big upside gap lingering…not sure what cause the huge beat down though?
Also, I like UBER and MSFT short term calls if it shows continuation tomorrow off the engulfing and hammer technical respectively
Morning gang, have y'all seen the Christmas commercial? If not, press play.
Solid commercial
AMC may continue tearing tomorrow with the massive Spider-Man opening.
ProgN said:
Morning gang, have y'all seen the Christmas commercial? If not, press play.
Mrs FJ and I both completely teared up.
Can't imagine life without my better half.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
ProgN said:
Morning gang, have y'all seen the Christmas commercial? If not, press play.
Casually sitting in my living room crying.
Watched it. Didn't cry. Glad they stopped the shoot before the car stalled on the railroad tracks and got train exploded with the dog stuck in the back seat.ProgN said:
Morning gang, have y'all seen the Christmas commercial? If not, press play.
At least 1 of the 3 of you cried.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Yowza, /UB (bond) open, rally city
It was a nice attempt, not a fan of chevy or American motor companies so it distracted from the video
Futures came out strong then reversed hard.
They're showing video of old cars cause no new cars chips shortages and all.
Serious conversation: Is Biden gonna kill the market on Tuesday? Talk of death and despair?
The fact they are announcing this talk 3-4 days in advance suggests it's gonna be a major talk. What is gonna happen? Need to watch option flow for SPY Monday? Hoping for a relief bounce tomorrow so I can sell some of the calls on swinging, then prepare for carnage.
The fact they are announcing this talk 3-4 days in advance suggests it's gonna be a major talk. What is gonna happen? Need to watch option flow for SPY Monday? Hoping for a relief bounce tomorrow so I can sell some of the calls on swinging, then prepare for carnage.
The market will assume the worst, overreact, and then probably rally. It might get ugly tomorrow, but unless you're on margin, then you should just weather the storm. Even if he mumbles about locking down the US, he can't force states to comply. Florida will be the first to tell him to ****off and other red states will right after that.BaylorSpineGuy said:
Serious conversation: Is Biden gonna kill the market on Tuesday? Talk of death and despair?
The fact they are announcing this talk 3-4 days in advance suggests it's gonna be a major talk. What is gonna happen? Need to watch option flow for SPY Monday? Hoping for a relief bounce tomorrow so I can sell some of the calls on swinging, then prepare for carnage.
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