Don't be fooled. We had to rally. We were really oversold. I'm not doing anything until Powell talks.
Stock Markets
24,691,980 Views |
233387 Replies |
Last: 3 hrs ago by Ranger222
When does he speak?
BlueTaze said:ProgN said:
Jamie Dimon sees the best economic growth in decades
https://www.cnbc.com/2022/01/10/jamie-dimon-sees-the-best-economic-growth-in-decades-more-than-4-fed-rate-hikes-this-year.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboardQuote:
Sees more than 4 rate hikes this year.
A couple weeks after the S&P bottomed in March 2020, Dimon wrote a letter saying a bad recession was on the way, and that his BOD may have to suspend dividend under extremely adverse conditions.
So maybe back then that was in anticipation of a huge fed pump and stock market rally, and today he is anticipating aggressive fed taper and a stock market crash. Or he was just wrong.
I think it's actually more sinister. I think GS and JPM want a tech crash to get more reasonable valuations for their clients. There is no yield to be had at 35x to 50x PE ratios in tech.
9 central
what do you have to say now McInnis?McInnis 03 said:Juicy gap play.$30,000 Millionaire said:
I think R/G is a real possibility here.
Stupid trading rules.... bought a weekly SPY 365 call when SPX hit 4585(Mancini level) and sold when target hit because i couldnt monitor and took my 35% gains that are now 305%
Just kidding feels good to have the win and end green for the day
Just kidding feels good to have the win and end green for the day
greener days ahead! (maybe)
$QQQ daily 👇 Confirmation is key pic.twitter.com/1702JBdVEe
— HiddenPivots (@HiddenPivots) January 10, 2022
I want to repeat this, especially the highlight. We closed at 4660. I want to change the 4700 to be 4680. I am willing to risk long at 4680 with confirmation at 4705. 10 point stop on that, I think.$30,000 Millionaire said:BrokeAssAggie said:
If futures go green tonight y'all think we have a Green Day tomorrow?
On /ES: over 4705 to be bullish, target 4740, then 4780. Under 4660 bearish, target 4620, then 4560. No trades between 4660 and47004680
Tomorrow, I am not planning to trade during the IB period. Sorry for the McInnisesque language.
trailing stops, yo.cptthunder said:
Stupid trading rules.... bought a weekly SPY 365 call when SPX hit 4585(Mancini level) and sold when target hit because i couldnt monitor and took my 35% gains that are now 305%
Just kidding feels good to have the win and end green for the day
For every 1 trade that does that... 99 others go from 35% to 0%cptthunder said:
Stupid trading rules.... bought a weekly SPY 365 call when SPX hit 4585(Mancini level) and sold when target hit because i couldnt monitor and took my 35% gains that are now 305%
Just kidding feels good to have the win and end green for the day
Great trade!
What would you set for trailing stops on the options? What's a good number, or percent?$30,000 Millionaire said:trailing stops, yo.cptthunder said:
Stupid trading rules.... bought a weekly SPY 365 call when SPX hit 4585(Mancini level) and sold when target hit because i couldnt monitor and took my 35% gains that are now 305%
Just kidding feels good to have the win and end green for the day
I've adjusted to using those more in December and into January, they seem to get hit quickly (and almost invariably, before it continues a run up).
What the hell did ya'll do to the market.
Away all afternoon thinking I am going to have a really red day and it turns out $9 in the green?
Who feed the Gremlins after midnight?
Away all afternoon thinking I am going to have a really red day and it turns out $9 in the green?
Who feed the Gremlins after midnight?
Any thoughts on LCID? Had an inside day today, and there was a lot of volume on the 1/14/22 $43 & $45 calls. This is what I'm looking at in terms of entry points. I think I remember Irish Pete posting some inside bar trades before.
Somebody made a Virgin sacrifice for us.
hedge said:
Somebody made a Virgin sacrifice for us.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,939
How long do you want to ignore this user?
Bob Knights Liver said:Bob Knights Liver said:
I just bought some VIX $19P weeklies for $0.10. If we bounce here these could pay nicely. Obviously lotto level risk.
I just broke a rule and bought more for $0.06
Average cost of $0.07 and sold half for $0.25. The runners were worth $0.44 at close. A gap up tomorrow and they'll print money. I say I wish I'd bought more but it was such BS that no I don't.
I did a little of this today as well but not near those results.
I think if you get a gap down in VIX you could play this one opposite of today. There is plenty of volatility to come
I think if you get a gap down in VIX you could play this one opposite of today. There is plenty of volatility to come
Love watching y'all degenerates trade/scalp VIX.
Brings a tear to me eye.
Brings a tear to me eye.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Fortune cookie from take out Chinese on the road.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I will take the headache!
Patience pays off 😂📈 pic.twitter.com/cu7aMTqRAG
— WOLF 🐺 (@WOLF_Financial) January 10, 2022
$30,000 Millionaire said:what do you have to say now McInnis?McInnis 03 said:Juicy gap play.$30,000 Millionaire said:
I think R/G is a real possibility here.
Welfare check on anyone holding PETZ, wow
BenRev09 said:
Welfare check on anyone holding PETZ, wow
Dafuq is PETZ?
Of course it was for that. In what universe did you think it was okay to post a naked man spreading open his butt cheeks on our platform?
-Moderator
-Moderator
One I'm glad I got out of, and actually made a few bucks on. It was another touted in this thread for awhile. Can't recall who brought it up first.
Another Chinese company that was best to stay away from.
Don't know how I was able to sell it for $8/share in November
Don't know how I was able to sell it for $8/share in November
OA back on 7/9/21 (Twitter)
My biggest win of the last 6 months which probably tells you all you need to know about my trading
I'm not confident that the downside pressure is over so use caution and alert. I'll take my profits on my trades if they have a nice run at the open. This is a trading market right now IMO, don't get greedy.
PETZ
I didn't play this one but looked at y'all comments. If OA called this one out on 7/9/21 on Twitter (blue vertical line), and you entered between 2.15-2.50 there was so many opportunities to manage the trade.
Anywhere from $3.40-9.00+
Sheesh I'll take that every single day.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
ProgN said:
I'm not confident that the downside pressure is over so use caution and alert. I'll take my profits on my trades if they have a nice run at the open. This is a trading market right now IMO, don't get greedy.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
ProgN said:
I'm not confident that the downside pressure is over so use caution and alert. I'll take my profits on my trades if they have a nice run at the open. This is a trading market right now IMO, don't get greedy.
100%. This is a market to short rallies until proven otherwise.
I'm still holding that shop lotto. It was $9.50 at close.
$30,000 Millionaire said:
I'm still holding that shop lotto. It was $9.50 at close.
You have to watch theta on this. I want to see how SHOP opens, but I will definitely move stops to at least entry if it's got some upward motion.
Featured Stories
See All
SEC Round-Up: Dawgs facing possible playoff elimination this week
by Olin Buchanan
33:59
2h ago
530
Pick 'Em & Rip 'Em sponsored by PrizePicks: Week 12
by Matthew Dawson
14:58
2h ago
554
Assessing Earley's first signing class at the helm of Texas A&M baseball
by Ryan Brauninger
Tom Kazansky 2012
Number of football tickets A&M provided to t.u.
in Billy Liucci's TexAgs Premium
68