Don't be fooled. We had to rally. We were really oversold. I'm not doing anything until Powell talks.
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.
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.
$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
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
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
hedge said:
Somebody made a Virgin sacrifice for us.
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
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.
BenRev09 said:
Welfare check on anyone holding PETZ, wow
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.
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.
$30,000 Millionaire said:
I'm still holding that shop lotto. It was $9.50 at close.