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Irish 2.0
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2:36p, 1/13/22
ABSOLUTELY DO NOT BUY ANY GAP UP IN THE MORNING!!!
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
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Triple_Bagger
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In reply to Irish 2.0 • 2:39p, 1/13/22
Irish 2.0 said:
ABSOLUTELY DO NOT BUY ANY GAP UP IN THE MORNING!!!
What about gap downs? That's what I'm expecting going into the holiday weekend with a hawkish fed and OPEX week ahead. Bought a lotto amount of SPXU calls just in case.
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aggiedaniel06
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In reply to Charismatic Megafauna • 2:42p, 1/13/22
AG
Charismatic Megafauna said:
I'm only down 83% on HMBL
Sometimes i think that's worse than 100% because those eventually go away


Nice humble brag?
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Irish 2.0
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In reply to Triple_Bagger • 2:43p, 1/13/22
Triple_Bagger said:
Irish 2.0 said:
ABSOLUTELY DO NOT BUY ANY GAP UP IN THE MORNING!!!
What about gap downs? That's what I'm expecting going into the holiday weekend with a hawkish fed and OPEX week ahead. Bought a lotto amount of SPXU calls just in case.
I don't play gaps. I wait on technical analysis. But typically, gaps go opposite of the way they gapped PM
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
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BaylorSpineGuy
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2:44p, 1/13/22
Looks like we are likely gonna close on the 50 EMA on SPY. My guess is we lose it and test the 100 way down around 456.

If that fails, we may close some of those gaps in the 430s and 440s. Next week could be a bloodbath.
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McInnis 03
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In reply to aggiedaniel06 • 2:45p, 1/13/22
AG
aggiedaniel06 said:
Charismatic Megafauna said:
I'm only down 83% on HMBL
Sometimes i think that's worse than 100% because those eventually go away


Nice humble brag?
Dude, nice to see you. Any morsels for us?
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Charismatic Megafauna
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In reply to aggiedaniel06 • 2:46p, 1/13/22
AG
aggiedaniel06 said:
Charismatic Megafauna said:
I'm only down 83% on HMBL
Sometimes i think that's worse than 100% because those eventually go away


Nice humble brag?

Daniel! We've missed you!
Uh... are you doing by to tell us that volmageddon is almost here?
Everybody loves a dirt road
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cptthunder
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In reply to McInnis 03 • 2:48p, 1/13/22
McInnis 03 said:
aggiedaniel06 said:
Charismatic Megafauna said:
I'm only down 83% on HMBL
Sometimes i think that's worse than 100% because those eventually go away


Nice humble brag?
Dude, nice to see you. Any morsels for us?
I was going to say
EVERYONE SHUTUP and LISTEN...........
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Triple_Bagger
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In reply to Triple_Bagger • 2:50p, 1/13/22
Triple_Bagger said:
Irish 2.0 said:
ABSOLUTELY DO NOT BUY ANY GAP UP IN THE MORNING!!!
What about gap downs? That's what I'm expecting going into the holiday weekend with a hawkish fed and OPEX week ahead. Bought a lotto amount of SPXU calls just in case.
Up 50% on these on 20 minutes. Sold half
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Spoony Love
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In reply to BaylorSpineGuy • 3:04p, 1/13/22
AG
If that happens, we would be setup for some nice gains from the bottom. Tread lightly folks.
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BaylorSpineGuy
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In reply to Spoony Love • 3:14p, 1/13/22
You guys have taught me valuable lessons. I'm not going for homers anymore. I closed many trades today for 30-50% gainers. Had a couple losses but tried to cut quick.

I left a couple lotto runners for NVDA 260P for tomorrow and snagged a couple 215P on COST. Charts look bearish for me with engulfing bearish candles.

Also bought some SPY 464P for 1/18 expiry. Sold one for 35% gain. Will leave 2 runners. Gonna try to grow this portfolio. I was surprisingly green today given how bloody things were today.
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McInnis 03
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In reply to BaylorSpineGuy • 3:21p, 1/13/22
AG
BaylorSpineGuy said:
You guys have taught me valuable lessons. I'm not going for homers anymore. I closed many trades today for 30-50% gainers. Had a couple losses but tried to cut quick.

I left a couple lotto runners for NVDA 260P for tomorrow and snagged a couple 215P on COST. Charts look bearish for me with engulfing bearish candles.

Also bought some SPY 464P for 1/18 expiry. Sold one for 35% gain. Will leave 2 runners. Gonna try to grow this portfolio. I was surprisingly green today given how bloody things were today.
When traders come to grip with the fact that those "Grandiose dreams of 5x-6x +" trades are just dreams (they happen, but IT'S NOT THE NORM. It's just not)....and they start scraping 10%, 15% trades as quick as they earn them. That is part of the path....

The other part is to recognize that when it has moved against you (AND IT HAPPENS FAST. Stairs up, elevators down) cut it faster than Marine's hair entering bootcamp.

I see so many futures traders talk about their MAE on trades. 0 MAE means perfect execution. Efficiency DEFINED. Until you can execute 0 MAE on occasion you have to learn to cut.

Cutting is where I still struggle.
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BaylorSpineGuy
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In reply to McInnis 03 • 3:40p, 1/13/22
This.

Chris Davis hit a bunch of home runs a couple years but also has a bunch of strike out records. He ain't going to the hall of fame.

Mike Young is tho. Dude hit for excellent average and hit a few dingers every now and then.
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azul_rain
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3:47p, 1/13/22
Bull**** day, **** this market
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wanderer
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In reply to BaylorSpineGuy • 3:49p, 1/13/22
Mike Young aint making it into the HOF....and I'm a big Rangers fan
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BaylorSpineGuy
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In reply to wanderer • 4:17p, 1/13/22
Doesn't he have 3,000 hits? I thought he hit that mark in the last year or so of his career.

Nevermind. 2375 career hits. .2999999 career average.
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$30,000 Millionaire
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4:53p, 1/13/22
AG
$NVDA - gap below at $240.

This 265 level HAS to hold. Targets above 270 then 284. If 265 gives up, 256 then 240.

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Diggity
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In reply to BaylorSpineGuy • 5:03p, 1/13/22
AG
so close
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E
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In reply to $30,000 Millionaire • 5:05p, 1/13/22
AG
If NVDA gets to $240, im putting my life savings on it
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$30,000 Millionaire
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In reply to azul_rain • 5:09p, 1/13/22
AG
hedge said:
Bull**** day, **** this market
not trying to be a jerk. Why were you trying to go long?

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planoaggie123
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In reply to E • 5:10p, 1/13/22
AG
Getting cash ready for that....
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$30,000 Millionaire
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In reply to E • 5:13p, 1/13/22
AG
E said:
If NVDA gets to $240, im putting my life savings on it
I think that's smart in current market conditions. If the S&P goes down by 20%, NVDA will touch the high 100s.
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azul_rain
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In reply to $30,000 Millionaire • 5:13p, 1/13/22
I don't trade options, I'm long on all my positions.
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$30,000 Millionaire
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In reply to McInnis 03 • 5:20p, 1/13/22
AG
McInnis 03 said:
BaylorSpineGuy said:
You guys have taught me valuable lessons. I'm not going for homers anymore. I closed many trades today for 30-50% gainers. Had a couple losses but tried to cut quick.

I left a couple lotto runners for NVDA 260P for tomorrow and snagged a couple 215P on COST. Charts look bearish for me with engulfing bearish candles.

Also bought some SPY 464P for 1/18 expiry. Sold one for 35% gain. Will leave 2 runners. Gonna try to grow this portfolio. I was surprisingly green today given how bloody things were today.
When traders come to grip with the fact that those "Grandiose dreams of 5x-6x +" trades are just dreams (they happen, but IT'S NOT THE NORM. It's just not)....and they start scraping 10%, 15% trades as quick as they earn them. That is part of the path....

The other part is to recognize that when it has moved against you (AND IT HAPPENS FAST. Stairs up, elevators down) cut it faster than Marine's hair entering bootcamp.

I see so many futures traders talk about their MAE on trades. 0 MAE means perfect execution. Efficiency DEFINED. Until you can execute 0 MAE on occasion you have to learn to cut.

Cutting is where I still struggle.
Have fixed rules. 5 points on /ES, 20 points on /NQ (MNQ better. less stressful). My trading got a lot better when I did the following:

  • buy at support + sell at resistance
  • If I wanted to enter a trade, decide where I wanted to put my stops, and then put my entry order there instead. You'd be amazed how often you can get filled. If you miss it, you miss it
  • Stop fighting the market. No need to bottom tick or top tick
  • Traded smaller with larger or no stops. For example, I don't care if 5 SPY contracts go to zero.
  • Scale out and don't let a green trade turn red. If you're in a trade and it goes up 20%, take some profit, set your stop to B/E, and let it work
  • The most important: FULLY ACCEPT THE RISK. This is the only path to remove emotion
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$30,000 Millionaire
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In reply to azul_rain • 5:22p, 1/13/22
AG
hedge said:
I don't trade options, I'm long on all my positions.
you could have been cash, and honestly you might want to be. The market plunged through solid QQQ support at 382 today.

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agdaddy04
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In reply to $30,000 Millionaire • 5:25p, 1/13/22
AG
Just curious, but in a situation like this do you have any long shares or have you moved away from that completely?
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azul_rain
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In reply to $30,000 Millionaire • 5:25p, 1/13/22
I have a good amount on the sidelines right now, gonna see what happens then jump in
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Agsquatch
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In reply to $30,000 Millionaire • 5:36p, 1/13/22
AG
$30,000 Millionaire said:
McInnis 03 said:
BaylorSpineGuy said:
You guys have taught me valuable lessons. I'm not going for homers anymore. I closed many trades today for 30-50% gainers. Had a couple losses but tried to cut quick.

I left a couple lotto runners for NVDA 260P for tomorrow and snagged a couple 215P on COST. Charts look bearish for me with engulfing bearish candles.

Also bought some SPY 464P for 1/18 expiry. Sold one for 35% gain. Will leave 2 runners. Gonna try to grow this portfolio. I was surprisingly green today given how bloody things were today.
When traders come to grip with the fact that those "Grandiose dreams of 5x-6x +" trades are just dreams (they happen, but IT'S NOT THE NORM. It's just not)....and they start scraping 10%, 15% trades as quick as they earn them. That is part of the path....

The other part is to recognize that when it has moved against you (AND IT HAPPENS FAST. Stairs up, elevators down) cut it faster than Marine's hair entering bootcamp.

I see so many futures traders talk about their MAE on trades. 0 MAE means perfect execution. Efficiency DEFINED. Until you can execute 0 MAE on occasion you have to learn to cut.

Cutting is where I still struggle.
Have fixed rules. 5 points on /ES, 20 points on /NQ (MNQ better. less stressful). My trading got a lot better when I did the following:

  • buy at support + sell at resistance
  • If I wanted to enter a trade, decide where I wanted to put my stops, and then put my entry order there instead. You'd be amazed how often you can get filled. If you miss it, you miss it
  • Stop fighting the market. No need to bottom tick or top tick
  • Traded smaller with larger or no stops. For example, I don't care if 5 SPY contracts go to zero.
  • Scale out and don't let a green trade turn red. If you're in a trade and it goes up 20%, take some profit, set your stop to B/E, and let it work
  • The most important: FULLY ACCEPT THE RISK. This is the only path to remove emotion
wish i would have read this yesterday.
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Agsquatch
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5:42p, 1/13/22
AG


it's all just numbers on a screen right guys
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$30,000 Millionaire
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In reply to agdaddy04 • 5:44p, 1/13/22
AG
agdaddy04 said:
Just curious, but in a situation like this do you have any long shares or have you moved away from that completely?
of course. I have a long portfolio that I routinely buy and accumulate long term holds.
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$30,000 Millionaire
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5:46p, 1/13/22
AG
I hadn't looked at $ASAN in a while. wow. Same with $BIGC
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azul_rain
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In reply to Agsquatch • 5:47p, 1/13/22
TQQQ is my rocket once we drop
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BaylorSpineGuy
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In reply to $30,000 Millionaire • 5:55p, 1/13/22
Look at AFRM. It was a darling all fall 2021, now it's fallen from 171 to 72. That's a free fall.

SQ also tumbling down the hill.
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Brian Earl Spilner
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In reply to E • 5:59p, 1/13/22
AG
E said:
If NVDA gets to $240, im putting my life savings on it


I feel the same about ROKU and 150.
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$30,000 Millionaire
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In reply to azul_rain • 6:10p, 1/13/22
AG
hedge said:
TQQQ is my rocket once we drop
15200 area.
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