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Stock Markets
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Last: 6 hrs ago by El Chupacabra
Bob Knights Paper Hands
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$30,000 Millionaire said:
Just be careful with fomo.
Excellent advice!
SPY is safer. What I am going to do going forward is trade SPY on the non expiration days and trade XSP on the 0 DTE expiration trade days (Monday, Wednesday, Friday).frankm01 said:
Thanks for the work you're doing on this 50k account. Very educational for me.
Today was the first time l ever traded XSP. Did 3 trades and was green on all three but I was amazed how the bid/ask prices were fluctuating wildly.
Why I like XSP is it's an index option and it's LT gains on a portion because it can cash assign.
You don’t trade for money, you trade for freedom.
I'm doing a terrible job of tracking this. Someone should make a spreadsheet.
You don’t trade for money, you trade for freedom.
is the goal typically to hold XSP option til close/ expire?$30,000 Millionaire said:SPY is safer. What I am going to do going forward is trade SPY on the non expiration days and trade XSP on the 0 DTE expiration trade days (Monday, Wednesday, Friday).frankm01 said:
Thanks for the work you're doing on this 50k account. Very educational for me.
Today was the first time l ever traded XSP. Did 3 trades and was green on all three but I was amazed how the bid/ask prices were fluctuating wildly.
Why I like XSP is it's an index option and it's LT gains on a portion because it can cash assign.
The last time the Nasdaq Composite was down more than 3% but closed up by more than 3% was November 13, 2008 - Dow Jones Market Data
— Steve Burns (@SJosephBurns) February 25, 2022
ideally, yes, but I book gains quickly for you guys.
You don’t trade for money, you trade for freedom.
I haven't done historicals, but this is what we currently have.
You don’t trade for money, you trade for freedom.
Interesting. On mobile so can't see much but looks like back then it kept going down for a couple months after that date, then ripped til Covid for the most part
Uranium Stocks Surge After Swedish Utility Giant Suspends Deliveries Of Russian Uranium And Nuclear Fuel https://t.co/QTahZMZxNM
— zerohedge (@zerohedge) February 25, 2022
Do you guys know what suspension of creations means when it comes to ETFs?
https://www.yahoo.com/now/direxion-suspends-creations-rusl-232400567.html#:~:text=As%20a%20result%2C%20the%20Direxion,discounts%20and%20bid%2Dask%20spreads.
I would think the RUSL, RSX are no-brainer shorts but not sure what this means nor if there will be people crazy enough to buy the dip at historic lows.
https://www.yahoo.com/now/direxion-suspends-creations-rusl-232400567.html#:~:text=As%20a%20result%2C%20the%20Direxion,discounts%20and%20bid%2Dask%20spreads.
I would think the RUSL, RSX are no-brainer shorts but not sure what this means nor if there will be people crazy enough to buy the dip at historic lows.
OK - I'm f'ing proud of this. It is really nerve racking to publicly make trades for you guys and know that people are taking them. Obviously you're responsible for your own stuff. But, we did this in the face of big volatility!
I assumed max gain for premium that's currently open. I also capped the current price where we have a short option and price is above it. Only one bad trade in my opinion - SHOP. Please let me know if I made any mistakes on this. It's late in the day, and I rarely do spreadsheets anymore.
I assumed max gain for premium that's currently open. I also capped the current price where we have a short option and price is above it. Only one bad trade in my opinion - SHOP. Please let me know if I made any mistakes on this. It's late in the day, and I rarely do spreadsheets anymore.
You don’t trade for money, you trade for freedom.
Wow, If money, stocks, work or any other trivial **** is affecting your mood, then read the POTD today and it puts everything into perspective. Having a son of similar age, it hit me hard. If you pray, please add Caleb to your prayers.
that's a 75% win ratio, by the way.
You don’t trade for money, you trade for freedom.
Yikes, so not 1 but 2 data points of dumps.SoupNazi2001 said:wanderer said:The last time the Nasdaq Composite was down more than 3% but closed up by more than 3% was November 13, 2008 - Dow Jones Market Data
— Steve Burns (@SJosephBurns) February 25, 2022
Also happened in April of 2000 at the start of that bear market.
looks like in 2008 it was still another 10% down from the 13th of November. (I could be a little off, was looking at the Q's).
That's very impressive considering you started at the beginning of the year and in a correction.$30,000 Millionaire said:
that's a 75% win ratio, by the way.
thank you sir. Hoping for some traction soon. Honestly, I need some of these to get assigned or move.
You don’t trade for money, you trade for freedom.
I wish I could read it. Dang premium.
TecRecAg said:
I wish I could read it. Dang premium.
This is a direct quote.Quote:
Although I've been on texags for a long time I'm more of a lurker and rarely post. I normally don't ever share personal stuff on the internet but I believe in the power of prayer and could really use a bunch right now.
We are currently at the hospital in Dallas and an MRI today revealed my 7 year old son, Caleb, has a brain tumor that has spread to his spinal cord. He has surgery scheduled for tomorrow (Thurs) around noon currently. From there they will figure out what we're dealing with and a plan to fight this thing.
Life is so unfair sometimes. Last week he was playing sports and doing his Jiu jitsu and out of nowhere this. He's the sweetest little boy who loves school, space, sport, and the Aggies. All I want is to be able to take him to his first game at Kyle next fall.
Please pray for him and the doctors and nurses tomorrow. His Aggie mom and I would appreciate it more than you know.
**11:51am Thurs update. They just took Caleb back for surgery to remove the tumor. I love my Aggie family so much. Thank y'all from the bottom of my heart for you thoughts and prayers**
**2:30pm Thurs update. Surgery was successful and the doctor believes he was able to get all of the tumor out of Caleb's brain. We still have a long road ahead but step 1 is done. Todays prayers were answered, thank you Lord!**
Thank you!
Longest day of those poor parents lives. I'm glad the surgery was successful.
You don’t trade for money, you trade for freedom.
Agreed, I don't want to even imagine it.
BREwmaster said:Yikes, so not 1 but 2 data points of dumps.SoupNazi2001 said:wanderer said:The last time the Nasdaq Composite was down more than 3% but closed up by more than 3% was November 13, 2008 - Dow Jones Market Data
— Steve Burns (@SJosephBurns) February 25, 2022
Also happened in April of 2000 at the start of that bear market.
looks like in 2008 it was still another 10% down from the 13th of November. (I could be a little off, was looking at the Q's).
Closed that day at 1597 and stayed in a range until finding the bottom on March 9, 2009 at 1268.
So basically had 20% more downside after that day.
I'm going to bet that 2008 is not statistically significant to our current situation.
The downside is not over guys. We just went back into the 4200/4500 range.
You don’t trade for money, you trade for freedom.
We have a lot of crap to chew through before we can say the downside is over.
As long as NATO (us) don't get involved and Putin doesn't attack a NATO member, then the worst is past us. The wildcard, and it's a big one, is China and Taiwan. We need that one to calm down or this morning's low could be a fond memory.GreasenUSA said:
We have a lot of crap to chew through before we can say the downside is over.
Kiev under heavy attack right now. If civilian body count is high, things could get dicey.
My little 16 month old boy is named Caleb…so yeah I'm on the floor shaking and crying. Will be praying extra hard tonight for that little boy…
About right.
I spend my day locked in a room negotiating and OA jumps in with detailed plays and strategies.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Thanks for posting that Prog. This is about the only board I check at the moment and seeing that broke my heart as a father but also glad to see the updates from him.
Prayers will be lifted for Caleb and his family.
Prayers will be lifted for Caleb and his family.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Bob Knights Paper Hands
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A Friday opening hour plunge below 4200 to hit the model T of today's up move and then a push to close above 4300 makes a lot of sense to me. Either way I just want a good trend day to play long or short instead of big chop. It'll be interesting to watch.
Congrats bro! Solid work and trade management.$30,000 Millionaire said:
that's a 75% win ratio, by the way.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Praying for Caleb, his family and his medical team.
Please keep us updated.
Please keep us updated.
Bob Knights Paper Hands
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I talked with a friend that works for a brokerage firm this afternoon. He said they were overloaded with clients calling all morning to dump their stock holdings. Smart money got the liquidity it wanted.
I'm gonna have some whiskey, watch Boiler Room, and think of SAVA.
I'm gonna have some whiskey, watch Boiler Room, and think of SAVA.