That was bool sheet
Trading this market is definitely like trying to squeeze blood from a turnip. Much better opportunities with the more participants a bull market brings. I completely agree this market sucks. Don't let Dan hear us say that, though!Irish 2.0 said:Oh, I'm still trading this market. There are still many tradable ranges out there. I just feel a little dirty making decent change on the short side. Kind of a crisis of conscience for me to make money off of people that try to do this and don't know any better. I much prefer trading upside markets.Ag CPA said:Put your mad money in a HYSA and go enjoy life; too many crazy things going on to trade this market right now. We will get a "tradable bottom" at some point, but we need to get more clarity from the Fed and Ukraine first.Irish 2.0 said:
I'm done for the week. This market sucks. Y'all have a good one and stay out of trouble.
Quote:
but we need to get more clarity from the Fed and Ukraine first.
Nice work, I'd have been so much better off if I had traded less this week. I even had days where I traded really well, and then gave it all back. Worst week of 2022 for me. I need to scale way back until we've left this chop.Ragoo said:
Had a good week. Closed 0 trades for a loss. Traded very light and that helps my success. A blend of select long options and equity purchases. Follow on equity purchase that is down on paper but equity gives me time.
the fear in me says we descend to 4000 or a little lower next week. The other side says this was just algos selling / pricing in an interest rate hike and we rally next week.FTAG 2000 said:
Wild guess - big money knows at some point this weekend NATO will be getting involved in Ukraine.
FTAG 2000 said:
Wild guess - big money knows at some point this weekend NATO will be getting involved in Ukraine.
It is always OK to admit you're wrong.Spoony Love said:That's a big man right there.$30,000 Millionaire said:
you were right.
to be healthy we need 380 spy and 265 qqq, IMO. We were that far extended following the Covid run up.BREwmaster said:the fear in me says we descend to 4000 or a little lower next week. The other side says this was just algos selling / pricing in an interest rate hike and we rally next week.FTAG 2000 said:
Wild guess - big money knows at some point this weekend NATO will be getting involved in Ukraine.
And I have no idea where we're headed!
$30,000 Millionaire said:
It's possible we get more selling next week. It's also possible this is a bear trap.
I'm expecting fireworks for OPEX. Which direction.. IDK. Neither side has been able to wrangle control.$30,000 Millionaire said:
It's possible we get more selling next week. It's also possible this is a bear trap.
Good point. Thanks for the slap across the face. LOL.Irish 2.0 said:FTAG 2000 said:
Wild guess - big money knows at some point this weekend NATO will be getting involved in Ukraine.
NATO isn't starting WWIII without a direct attack on a NATO country
There was no volume today on the macro market. I wouldn't read too far into today's action. We're still just range bound until Putin gets taken out.FTAG 2000 said:Good point. Thanks for the slap across the face. LOL.Irish 2.0 said:FTAG 2000 said:
Wild guess - big money knows at some point this weekend NATO will be getting involved in Ukraine.
NATO isn't starting WWIII without a direct attack on a NATO country
Probably more likely that people are taking risk off going into the weekend.
What does 380 correlate to? an older trend line? I see 3900 as a solid one and then 3700 (roughly pre-covid trend/ support line and was tested and held twice after covid).before we went in lift off mode.Ragoo said:to be healthy we need 380 spy and 265 qqq, IMO. We were that far extended following the Covid run up.BREwmaster said:the fear in me says we descend to 4000 or a little lower next week. The other side says this was just algos selling / pricing in an interest rate hike and we rally next week.FTAG 2000 said:
Wild guess - big money knows at some point this weekend NATO will be getting involved in Ukraine.
And I have no idea where we're headed!
380/390 (maybe 400) is where I put the market at with normalized growth pre printing fueled run up.BREwmaster said:What does 380 correlate to? an older trend line? I see 3900 as a solid one and then 3700 (roughly pre-covid trend/ support line and was tested and held twice after covid).before we went in lift off mode.Ragoo said:to be healthy we need 380 spy and 265 qqq, IMO. We were that far extended following the Covid run up.BREwmaster said:the fear in me says we descend to 4000 or a little lower next week. The other side says this was just algos selling / pricing in an interest rate hike and we rally next week.FTAG 2000 said:
Wild guess - big money knows at some point this weekend NATO will be getting involved in Ukraine.
And I have no idea where we're headed!
or is this like a 350 ema that neurosurgeons use? lol (just messing with BSG)
yes, I post all exits.Jet Black said:
Still holding SPCE and AAL?
$30,000 Millionaire said:yes, I post all exits.Jet Black said:
Still holding SPCE and AAL?
I know some of you all are uber bearish, but we truthfully have no idea what's going to happen.
- AAL was $16 a week ago
- SPCE we're down like $60 and we bought the stock down 88% from the highs. That's what you're supposed to do, right?
sts7049 said:
it will be interesting to see
when you stop posting
Ragoo said:
Are you okay?
BrokeAssAggie said:
So I just ran into Matt Stafford in Highland Park village