Official bear market now..

S&P 500 DOWN MORE THAN 20% FROM JAN. 4 INTRADAY RECORD HIGH OF 4,818.62

— *Walter Bloomberg (@DeItaone) May 20, 2022

SPY $350 lets get it over with already.

Well now I'm getting interested again….
Another fifty to go…
Standing by for a Friday flush….

sts7049 said:

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have you looked at the rest of the market?

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But Tesla specifically, today. Most of these things below should be priced in already.

Is it the $250K payoff for "sexual harassment"
Is it China? Sold 98% less in China because their extreme lockdowns.
Is it Chip shortage?
Is it the biggest bull on Tesla downgraded to $1,000 target from $1,400?

Is it political based on Musk's attacks on twitter & progressives? Most likely yes.

Confession time: it's because I decided to make TSLA calls my Friday lotto play. See those green candles right before 9:30? I thought we were on our way to reclaiming 690 so I chose to front-run a trade instead of waiting for confirmation, and you can see what happened after that. I wish I had enough money in my account to make it up to you.

sts7049 said:

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explain how you think this is a specific cause when SPX is down about 100 points today. about the only thing green is VIX

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Well TSLA sell off would also bring the market down. So explain how TSLA going down isn't bringing everything else down.

It is all speculation. Since the TSLA stock price is directly tied to Musk's ability to purchase TWTR it very well could be institutional financial warfare. Absent another economic factor related to the business that is the most rational explanation. Again maybe the street knows something else.

Also further proof of economic war being played is how TSLA was removed from ESG list while EXXON is in the top 10.

7 down weeks in a row. I believe 8 is the record.

$30,000 Millionaire said:

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7 down weeks in a row. I believe 8 is the record.

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Joe likes setting records

38% gainer on those JPM puts.

I debated on posting this one of course haha. Like I said. Full disclosure. Now like I also said this is plankton sized so I'm not gaining or losing life changing $ here (thankfully).

5 steps forward 10 steps back.

Had puts that would have went 1000% but I got stopped out. Flipped to calls. Averaged down. Real job pulled me away suddenly. Came back down pretty bad. Should have cut but didn't. Averaged down. Ended up cutting for a huge loss. Basically broke about 50% of my rules on position size and averaging down. This was QQQ 0DTE.

Dumbest **** I've done in a long time.

Anyways, I'm not out. I will keep trading. And once again this is why I keep my trading account plankton sized.

Careful, AAPL is showing 0 strength. Want to see 135 before maybe think reversal.

aggiedaniel06 said:

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aggiedaniel06 said:

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We have been building something really cool and will share it with y'all pretty soon.

The last few years has shown that an increasing amount of retail prefer to self manage their portfolios as opposed to handing it over to a professional money manager. (Blame the easy monetary policy ) However, they use mostly TA or some Fundamental Analysis as their guide.

So, we have built this platform that gives you access to various tools regarding moneyflows, sector rotation, volatility metrics & options positioning, that would typically only be available to an institution, which would help you generate alpha. Along with these tools, the vision is to provide a guided process by on how to use them to generate alpha and self manage your portfolio as a professional money manager would.

Let me know if anyone is interested.

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We are almost ready to unveil this service and are planning to demo it on Sunday, May 22 at 2pm CST.

So far I have 4 folks who responded to my post and stated that they are interested, but there were a lot more that have starred it. If you would like to attend the demo, you'll have to DM me as each user will receive a unique invitation link.

Once again, it is discord based and you can download the free app on your PC or mobile.

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Hello, I have sent an invite out to everyone that reached out to me. In case I missed someone or if anyone else is interested, please DM me, and I'll get you one.

irish pete ag06 said:

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I debated on posting this one of course haha. Like I said. Full disclosure. Now like I also said this is plankton sized so I'm not gaining or losing life changing $ here (thankfully).

5 steps forward 10 steps back.

Had puts that would have went 1000% but I got stopped out. Flipped to calls. Averaged down. Real job pulled me away suddenly. Came back down pretty bad. Should have cut but didn't. Averaged down. Ended up cutting for a huge loss. Basically broke about 50% of my rules on position size and averaging down. This was QQQ 0DTE.

Dumbest **** I've done in a long time.

Anyways, I'm not out. I will keep trading. And once again this is why I keep my trading account plankton sized.

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Here's an exercise I've found to be helpful. Go back and look at the same strike but instead of a 5/20 expiration, look at 5/25 (if it's an index) or 5/27 and you'll see that it would have cost you more money to buy, but likely resulted in a smaller loss still plus been more stable.

I've learned that playing the 0dte you're just begging to be burned and going out a week sets you up much better for success. If you're going to play the 0dte you need to be willing to cut very fast. I normally set a stop using 1 or 2 five minute candles back, otherwise they turn against you insanely fast.

I've been 5 steps forward and 10 back as well but the key is to make less stupid trades day to day and you'll improve. You got this.

Bear markets are a great opportunity for young investors to buy cheap stocks and watch them become even cheaper.

— Douglas A. Boneparth (@dougboneparth) May 20, 2022