https://www.foxbusiness.com/energy/energy-expert-warns-tight-global-oil-market-getting-worse
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FJ43 said:FJ43 said:
What's happening Gents! Reading the thread each night but haven't posted much. Miss y'all and playing in the sandbox with ya. Trading each week but hard to post so don't want anyone to risk not being able to manage the trades if I did.
Doing my nightly chart check ups and scans.
Trend lines and SRs have been drawn for a while. Interesting ping pong. Added a few arrows for y'all to keep an eye on.
We are still bear flagging and in a downtrend so be careful getting giddy to the upside until it confirms. Traders market IMO.
So what did y'all do? Level to level. Now……
Chances are you can trade that. Just me but I would make sure I exit green (if it was me I'd be playing the open) or set a stop at the very least. 391-393 and change will tell me more. 393ish more so. That blue downtrend line is an important TA level IMO.XCharismatic Megafauna said:FJ43 said:FJ43 said:
What's happening Gents! Reading the thread each night but haven't posted much. Miss y'all and playing in the sandbox with ya. Trading each week but hard to post so don't want anyone to risk not being able to manage the trades if I did.
Doing my nightly chart check ups and scans.
Trend lines and SRs have been drawn for a while. Interesting ping pong. Added a few arrows for y'all to keep an eye on.
We are still bear flagging and in a downtrend so be careful getting giddy to the upside until it confirms. Traders market IMO.
So what did y'all do? Level to level. Now……
So you're saying the 391 calls i bought in the dip before close may not have been a high probability move?
$30,000 Millionaire said:You don't understand stock markets, do you?Lake08 said:
Glad the green wave this week. What makes me just shake my head is there is zero reason for this. Pure gambling and manipulation.
I think you'll find there a number on here who understand the markets. Some currently do or have made their living and careers in it. Others are solid traders with decades of experience.Lake08 said:$30,000 Millionaire said:You don't understand stock markets, do you?Lake08 said:
Glad the green wave this week. What makes me just shake my head is there is zero reason for this. Pure gambling and manipulation.
Nope and neither do any of us on this board. You guys obviously know what you're looking at, but just like every here, have no clue on direction. That's not an insult, just fact. I've gotten rediculously lucky on this casino, but admit and understand the small guys (us) have no real idea what is going on
FJ43 said:I think you'll find there a number on here who understand the markets. Some currently do or have made their living and careers in it. Others are solid traders with decades of experience.Lake08 said:$30,000 Millionaire said:You don't understand stock markets, do you?Lake08 said:
Glad the green wave this week. What makes me just shake my head is there is zero reason for this. Pure gambling and manipulation.
Nope and neither do any of us on this board. You guys obviously know what you're looking at, but just like every here, have no clue on direction. That's not an insult, just fact. I've gotten rediculously lucky on this casino, but admit and understand the small guys (us) have no real idea what is going on
The one you responded to happens to be one of those.
Pro traders aren't any better at "predicting" where the market will go than a hobby trader, and its not the job. The difference is all in execution: Finding lvls, protecting profits once available, stopping out & adjusting when wrong, and consistant loss size control. Focus there
— Adam Mancini (@AdamMancini4) June 12, 2022
I'm just a redneck trader and trade what's in front of me using TA combined with a little homework. Don't pay attention to my trading for sure.gig em 02 said:FJ43 said:I think you'll find there a number on here who understand the markets. Some currently do or have made their living and careers in it. Others are solid traders with decades of experience.Lake08 said:$30,000 Millionaire said:You don't understand stock markets, do you?Lake08 said:
Glad the green wave this week. What makes me just shake my head is there is zero reason for this. Pure gambling and manipulation.
Nope and neither do any of us on this board. You guys obviously know what you're looking at, but just like every here, have no clue on direction. That's not an insult, just fact. I've gotten rediculously lucky on this casino, but admit and understand the small guys (us) have no real idea what is going on
The one you responded to happens to be one of those.
To be fair, there are some days where all the experience in the world combined can't explain the market. Today, and this whole week really, wasn't one of them.
Trading 101. Solid advice. Page 1 of this forum starts with this is a trading thread and where we share trading strategies and market chatter.Charismatic Megafauna said:
I love Mancini's pinned tweet:Pro traders aren't any better at "predicting" where the market will go than a hobby trader, and its not the job. The difference is all in execution: Finding lvls, protecting profits once available, stopping out & adjusting when wrong, and consistant loss size control. Focus there
— Adam Mancini (@AdamMancini4) June 12, 2022
Jamie Dimon has alluded to the same so I believe your friend. This is a traders market.BaylorSpineGuy said:
I think 30K and others have a good pulse for the market. The one foot out the door philosophy is good, especially as we approach resistance.
I heard through a birdie (friend of my best friend) who is an investment banker at a major American bank (this guy apparently underwrites loans for inedtments, etc.), and he is quite concerned about the future.
He said that come October-November time, he says most people won't believe how bad it will get. I believe the term he used was "brutal" as it relates to the markets. Was more or less predicting a 3 yr worldwide recession.
We may still be early and no one knows the distant future, but this guy (and I've met him he's sharp) does not feel we have bottomed, so enter cautiously.
Yes, but maintaining discipline is paramount. The larger your account grows then then the size of your positions increase as well. Overconfidence because your last 7 trades were winners will lead to blowing up your account when swinging large blocks or gambling heavy on risky options. It's a must to stick to the rules you've established for yourself through your journey. Most rules are created from mistakes, ignoring those rules will more than likely end in disaster.FrioAg 00 said:
Just curious for the pro traders (or semi-pros):
Do you feel confident your success would scale proportionately if you were playing with capital 10X bigger? 100X?
I'm not asking what "moves the market", more would you be just as comfortable with the same strategy if the stakes were much, much higher?
This depends on the trader, it is much easier trading a large account. But if you aren't consistently profitable on a smaller account, you won't be on a larger one. Scaling up also increases all sorts of mental challenges as well.FrioAg 00 said:
Just curious for the pro traders (or semi-pros):
Do you feel confident your success would scale proportionately if you were playing with capital 10X bigger? 100X?
I'm not asking what "moves the market", more would you be just as comfortable with the same strategy if the stakes were much, much higher?
need to go to La JollaBaylorSpineGuy said:
Hope you guys have a great Friday and Monday! Am taking the kids and wife to a long weekend in San Diego.
Gonna go to the zoo, Coronado, among a few other places. My partner said to eat at Hash House A Go Go, so those are on the check off list.
BaylorSpineGuy said:
I think 30K and others have a good pulse for the market. The one foot out the door philosophy is good, especially as we approach resistance.
I heard through a birdie (friend of my best friend) who is an investment banker at a major American bank (this guy apparently underwrites loans for inedtments, etc.), and he is quite concerned about the future.
He said that come October-November time, he says most people won't believe how bad it will get. I believe the term he used was "brutal" as it relates to the markets. Was more or less predicting a 3 yr worldwide recession.
We may still be early and no one knows the distant future, but this guy (and I've met him he's sharp) does not feel we have bottomed, so enter cautiously.
Me being only the 2nd star for this post is a good indicator of the humour status of this thread. Maybe my sense is just different - or maybe most of you clowns are just uptight!Farmer @ Johnsongrass, TX said:
LOL!
https://www.foxbusiness.com/energy/energy-expert-warns-tight-global-oil-market-getting-worse
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BOFA BULL & BEAR INDICATOR REMAINS AT "EXTREME BEARISH" TERRITORY FOR FOURTH CONSECUTIVE WEEK
— *Walter Bloomberg (@DeItaone) July 8, 2022
BOND MARKET GAUGE OF U.S. TREASURY VOLATILITY ABOVE 150 FOR ONLY 11TH TIME IN PAST 35 YEARS, LEVELS COINCIDING WITH RECESSIONS/DEFAULT - BOFA https://t.co/6ZNev7No0T