Also TSLA has been forming a decent ascending triangle on the hourly chart. I know this one is messy, but see below:
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Bob Knights Paper Hands
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Would anybody look at selling naked SPY $417 calls here?
Lots of stonks at high RSI and ATR.
Careful up here.
I have several VEGA positive and DELTA negative positions on right now looking for a quick test back to 10DMA.
That being said, since I have small positions on those VIX will drop to sub 20 and the market will LOL rip face.
Careful up here.
I have several VEGA positive and DELTA negative positions on right now looking for a quick test back to 10DMA.
That being said, since I have small positions on those VIX will drop to sub 20 and the market will LOL rip face.
I'd probably add to your SQQQ up here (with a stop) and nothing else. Once the kraken emerges it could dump hard and fast.Brian Earl Spilner said:
I mean my target entry ($295) is looking pretty unlikely at this point.
What would you target?
IMO, the entries to long QQQ have already happened; a couple weeks back over 297, then the pullback to the 50 day moving average, then last week over 309, then today over 319. Each entry now becomes increasingly more risky
Yep. I had my target at $290 when it dropped to $294. Probably got too greedy.
It is fascinating to watch how strong the bulls are lately, though. They simply won't allow a sell to happen.
Bob Knights Paper Hands
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I the next hour TSLA has to move up closer to 930 or it'll break that uptrend from last week. If so, watch out below!
FIFY. Only losing a few dollars here and there getting stopped out, but this is quite the irrational market.GreasenUSA said:
It isfascinatingfrustrating to watch how strong the bulls are lately, though. They simply won't allow a sell to happen.
Concerned I missed the boat going long on QQQ and S&P I'm looking at going long ACWX which is a global Ex US fund that's still pretty low compared to the other 2, i assume due to Ukrain and Taiwan. I'm hoping it drops a few bucks though to thr 44 to 45 range. Thats not far off its 42.76 low
Everyone's favorite graphite stock just went over $1.24.
$WWR creeping. $1.24 is a technical signal once broken.
— Freedom Costs More Than Being Concerned... (@oldarmy1) July 29, 2022
Can't believe that guy is still selling WWR
JUST IN: Fed President Mary Daly has said:
— unusual_whales (@unusual_whales) August 3, 2022
I don't feel the pain of inflation anymore. I see prices rising but I have enough... I don't find myself in a space where I have to make tradeoffs because I have enough, and many Americans have enough.
Bob Knights Paper Hands
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What an arrogant assed comment. Especially for someone supposedly making monetary decisions for the American people.
So I sold 200 (out of 300) of my SQQQ shares this morning for a $300 loss, put some of that in TQQQ, and took profits at $100.
Re-bought 150 of SQQQ at a much lower price, but I'm still way down overall. If nothing else, I've at least minimized losses.
Re-bought 150 of SQQQ at a much lower price, but I'm still way down overall. If nothing else, I've at least minimized losses.
I think we are going to sell into the close for profit taking.
You don’t trade for money, you trade for freedom.
Well I just sold some of that CWH I bought off your recommendation.$30,000 Millionaire said:
I think we are going to sell into the close for profit taking.
Well thank God. I'm so relieved she has enough. Everything is fine now.
What was your entry? That was a good trade.barnyard1996 said:Well I just sold some of that CWH I bought off your recommendation.$30,000 Millionaire said:
I think we are going to sell into the close for profit taking.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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I bought a couple TSLA900P that I'm holding overnight if we close below 925. Bulls and bears are really struggling here!
Not these bulls, man. They're high on their own supply.$30,000 Millionaire said:
I think we are going to sell into the close for profit taking.
Bob Knights Paper Hands
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VIX running up and I think SPX will magnet to Monday's closing price. It's been doing that lately.
Though as I type it's trying to run to close. Crazy battle for control on SPX as well.
Though as I type it's trying to run to close. Crazy battle for control on SPX as well.
24
$30,000 Millionaire said:
I think we are going to sell into the close for profit taking.
Strike 2 on a drop
Touche. Last minute there. I'm just going to bow out of the market entirely right now. Down is up and up is down. I can't get a hang of it and each pattern I try to act one fails and it goes the other way. On quite the losing streak.Buck Compton said:Not these bulls, man. They're high on their own supply.$30,000 Millionaire said:
I think we are going to sell into the close for profit taking.
It got me today too. One day I'll be better at risk management, today was not that day.
Ccutamu said:
Everyone's favorite graphite stock just went over $1.24.$WWR creeping. $1.24 is a technical signal once broken.
— Freedom Costs More Than Being Concerned... (@oldarmy1) July 29, 2022
Aaaaaaand WWR ends the day at $1.23.
So close.
Bob Knights Paper Hands
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Don't feel bad. I got abused during the first 90 minutes today. Really sucked. I had a good green day after that catastrophe.
Bob Knights Paper Hands
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You a-holes were saying 
You don’t trade for money, you trade for freedom.
Great job! Congrats. 25%!!!barnyard1996 said:
24
You don’t trade for money, you trade for freedom.
Market closing action is about buying and selling imbalances. Rookie traders shouldn't be trading end of day and I wouldn't trade 0 DTE unless it was a pure lotto. You're competing against funds and market makers at this time. You'll get run over unless you're trading in the direction of the elephant stampede.Buck Compton said:Touche. Last minute there. I'm just going to bow out of the market entirely right now. Down is up and up is down. I can't get a hang of it and each pattern I try to act one fails and it goes the other way. On quite the losing streak.Buck Compton said:Not these bulls, man. They're high on their own supply.$30,000 Millionaire said:
I think we are going to sell into the close for profit taking.
Pay less attention to patterns and more attention to where the market or a given stock is going. At most points in time, a stock is between support and resistance. The real opportunities are when it breaks through one of those or when you're making a zone to zone move. Try trading shares.
Can you post a picture of some things you've tried?
You don’t trade for money, you trade for freedom.
Lake08 said:$30,000 Millionaire said:
I think we are going to sell into the close for profit taking.
Strike 2 on a drop
Paradise Ag said:Ccutamu said:
Everyone's favorite graphite stock just went over $1.24.$WWR creeping. $1.24 is a technical signal once broken.
— Freedom Costs More Than Being Concerned... (@oldarmy1) July 29, 2022
Aaaaaaand WWR ends the day at $1.23.
So close.
Next Thursday at 10am CST they are having an investor conference call. They need to have news on production and sale of refined product.
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