irish pete ag06 said:
I didn't post daily P&L this week. Think I'll just start posting it weekly not to clutter up board.
I'm adding to my rules to only take 1-2 plays per day. This will make me more patient for entry.
So since I'll be taking less trades, I am going to post a daily trade recap with a chart so I can journal what I saw on the chart and maybe get feedback and learn from that.
Hoping I can learn from this with wins and losses.
After having 5 green in a row last week, back to getting my face ripped off. I will learn risk management one day, but that was not this past 5 days.
Also this P&L is a little off. I have a sizable position in September VIX calls that are still open but down.
Although I reckon unrealized losses are the same as real, right 30K?
BaylorSpineGuy said:ProgN said:
Thanks brother, I'm really looking forward to it. It'll be good to clear my mind and I LOVE craps.
One of the premier thinkers of our time. And follow his techniques to crush the tables.
59 South said:irish pete ag06 said:
How much credence do you folks put into these comparisons.The #sp500 of today, vs. 1937, 2000, 2008 pic.twitter.com/d3ZbsrZS8b
— Michael J. Kramer (@MichaelMOTTCM) August 6, 2022
Ignore this noise . Ask him kindly to overlay 1990 or 1962 please? Everyone wants to be a genius hero and none of us are!
post a follow up when you add or get close to adding. I've been eyeing ENVX a long time, just have never gotten around to adding any. I trust HP and Cohodes DD on it as well.59 South said:oldarmy1 said:
I love the sector and have a sizeable stake in WIRE. No denying the technicals are pointing to a bottom having been put in on ENVX, and it just broke out of the first level cup completion around $14.15. $15.20 area is next. Model T full range move is in the $23.37 area and that would be my exit target.
Thanks for the back up! Looks like an easy tradable stock to net free. Looking for a wave down to start entering. Patience and discipline are fundamental things I've learned from you and others over the years
ProgN said:
A close friend has seen me in a rut lately, and she talked me into taking a long weekend. We are leaving for Vegas this Friday morning and we'll get back Monday evening. I'm looking forward to it and getting a break from everything.
Triple_Bagger said:
If this Senate Bill passes, it could be a big tailwind for WWR. The bill requires a certain percentage of battery components originating from North America and disallows batteries with any Chinese components after 2023 to qualify for the tax credit.
https://www.foxbusiness.com/politics/automakers-70-ev-models-dont-qualify-tax-credit-under-senate-bill
Triple_Bagger said:
If this Senate Bill passes, it could be a big tailwind for WWR. The bill requires a certain percentage of battery components originating from North America and disallows batteries with any Chinese components after 2023 to qualify for the tax credit.
https://www.foxbusiness.com/politics/automakers-70-ev-models-dont-qualify-tax-credit-under-senate-bill
Carlo4 said:59 South said:irish pete ag06 said:
How much credence do you folks put into these comparisons.The #sp500 of today, vs. 1937, 2000, 2008 pic.twitter.com/d3ZbsrZS8b
— Michael J. Kramer (@MichaelMOTTCM) August 6, 2022
Ignore this noise . Ask him kindly to overlay 1990 or 1962 please? Everyone wants to be a genius hero and none of us are!
I learned this the hard way summer 2020. Lots of articles and twitter feeds compared 2020 to 1929/1930. Matched to the letter for several months. I exited a few positions way too early, like MARA under $2, thinking the market would nosedive from there.
Completely opposite and missed out in the continued bull market on a few trades that would net big.
Can you please provide the stats? You beat this drum on the first few pages of this thread over 6 years ago. I wonder if you were able to convince anyone here?bmks270 said:
I know this an active trading thread, but the stats on traders are horrible. Just not worth the time for me personally.
GreasenUSA said:Can you please provide the stats? You beat this drum on the first few pages of this thread over 6 years ago. I wonder if you were able to convince anyone here?bmks270 said:
I know this an active trading thread, but the stats on traders are horrible. Just not worth the time for me personally.
According to 30K's message, he was assuming it would be tomorrow.BaylorSpineGuy said:
If you bought GM with Diamond hands in the 1920s, you went bankrupt in the 80s and lost your investment. Not exactly a dump company either.
Good companies die. Have to be dynamic. Some companies are worth holding but Kodak croaked too. And it was a dividend aristocrat!
We doing the ZM thing tonight?
Initial move was a gap up surprisingly, which they sold off immediately. I am with 30k thinking likely false breakout, but no confirmation until below 4100.BaylorSpineGuy said:
Was curious if markets were gonna find our Senate's foolproof Inflation reduction act bullish or bearish? Initial futures move had markets down about 10 pts. Curious how the futures will move throughout the evening/night.
very interesting... looks like it needs to break this downtrend and had a new low the end of June. that's a nice big green candle though on Friday, will be on my watch!Dan Scott said:
A stock to look at going forward is Allbirds (BIRD). Stock closed at $5.27 Friday. It went public at $15 in November. They have earnings tomorrow. Stock has been crushed because they forecasted low 20% revenue growth vs. high 20% for 2Q. International sales went to crap with Russian invasion and China lockdowns. I think they underestimated the spending of middle to high income individuals and will show sizeable beat. Also their shoes launched in Nordstroms in June who themselves raised 2022 guidance beyond expectations during their 1Q call. I recently bought a pair and think they are the most comfortable sneakers I've owned.
I think Allbirds can become the Lululemon of shoes. Risk reward around $5 I think is good.
