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25,054,284 Views | 233821 Replies | Last: 5 hrs ago by Ragoo
$30,000 Millionaire
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AG
Remember when I posted last year that these guys were a bunch of fuc-kers?

https://www.reuters.com/business/finance/ex-jpmorgan-traders-abused-their-positions-prosecutor-says-racketeering-trial-2022-07-28/
You don’t trade for money, you trade for freedom.
BaylorSpineGuy
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$30,000 Millionaire said:

Remember when I posted last year that these guys were a bunch of fuc-kers?

https://www.reuters.com/business/finance/ex-jpmorgan-traders-abused-their-positions-prosecutor-says-racketeering-trial-2022-07-28/


Jay Gould would be proud.
insulator_king
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Convicted of fraud, but not racketeering.
https://www.reuters.com/legal/transactional/two-former-jpmorgan-metals-traders-found-guilty-landmark-spoofing-case-2022-08-10/
Bob Knights Paper Hands
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WWR cost basis of $2.37 in IRA, $3.36 in my trading account. However I had some losses on LEAPs that aren't included there. Let's just go ahead and pop up to $10 again this week and get it over with okay?
spud1910
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$3.59 cost basis on my wwr. Actually a bit less with cc.
Dan Scott
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Saudi Aramco reported 2Q profits of $48B. They expect oil demand to increase through this decade.

Saudi Aramco produces 13MBD, had 2Q profits of $48B.
XOM produced 4MBD, had 2Q profits $18B.

Saudi Aramco market cap $2.5T. XOM market cap $400B. There are other factors but I'd say XOM is undervalued.
irish pete ag06
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AMD had an inside day friday and an inside week as well. Could be a big move soon.
Dan Scott
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Chinese oil imports grew slightly in July vs June which was at 4 year low to around 8.5MBD. Chinese oil demand still about 1.5MBD below 2021.

The 2nd largest oil consumer in the world is using 10% less and oil still $100. The economic numbers out of China tonight sucked. If not for Covid lockdowns in China, oil is $150
irish pete ag06
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FJ43
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Where'd all you traders go? Sleeping in?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Red Pear Luke (BCS)
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AG
FJ43 said:


Where'd all you traders go? Sleeping in?
I bought a few shares of $BBBY on the meme momentum and the relatively positive earnings.

The wife and I just moved back to BCS and we were looking around for curtains and the typical things needed for a house this weekend and Bed Bath N Beyond was a pretty good fix to get things.
cageybee77
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RKLB with an interesting trajectory. Have to watch this one today. Edit: that corny pun was not intended. More coffee - wow, that's messed up.
Charismatic Megafauna
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All the semis have this crazy 9:05 candle that opened down like 2%, bought up like 4%, then closed flat. Amd, mu, wdc...
Spoony Love
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I have SPY sitting right on a SR that was slightly involved last week, at about 424.50. It played as resistance on Thursday then support on Friday. Waiting to see which way it goes at open. If it breaks above the next resistance I have is around 428. Breaks below and the next support is around 421.5. At least that's what I am watching.
Brewmaster
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Red Pear BCS Luke said:

FJ43 said:


Where'd all you traders go? Sleeping in?
I bought a few shares of $BBBY on the meme momentum and the relatively positive earnings.

The wife and I just moved back to BCS and we were looking around for curtains and the typical things needed for a house this weekend and Bed Bath N Beyond was a pretty good fix to get things.
welcome home, we're in Bryan
Brewmaster
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wish I'd held a TSLA 950c, damn what a move at open.
Spoony Love
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This has to be some sort of trap right?

SPY approaching an overbought position again.
$30,000 Millionaire
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Boom. I'm out. Getting my mojo back.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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FJ43 said:


Where'd all you traders go? Sleeping in?


I was focused!
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Spoony Love said:

This has to be some sort of trap right?

SPY approaching an overbought position again.


Well, sort of.

Gap fill was probable and what I did this morning. I think we will dip soon or trade sideways.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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I bought some QDEL. I'm not going to manage the trade for you, but what I am doing:

Buying here, firm stop 83.4. Target to trim $88.
You don’t trade for money, you trade for freedom.
Carlo4
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No recession my fanny.

https://www.marketwatch.com/story/new-york-empire-state-factory-gauge-plunges-in-august-deep-into-contraction-territory-11660566652?mod=home-page
BrokeAssAggie
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BrokeAssAggie said:

$1.60ish will hopefully be the new support. Once the house passes this bill then off to the moon.
support holding up here..
$30,000 Millionaire
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Do you see how it gap filled and is now trading in a range between Friday's high and today's low?

There aren't really high probability trades to take here. If we take out the opening price to the downside, it could get going. I wouldn't be surprised to see a small range day.
You don’t trade for money, you trade for freedom.
Spoony Love
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That's what I was expecting it just happened earlier than I thought. first hour in and gap filled. Ok.

I'm looking forward to the sideways trading, yay.
$30,000 Millionaire
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For the market to keep going up without consolidating, it needs ever greater power. Friday was low volume. There are a lot of single prints below us. When this corrects / dips / pulls back, whatever you want to call it, it will be swift and not pretty. Like -4% day.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Spoony Love said:

That's what I was expecting it just happened earlier than I thought. first hour in and gap filled. Ok.

I'm looking forward to the sideways trading, yay.
Credit to John Carter for this - gap fill trades tend to happen early in the day.
You don’t trade for money, you trade for freedom.
Brewmaster
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COIN getting bought like crazy
YNWA_AG
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SF2004
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$30,000 Millionaire said:

For the market to keep going up without consolidating, it needs ever greater power. Friday was low volume. There are a lot of single prints below us. When this corrects / dips / pulls back, whatever you want to call it, it will be swift and not pretty. Like -4% day.
I agree with your assessment but unsure how to position for it?


SF2004
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When does current days theta start to kick in? Like, what time of day?

If a position has a theta of 100 then you should be gaining 100 dollars each day with all else being equal.

When does that happen?
Dan Scott
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OXY is acting stronger than I thought despite oil getting crushed.
bmoochie
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WWR up almost 12% on the day and not a peep. This board used to go nuts on a $.04 move haha
Ragoo
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Selling Tesla call spread
$860/930. Collect $40 risk $30.
Plan is to buy back the short side under the $40 collected and then let the long side ride net free.

This is based on the current Fib levels, upper band of the daily bollinger, and expecting the 930 to be resistance and see a pull back toward the 860 support which is also the lower band for f the daily bollinger.
Ags2013
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bmoochie said:

WWR up almost 12% on the day and not a peep. This board used to go nuts on a $.04 move haha
Don't scare it...
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