Valuable lessons here.FJ43 said:
I feel like I should post this.....
Y'all see me actively trading options. I've learned to be disciplined with my style/system, trade plan and execution but it took lots of red ink years ago to gain that wisdom. Options are NOT for everyone and I do not recommend it unless you apply yourself. While I take a few that are possible home runs the vast majority are high probability for singles, doubles and occasions home runs. I flat love the rush of options trading.
I do not full port options or any trade. I manage risk and work to manage the trade green scaling out. I've learned I don't need the trades full potential just the meat. I set trailing stops when green at certain levels. And above all else get out when your trade plan says to.
SoTXAg09 said:$META add another watch for call entry. Breaks $170 enter Sept 2 $180's.
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 18, 2022
OA talked about buying META Calls, but it looks to be in a Darvas box. Thoughts?
irish pete ag06 said:
Thank you so much for sharing
I said if bright red $SPY don't expect it to come back. If we aren't within the low coiled wedge by the first 30-45minutes then forget all my buy targets and know your macro Model T for determining new entries.
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 19, 2022
Don't fight the tape. Once we broke the pennant downward you go with it hard. We did the same thing the opposite direction from the 2 previous breakout waves upward. Most people close out WAY too soon after a coiling period. Big money doesn't move for dimes. They move for $100's
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 19, 2022
What'd I say. Don't trade just to trade. https://t.co/y9afpAnt0I pic.twitter.com/qZ2VhxptO8
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 18, 2022
FIFY mateFJ43 said:
OA chiming in with nuggets on a Saturdaymorningafternoon.
Is the band getting back together? When the triplets (McInnis clan) is back posting it may be an official tour.
Over here it is called your mo-bile sir$30,000 Millionaire said:59 South said:
Hey 30k, since you're taking some time away... any chance you'd moonlight an hour or 2 as a career counselor compensated in the currency of your choice? Your insight into the corporate world is impressive.
Bro, I'll just give you my cell phone number and we can chat. You're an ag, but I would never charge for that anyway.
59 South said:
I'll piggy back onto FJ's chart as I've been doing some homework today... here's my pathway to sweet victory or defeat (propose the $100 gets paid to charity either way - anybody else want to pick a side and make the same $100 pledge either way???)
Ok, I'm off to finish prepping chicken fajita enchiladas for Mama with the assistance of my multi-accent daughter (time for Spanish practice). You old farts have a good weekend!
$30,000 Millionaire said:
We're going to touch this line this week.
Every trader should watch this. He uses several of the same indicators I've used for years. Some are very technical, and I don't post on them, but they assist me in entry/exit targets.Philip J Fry said:
You're right on track. I'd argue it's already lost support, but I'm looking zoomed in on the daily...59 South said:
One last chart to share - I don't do crypto, but I do monitor it since it has become fairly correlated to other risk assets like tech stocks. Critical spot and a long way down if loses long term support... monthly all time:
FJ43 said:
OA you looking to October puts on any potential push up? I see your 9/2 put trade above. If we bounce and move up I've been looking a bit further out.
I'm in! $100 to charity picked by whoever wins. The education and entertainment value make it a bargain.FJ43 said:59 South said:
I'll piggy back onto FJ's chart as I've been doing some homework today... here's my pathway to sweet victory or defeat (propose the $100 gets paid to charity either way - anybody else want to pick a side and make the same $100 pledge either way???)
Ok, I'm off to finish prepping chicken fajita enchiladas for Mama with the assistance of my multi-accent daughter (time for Spanish practice). You old farts have a good weekend!
Put me down for $100 to charity for the downside. How low don't know. Double top 430 incoming?
oldarmy1 said:FJ43 said:
OA you looking to October puts on any potential push up? I see your 9/2 put trade above. If we bounce and move up I've been looking a bit further out.
You got it. I'll go 2nd week of Oct $410's but I'll also place an array of outs 2 - 4 weeks out $420 down to $415. I like be able to close out the higher ones into the next level, much like Friday.
Traders Poll - What % of your money is IN the markets? Be accurate.
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 20, 2022
Since I can't participate on Twitter, I'm currently at 75% in the market. However my input is meaningless because it I'm in trading positions so it could go to 0% on Wednesday and 100% on Thursday. FTR, I don't count my TTD position that is planted because it's in set it and forget it land.oldarmy1 said:
Interested to knowTraders Poll - What % of your money is IN the markets? Be accurate.
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 20, 2022