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25,046,107 Views | 233821 Replies | Last: 1 hr ago by Ragoo
irish pete ag06
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AG
Market reacting like it was vague. Indecision so far.
Spoony Love
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Got a decent scalp on the way down but am losing the scalp on the way up. Time to cut soon.
Golf1
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AG
Spy going to keep dropping today or should we see somewhat of a recovery?
$30,000 Millionaire
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I am going to reduce exposure and get out of Ampy. Setup is valid but capital preservation is number one.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Out for 0.11 per share.
You don’t trade for money, you trade for freedom.
Triple_Bagger
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Lake08 said:

Dow +800 tomorrow
.....
Spoony Love
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Spoony Love said:

The leash is off and SPY to 420 is coming back
Dude you were wrong in such a short time.
$30,000 Millionaire
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$30,000 Millionaire said:

$30,000 Millionaire said:

Taking some easy money on ostk.


27.95. Easiest 2% ever.


Right decision. Whew.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Triple_Bagger said:

Lake08 said:

Dow +800 tomorrow
.....


Still possible but why risk capital with a volatility event that can't be predicted?
You don’t trade for money, you trade for freedom.
Triple_Bagger
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irish pete ag06 said:

I'm not a macro expert, but that was a pretty hawkish speech from Powell.

but also extremely vague
Agree 100%. That was much more hawkish than last months speech. Odds are favoring a 75bps hike in September after the speech.
Spoony Love
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I think we are going back to the 408-414 box. Speech seemed vague, no slow down in rate increases. Other Fed directors will have to come out and contradict that to see a recovery. We've known for awhile this rally was going to be short lived. We may be seeing that right now.
$30,000 Millionaire
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AG
LABU / XBI are at demand.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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$30,000 Millionaire said:

I am going to reduce exposure and get out of Ampy. Setup is valid but capital preservation is number one.


I think correct decision part 2
You don’t trade for money, you trade for freedom.
irish pete ag06
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4125 on SPX/ES is huge support.
$30,000 Millionaire
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Selling like this is algorithmic


You don’t trade for money, you trade for freedom.
Triple_Bagger
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-900 is more likely. Everyone who thought the Fed was done with rate hikes and would reverse soon are exiting their positions. Powell confirmed more rate hikes are coming and they plan to hold them there for a while.
$30,000 Millionaire
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Triple_Bagger said:

-900 is more likely. Everyone who thought the Fed was done with rate hikes and would reverse soon are exiting their positions. Powell confirmed more rate hikes are coming and they plan to hold them there for a while.


This area, right here, 4120-4130 is key support and a pivot. I'm obviously not entering yet
You don’t trade for money, you trade for freedom.
Golf1
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Well happy Friday ladies and gents. Made a good amount on the bounce. Lost an even better amount on the way down. Time to call it a day and refocus on next week.
$30,000 Millionaire
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Golf1 said:

Well happy Friday ladies and gents. Made a good amount on the bounce. Lost an even better amount on the way down. Time to call it a day and refocus on next week.


Sorry man. I've only closed trades so far.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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I think this support could break. We aren't powering out of it.

At this point, I'd look for a false breakdown for a retracement or loss of 4120
You don’t trade for money, you trade for freedom.
Spoony Love
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Someone is trying not to lose it though, it keeps bouncing the 4130
Ragoo
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Spoony Love said:

Someone is trying not to lose it though, it keeps bouncing the 4130
because the f we get through 4112 good bye
$30,000 Millionaire
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$30,000 Millionaire said:

I think this support could break. We aren't powering out of it.

At this point, I'd look for a false breakdown for a retracement or loss of 4120



Ok, here we go. Watch for fake breakdown here
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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We like to say rule 1 is risk management. I think rule 0 would be knowing when to stay away.
You don’t trade for money, you trade for freedom.
UpstateAg
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Back after a couple years. 30k taking winners often and cutting losses inspired me to be disciplined. Paper traded, now only doing shares instead of options. Swung AMPY for a decent day. I'm out.
irish pete ag06
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You're a smart dude!
0708aggie
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Bought 30 8/26 TSLA lottos right at close for 1.20. Sold on the run up at 3.
irish pete ag06
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Mancini thinks the loss of 4120 would set off a likely 100 point sell.
Spoony Love
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Nice day for me and I'm out.

Scalped the following 0dte on Spy:

Won 407P early with the initial drop for 40%
Lost 429C when I didn't cut it, and it's worthless now. Easier to let it expire now
Won 408P a little later when it started falling. Should have held a runner but I'm busy the rest of the day and may not be able to watch.
irish pete ag06
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Just got my bid filled on a LABU $10 leap
Chef Elko
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Well boys, last couple months have been fun. I'm going down with this ship back to $365 haha
$30,000 Millionaire
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Second h right now. Market typically only does 3 at the most
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Scalping long here. Be careful. Premiums very high
You don’t trade for money, you trade for freedom.
BaylorSpineGuy
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Nothing like being stuck in surgery during the biggest move in the last 3 months. Oh well. Guess I'll wait for the next one lol.

Happy trading fellas!
$30,000 Millionaire
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Made a bit. Going to leave well enough alone.
You don’t trade for money, you trade for freedom.
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