Hope y'all been killing it.

Too easy. Same chart as been posting.

Quote:

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"Size down, and if your sitting on a good gain this week or are a newer trader, there is no better day to take off."

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Mancini isn't just good for levels, I saw this in yesterday's letter too late. I'm a newer trader and was sitting on SPY call gains on the week. Should have got flat ahead of Powell. Lesson learned.

At least a couple of low ball leap orders filled today.

I'm trying to understand what OA is seeing here with $GOLD. Is a TA/chart thing or more of a economic outlook with gold? It is down ~5% today

$GOLD LEAPS entry zone. I like the $20-$22 LEAPS

— Freedom Costs More Than Being Concerned... (@oldarmy1) August 25, 2022

Watch 407.60s possibility

AMZN squarely in the gap now. Premiums are juiced, but that 127p looks tasty (ironically where I got called out on my CC's a few weeks ago after earnings).

NVDA setup for inverse W.
Likely drops to 154 in next 2 weeks if not sooner.

He's still on twitter.

Based on the AAPL Daily or Weekly chart, from beginning of the year.
Would the next bottom be around 125 range?
Seems it hit a slightly declining triple head at
182 179 and 176

wanderer said:

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I'm trying to understand what OA is seeing here with $GOLD. Is a TA/chart thing or more of a economic outlook with gold? It is down ~5% today

$GOLD LEAPS entry zone. I like the $20-$22 LEAPS

— Freedom Costs More Than Being Concerned... (@oldarmy1) August 25, 2022

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"If you like X at price Y, you should like X more at price (Y-5%)" maybe?

Yah maybe, but he posted this yesterday when the stock was ~6% higher than what it is now. Certainty not trying to call him out, just trying to understand what he was seeing.

No bulls today, just down legs.

How bout that there oil. WTI seemed to find a bottom and the strip is damn near even today. I thought it was manipulated down from highs with the SPR releases in order to say inflation went down. Now that those will end this fall, I think E&Ps with a high oil cut will shine.

The past two months the market roared back while WTI sank. Doesn't pass the smell test. Why would a commodity that tracks GDP so closely not rise along with it?

O&G and NIO are the only green items for me today haha

SPY needs to bounce or hold here.

$408 lotto's anyone? Under $0.50 nabbed a few

FJ43 said:

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SPY needs to bounce or hold here.

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And further down we go.

Edit: Showing some life. Hoping OA1 calls hit, although I didn't get any regardless.

I trimmed some of my crwd sept2 200 calls yesterday, just bought some sept9 197.5s

oldarmy1 said:

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wanderer said:

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Yah maybe, but he posted this yesterday when the stock was ~6% higher than what it is now. Certainty not trying to call him out, just trying to understand what he was seeing.

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THEY ARE LEAPS - NOT A DAY TRADE

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Nibbling away today on Jan 24' 22c

Come on VIX! Let's rip !!!

oldarmy1 said:

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$408 lotto's anyone? Under $0.50 nabbed a few

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$0.40 to $0.59 for selling 50%. Stop loss is now break even. But I feel the greed

oldarmy1 said:

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oldarmy1 said:

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$408 lotto's anyone? Under $0.50 nabbed a few

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$0.40 to $0.59 for selling 50%. Stop loss is now break even. But I feel the greed

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Come on OA…go big on these

oldarmy1 said:

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I had 30.....They could have had my $1200 but no more. Trade ended up making a couple of tanks of gas.

See if this double bottom results in a further spike.

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Given the price of gas we have to be better traders these days.

oldarmy1 said:

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I had 30.....They could have had my $1200 but no more. Trade ended up making a couple of tanks of gas.

See if this double bottom results in a further spike.

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15 minute channel is downward

TheCellarDoor said:

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They're not letting Amazon get into the gap. Feels like an inflection point again. Thoughts on a strangle?

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AMZN getting into the gap now

Closing update: 1 directional downside since losing 4180 sell trigger, arriving at 4075 support into close. Final spot here for #ES_F to base out before collapse towards 4k. Newsletter out Sunday talking targets, triggers & what today means big picture https://t.co/zS20saSuDi

— Adam Mancini (@AdamMancini4) August 26, 2022

oldarmy1 said:

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I had 30.....They could have had my $1200 but no more. Trade ended up making a couple of tanks of gas.

See if this double bottom results in a further spike.

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Only had a few since I didn't see it in time, but still 34%.

Just checked in. Should have held both my put wins today. Would have ben 8x. Dang.

Spoony Love said:

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Just checked in. Should have held both my put wins today. Would have ben 8x. Dang.

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I had a couple 415p I bought at .83.

Closed them out when the spike happened right after 9am for a small gain.

They're $8.55 now.

oldarmy1 said:

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wanderer said:

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Yah maybe, but he posted this yesterday when the stock was ~6% higher than what it is now. Certainty not trying to call him out, just trying to understand what he was seeing.

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THEY ARE LEAPS - NOT A DAY TRADE

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we might get all the way to 4k today!

Did not think TQQQ would hit my 30.05 limit today.

Does it get there?

Triple_Bagger said:

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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.

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$30,000 Millionaire said:

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We like to say rule 1 is risk management. I think rule 0 would be knowing when to stay away.

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Repeating for all.