I think it's also a case of him having such poor understanding of what he did that is not as bad as he thinks. He probably sold 410p or something and got assigned and has 100shr spy on margin and a margin call of 41000. Not unfathomable that he could have had 50k in margin
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Charismatic Megafauna
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AG
If I were home skillet, I'd know my basis would be 412 on spy, which it will hit this week I think.
Friday 409 calls are $3. I'd be selling those against the full set of shares Monday morning
Friday 409 calls are $3. I'd be selling those against the full set of shares Monday morning
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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Who all is here right now? Any objection to using Google meet for a s**t talking session? I ain't got s**t else to do since I'm on low activity from getting my nuts cut yesterday
Charismatic Megafauna
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*wealth preservation strategy
I think there are worse spots to own SPY than 412 by the way.
You don’t trade for money, you trade for freedom.
i agree, i think that's fake.
Charismatic Megafauna
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If it is fake the "i thought the market would turn around when Cramer talked" is a pretty funny touch
Does anyone follow VERU? Biopharm company that is supposedly close to approval of sabizabulin, an antiCOVID product. Has had some pretty dramatic ups and downs since April when good results were reported. Currently looks to be at Model T.
This is a troll account, look at the rest of his posts on Reddit.Jet Black said:irish pete ag06 said:Major L pic.twitter.com/0HPtObq8IW
— Inverse Cramer ETF (Not Jim Cramer) (@CramerTracker) August 27, 2022
Yikes
Makes sense.
Ag CPA said:This is a troll account, look at the rest of his posts on Reddit.Jet Black said:irish pete ag06 said:Major L pic.twitter.com/0HPtObq8IW
— Inverse Cramer ETF (Not Jim Cramer) (@CramerTracker) August 27, 2022
Yikes
Ah
3 years ago for me. Big mistake doing this in August instead of waiting 1-2 weeks so you could spend Friday watching movies, Saturday watching college football.Charismatic Megafauna said:
Who all is here right now? Any objection to using Google meet for a s**t talking session? I ain't got s**t else to do since I'm on low activity from getting my nuts cut yesterday
Charismatic Megafauna
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Yeah I'm getting the post op instructions and the dude's like "don't get any sweat on the incision" and I'm like "it's August"
$SPY We have room down until we reach the golden zone Fibonacci
— Trading Warz (@TradingWarz) August 28, 2022
Good chance algos will try to defend there
We are currently trading the 0.618 short with the goal to break 362 and make new lows pic.twitter.com/tOtDq2FfJZ
Interesting take
Thought i'd get the Sunday stock talk going since nobody else has today.
Anyone else feel like we see SPY less than 400 before we see it 410+
Anyone else feel like we see SPY less than 400 before we see it 410+
Bob Knights Paper Hands
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I'm fairly bearish, but neither will surprise me. I'd also expect some put premium killing retrace sometime on Monday or Tuesday if we're going lower.
Moves like we had normally continue and then trap very quickly
You don’t trade for money, you trade for freedom.
The Model T retrace from recent high and June low is the mid 390s. We may flash below it and then retrace back to 408-410 range. If it break below Model T and doesn't head back, then I guess I would consider that no man's land.
Can someone ELI5 the Model T?
read page 1
So just the average of the top and bottom? That's what I was thinking but seems much easier than seeing it as a sideways T
It's basically a 50% Fibonacci retracement. It's fairly simple but the key is to confirm a hi and low. If not clear, may get wiped out.
Does anyone else do the stock yield enhancement program on IBKR? Yay or nay? Not too familiar with this….
Not surprised to see small gap down. Keep in mind that losing 4% in under two trading days can result in a trap.
You don’t trade for money, you trade for freedom.
and BTC losing support and now under 20k. June low was 17,6.$30,000 Millionaire said:
Not surprised to see small gap down. Keep in mind that losing 4% in under two trading days can result in a trap.
Keep an eye on this. It always works.
You don’t trade for money, you trade for freedom.
Brian Earl Spilner said:
So just the average of the top and bottom? That's what I was thinking but seems much easier than seeing it as a sideways T
Top of bottom of what? Full range of a trend wave? Most recent breakout or breakdown wave retrace? Intraday same question.
I don't trust the fibs - I calculate the numbers to validate
Calculate what numbers?
The mid point of the high and low. Trend periods, breakouts, breakdowns, intraday, etc.Brian Earl Spilner said:
Calculate what numbers?
Let's say over a period of time the high was 100 and the low 50. Model T is 75.
Page 1 first post goes into detail.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Looks like another bloody day is in store
topher06 said:
Looks like another bloody day is in store
Everyone on fintwit seems to believe that and they're all loaded to the gills on puts. Market makers ain't gonna pay.
You don’t trade for money, you trade for freedom.
Yeah, could see down to 3985 or so and bounce it hard. Lose that through, lot of room down.
if that happens i am loading the gun long for a retrace. the deeper we sell with no upward movement the more powerful that spring will be.
Nothing happened to warrant October 2008 reactions.
Nothing happened to warrant October 2008 reactions.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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Hoping we stay down till morning. I bought AMZN put spreads instead of straight puts. Normally I'd look to buy some AMZN shares in premarket to lock in profits, but may not depending on where we are in the morning.
For sure I'm selling most of these spreads at the open, even though I'm already net free.
For sure I'm selling most of these spreads at the open, even though I'm already net free.
We will I think. If not, I'd be more bearish.
You don’t trade for money, you trade for freedom.
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