LolBob Knights Liver said:
I bought a few 0Dte SPX 4105C lottos for $0.05. I'll eat PBJ for lunch tomorrow if I waste that $16.
You don’t trade for money, you trade for freedom.
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$IPI - If it comes back to Model T on the daily chart in the next week (Would be consolidation on Level 1 cup fill achieved), grab Sept 16 $54 calls.
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 25, 2022
Flashed below model T earlier and bounced. Wasn't able to get any 9/16 $55c filled.
pattern broke down...sts7049 said:
another touch last night of the top of this pattern
Now I'm waiting to see if this gets above 4020. Can't short here.
You don’t trade for money, you trade for freedom.
Is 4020 lost?
Bob Knights Paper Hands
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Lost low of day for SPX and QQQ. I don't feel like trading short here, but my longer-term account is likely this.
Didn't we just get below it? I would think we need 30 minutes to at least confirm that.
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$30,000 Millionaire said:LolBob Knights Liver said:
I bought a few 0Dte SPX 4105C lottos for $0.05. I'll eat PBJ for lunch tomorrow if I waste that $16.
Actually I'm eating Hutchins BBQ tomorrow. But on Thursday - that's the day I'll eat a PBJ as my penance.
closed out nvda put from yesterday. done for the day.
Went short on SPY yesterday at 2:16 in the 405s
Just took those weekly 400P off here.
Now sit on hands.
Next trade.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Thanks for the invite.Bob Knights Liver said:$30,000 Millionaire said:LolBob Knights Liver said:
I bought a few 0Dte SPX 4105C lottos for $0.05. I'll eat PBJ for lunch tomorrow if I waste that $16.
Actually I'm eating Hutchins BBQ tomorrow. But on Thursday - that's the day I'll eat a PBJ as my penance.
You don’t trade for money, you trade for freedom.
yep. we are holding at 4000 now, so if we don't get back over 4020 area soon we are going down another leg.BlueTaze said:
Is 4020 lost?
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AG
If i wasn't already loaded up I'd be buying crwd 9/9 calls right now
I have one final buy limit for TQQQ at $27.15, but I think I'm done with leveraged after that. Just gonna sit on my hands and wait for the recovery. And I do want to hold some of that probably for more of a medium term.
For long term I still have two buys set for QQQ and GOOGL at 300 and 106 respectively.
September may slaughter my portfolio since I've just about exhausted my cash but just gotta grit my teeth and take it like I did in June.
For long term I still have two buys set for QQQ and GOOGL at 300 and 106 respectively.
September may slaughter my portfolio since I've just about exhausted my cash but just gotta grit my teeth and take it like I did in June.
Ok progress so far.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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Look at that h pattern on AMZN on the hourly. Beautiful and horrible at the same time.
Ok. Lied. Bought and Closed out a SPY 398P for a quick 30%. Now I'm done.
i can't understand why you are going long right now
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About 4 min ago, I straight up shorted AMZN. Stop at $130.66, target buy to close at $122.85.
Little bit excessive on short time frame. I'll be looking for a bounce soon.
You don’t trade for money, you trade for freedom.
As opposed to at 4200? I don't think he's crazy.sts7049 said:
i can't understand why you are going long right now
You don’t trade for money, you trade for freedom.
To quote Tyrion, ask me again in 10 years.sts7049 said:
i can't understand why you are going long right now
Watch APRN. It's flagging nicely on the daily and coming up on resistance.
Just checking in I see things are getting a tad bit interesting again……
SPX lost 4000 faster than I thought it would. I sent you a DM with my Venmo for payment.
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Nice volume on AMZN the last ~10 minutes.
Triple Bagger watching his chart right now....
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You should ask to collect in whiskey.
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Lol
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Watching the market is like watching a scene from Casino.
This is getting ugly. Where does it bounce?
Wow slice trough the 50 SMA like butter.
This is going to snap back really quickly.
You don’t trade for money, you trade for freedom.
Around here.Spoony Love said:
This is getting ugly. Where does it bounce?
You don’t trade for money, you trade for freedom.
irish pete ag06 said:irish pete ag06 said:This is basically exactly what I did. I started a tad too early. I started 6-7 trading days ago. I also began entering SQQQ layering in over the previous 2 weeks. Maybe the biggest position I've ever had. Playing for the model T and for it to fall back into previous consolidation zones that roughly equate too 300-310 QQQ.BlitzBrother said:
Sold 40% stocks late Thursday , hedged 100% of remainder - Basically looking out until midterms , think 3,950 in the cards as a minimum on S&P500 .
So on the SQQQ chart, I am targetting 47-50. Today allowed me to move my stop to break even after averaging in.
Before folks lose their crap about longing SQQQ and TQQQ, I am not keeping this forever. It's a swing trade. Not hodl'ing this.
I also bought $30 VIX calls for 21 Sep. I got into these too early as well. Downward moves (upward moves on VIX) happen so dang fast, I didn't want to miss it. These basically got back to breakeven today since I was too early. I still see more volatility upside, so I am holding, but plan to trim soon. Potentially tomorrow.
I'm still holding SQQQ in full. My target 1 for SQQQ is the 47-50 range, specifically 47.50. Target 2 is potentially in the 70 range if we make new lows. Plan is to sell half at target 1, then manage stop loss for the other half up to the 70 range. I'm using the megaphone pattern posted above as my final target, but I won't let this turn into a loser.
Currently up 9%. Have stop losses in place for +1% for half and breakeven for half that way I make a little jingle if it completely reverses against me.
Where I could have done better on this trade was my entry. I could have been more patient and layered in over more days to have a better cost basis.
Getting close
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