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.
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.
$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
pattern broke down...sts7049 said:
another touch last night of the top of this pattern
$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.
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.
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?
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
To quote Tyrion, ask me again in 10 years.sts7049 said:
i can't understand why you are going long right now
Around here.Spoony Love said:
This is getting ugly. Where does it bounce?
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.