I bought a lotto SPX 4010 call for $0.5 a minute ago.
You don’t trade for money, you trade for freedom.
Stock Markets
24,678,623 Views |
233381 Replies |
Last: 7 min ago by Chef Elko
Just lost the low of the day. Bold move, let's see how it plays out.$30,000 Millionaire said:
I bought a lotto SPX 4010 call for $0.5 a minute ago.
You're a magician. I went short on that loss of the LOD and got stopped out.$30,000 Millionaire said:
I bought a lotto SPX 4010 call for $0.5 a minute ago.
$30,000 Millionaire said:
I bought a lotto SPX 4010 call for $0.5 a minute ago.
OA just bought some shares
$SPY $208M Dark Pool Print 🔮 pic.twitter.com/k5kN2zgz6J
— Cheddar Flow (@CheddarFlow) August 30, 2022
Dan Scott said:
A big green account when the market is falling is better than sex
DID YOU KILL A CHEETAH?ProgN said:Dan Scott said:
A big green account when the market is falling is better than sex
I love that movie
FJ43 said:3980 please.....by noon.BREwmaster said:
Nice! thanks for posting. I feel like they try to hold above 4020 until open tomorrow, maybe even 4040, then a slow dump after the opening hour.
This worked
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
FJ43 said:
Mornun!
Watch 407.60s today on SPY. Confirms and I think we see 412ish ahead. Rejects and I think we sell again in days to come to 398s.
Signed…..Guessing Redneck Trader
Trade wisely!
Did y'all play it?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Pretty good day today too.
Will unfortunately not be able to be as active later this week.
Will unfortunately not be able to be as active later this week.
You don’t trade for money, you trade for freedom.
I still want OA to explain how he hedges to me 
You don’t trade for money, you trade for freedom.
Still in OSTK if anyone followed me on it. We got within 7 cents of stopping, but I knew that was a good level. I'd like to exit later this week, ideally at $27-$28.
You don’t trade for money, you trade for freedom.
Pretty good close on OSTK. That's got R/S for the moment.
You don’t trade for money, you trade for freedom.
ENVX with a green hammer on a red day.
I'm not OA, and won't speak for him, but I have had some success with a strategy that works for me.$30,000 Millionaire said:
I still want OA to explain how he hedges to me
I buy significantly out-of-the-money puts on leveraged index funds (theory being that I also benefit from natural decay). I use double leveraged, or ideally triple-leveraged ETFs. I treat these positions as "catastrophic insurance coverage", like flood or hurricane insurance. I don't expect to make money on them (and they mostly expire worthless), but will incrementally scale out of them if they go in my favor early.
A current example: I was concerned several weeks ago about the NASDAQ getting overheated.
TQQQ 10/21/2022 $30 Puts. Bought at $1.71 per contract. Sold a few the other day at $3.05, and had a sell order for $5.00 in today (which didn't execute). Last trade was $4.70.
I am not trying to match or perfectly insulate my long holdings, but simply protect some of my gains in the case of a reversal, and also place a bit of a bet on a counter-trend. A simple risk management technique.
It's not for everybody, for sure. Open to other ideas.
Some of you in here need to check yo'selves...
People out here with $100 worth of $SPY puts calling for global economic collapse...
— John Trades MBA (@JPATrades) August 30, 2022
I ain't OA but I used his strategy of selling 50% calls and 100% on an AMD position and slowly worked my trading account back to even.$30,000 Millionaire said:
I still want OA to explain how he hedges to me
Then you helped me manage a put trade last week that put me in the green.
So people do pay attention to you guys and it helps!
I was in deep in the trading account from some bad trades on NVDA earlier this year.
wow! nice call. sadly I was on the sidelines, been too busy with work and life. and chickened out at the open, shoulda coulda woulda bought puts.FJ43 said:FJ43 said:
Mornun!
Watch 407.60s today on SPY. Confirms and I think we see 412ish ahead. Rejects and I think we sell again in days to come to 398s.
Signed…..Guessing Redneck Trader
Trade wisely!
Did y'all play it?
I still also have AMD short calls. Sold at 12, worth 4 now. I think you could hold until expiration probably, but I think I'll unload tomorrow most likely and look to resell on a spike.
You don’t trade for money, you trade for freedom.
Hey! I really resemble this remark.
SPX closed right at it's daily model-T from 6/17 low & 8/16 high. $3981.07
Howdy, @Lucchese1883 🤠
— Texas A&M Athletics (@12thMan) August 30, 2022
As a part of a multi-faceted partnership, the 140-year old iconic Western lifestyle brand is now the "Official Boot" of Texas A&M Athletics.
🔗 https://t.co/R2pJkPGQWZ | #GigEm pic.twitter.com/pOCUpDGhcZ
Thought of you FJ when I saw these.
$30,000 Millionaire said:
Pretty good day today too.
Will unfortunately not be able to be as active later this week.
You really need to change the formula so the last column is blank unless the first column has data.
Dan Scott said:
APRN getting close to breakout. GO BABY GO!!
Shouldve sold this when it was up 25%, but held out like a simp waiting for a crush to holler come Sadie Hawkins. These "meme" stocks are intoxicating when it comes to their greed goggles.
Damn might have to get me a pair! I have a close long time friend who is a VP at HATCO (parent company of Lucchese) and also happens to be an SEC ref. Actually went to his house in Nashville in March to teach him and his sons trading. He's an Ag.ProgN said:Howdy, @Lucchese1883 🤠
— Texas A&M Athletics (@12thMan) August 30, 2022
As a part of a multi-faceted partnership, the 140-year old iconic Western lifestyle brand is now the "Official Boot" of Texas A&M Athletics.
🔗 https://t.co/R2pJkPGQWZ | #GigEm pic.twitter.com/pOCUpDGhcZ
Thought of you FJ when I saw these.
He's making me a pair of boots out of a hippo hide Mrs FJ shot in Africa several years ago.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Ok...ok.....the thread is fun to catch up on tonight. But this is my laugh of the day.AgEng06 said:
Some of you in here need to check yo'selves...People out here with $100 worth of $SPY puts calling for global economic collapse...
— John Trades MBA (@JPATrades) August 30, 2022
Well maybe 59s post I would have swore was a Prog post was 1b.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
What does this chart tell you besides it's a traders market?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
This setup is “always bullish” according to Cramer 🤣🤣🤣🤣 pic.twitter.com/KpYfsBShqI
— James Bulltard (@amazonholder1) August 30, 2022
DNN
If you took the trade posted a few weeks ago and haven't trimmed or sold....maybe don't be greedy. Up almost 40%. Sell covered calls or take a net free position at the least.
Just my 2 cents.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Little guy most of us have traded. Not for everyone.
I've got buys at 52s and 49s. RR is ok for me here.
CIDM
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
- right shoulder of inverted H&S formingFJ43 said:
What does this chart tell you besides it's a traders market?
- price approaching trendline support & Model T = confluence
- FJ draws trendlines over, under, and through
ok, help me
what did i miss?
I think they are going to push back up towards top of pattern to lure in new bulls and then September it to the downside.
I'd actually draw this as a megaphone down, but that's just me. I know a lot of traders are drawing this as a channel down, but this is my take. Your take on a relief bounce is probably spot on. After that though, I think September will be pretty bloody. McInnis's post a few pages back was showing SPX seasonality in a midterm election year. On average we sell, sell sell into first week of October. Oh, found it! see below:
how to play it? my rookie take, buy calls around 395, play the bounce, trim at fib levels (all out at 50% retrace of this recent drop (around 407). I don't think this will have the juice to bounce to 420, but I'm sure 30k will also disagree!
how to play it? my rookie take, buy calls around 395, play the bounce, trim at fib levels (all out at 50% retrace of this recent drop (around 407). I don't think this will have the juice to bounce to 420, but I'm sure 30k will also disagree!
My SQQQ play is based on the megaphone and model t. Simple plan. Will I miss some great intraday moves? Yes.
But that's ok. I'm looking to trade less and on a longer time frame.
But that's ok. I'm looking to trade less and on a longer time frame.
I don't expect to trade much today and I don't see anything right here. Probably chop. I'm short biased but we have tested 3970 and it's held several times.
I wouldn't be surprised to see very tight range today.
I wouldn't be surprised to see very tight range today.
You don’t trade for money, you trade for freedom.
Featured Stories
See All
26:41
2h ago
3.2k
Second CFP rankings of 2024 sees Texas A&M move down to No. 15
by Richard Zane
10:53
21h ago
2.7k