When I sold due to work



Where it is now

This board is a fun place to be on days like this. We're slapping each other on the back for being the investing geniuses we all are. We've all got really short memories.

50% retrace is at 393.

Last bear rally nailed the 50%.

Any reason not to be long up to 390ish for the next few days?

No trade here just looking at the chart.

Paradise Ag said:

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ProgN said:

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Biden to release 10M more barrels from Strategic Petroleum Reserve in November in wake of OPEC+ cuts | Fox Business

Quote:

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President Biden on Wednesday said he would release 10 million more barrels of oil from the U.S.'s Strategic Petroleum Reserve (SPR) in November in a move to counter raising gas prices again.

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I would call him a "one-trick pony" but that would be insulting to ponies.

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It would also be insulting to tricks.

They cut 2M bpd. Thanks a-hole for 5 days of "cheaper" gas that'll come back to screw the entire nation just a handful of days later.

gig em 02 said:

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$30,000 Millionaire said:

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Don't allow yourself to get into whatifs in trading. I took a counter trend long.

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I hope you remember this tonight.

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Of course. I couldn't watch it, I made like 30% on a 0DTE trade. That's a success. It just as easily could have gone to zero. All I'm trying to do is grow my account without taking insane risk.

BlueTaze said:

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RIG flashing back down below $2.50, I think we see $3 before November. Feels like a relatively safer knife catch than everything else out there.

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$3 reached. I was expecting a grind up in oil off longterm support and RIG double bottom, but the OPEC cut today just poured fuel on fire.

ADP payroll came in below Labor Department payroll estimates, starting to consistently reflect that the Labor Department is overstating job numbers. Maybe the Fed will take this into consideration in regards to the economic conditions instead of taking current fed data as reality. Everyone knows the "official" job growth numbers have been inflated substantially.

BlueTaze said:

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BlueTaze said:

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RIG flashing back down below $2.50, I think we see $3 before November. Feels like a relatively safer knife catch than everything else out there.

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$3 reached. I was expecting a grind up in oil off longterm support and RIG double bottom, but the OPEC cut today just poured fuel on fire.

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Nice man. Lemme just send you my Fidelity login info. Do me right.

hahaha

Finally happened: Cramer ETFs

Inverse Cramer ETF $SJIM
Long Cramer ETF $LJIM
Eff Dec 19

20-25 equal-weighted stocks/ETFs based on Cramer's Twitter & TV recommendations and market views. Positions exited if Cramer has no view & once profit targets met.https://t.co/ZvA5G2zoTX pic.twitter.com/tY9yBMt15s

— ETF Hearsay by Henry Jim (@ETFhearsay) October 5, 2022

Oh my... we need a 3x leveraged SJIM right now

I'm not questioning a we'll know trader, but unless you are in some sort of end-of-day settled account like a 401k, it seems like it would be more prudent to wait for the reversal back down to confirm and then short. Sure you'd potentially miss the start of the move, up you lower your downside risk. Also you have a built-in stop with the high or high close for this run up. It seems a lot easier that way to me at least.

I'm going short before the inflation print. The only reason the FED didn't pivot to support our banking exposure to Europes completely FUGGED banking, utility, and pension nightmare is because our inflation is going to get worse.

I know it doesn't seem like it, but food inflation just started it's ascent. The Fall harvest season is when pricing got adjusted and rolled in for increased labor, fertilizer, and shipping expenses. This was all reported in Ag publications in late Spring. They said September is when food prices skyrocket.

Brian Earl Spilner said:

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But Costco already increased its hot dog price!

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I thought they just said they never would?

South Platte said:

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This board is a fun place to be on days like this. We're slapping each other on the back for being the investing geniuses we all are. We've all got really short memories.

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Not quite sure what you're suggesting. This last few days have just reminded me what an amazing trader i am. As a matter of fact, I'm again considering quitting my day job to trade full time, seeing as i should be somewhere between bezos and musk net worth in just a few years

The Taiwanese Ministry of National Defense has announced that they will now see any Violations of its Airspace by the Chinese Military that come within 12 Nautical-Miles of the Island as Beijing Launching a “First Strike” that would warrant them to respond with a Counterattack. pic.twitter.com/plub3QPFvg

— OSINTdefender (@sentdefender) October 5, 2022

What could possibly go wrong.