Just looking. Numbers looked good.
Guessing good news = bad news?
Guessing good news = bad news?
Stock Markets
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Last: 28 min ago by Heineken-Ashi
I'm waiting for the IB period to end to even think about doing anything.
Guess so. I hate when the market trades like this, feels dirty.
$30,000 Millionaire said:
Just looking. Numbers looked good.
Guessing good news = bad news?
Strong jobs means less chance of fed pivot, thus cold water on rally.
Bob Knights Paper Hands
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Yep. I'm not sure how much of the recent rally was Fed pivot hopes, but I guess we're going to find out shortly.
Algos queue up whatever it is that they want to do and just wait for a catalyst to unleash.
We will not close the day green, but I think there could be some recovery after the selling stops.
We will not close the day green, but I think there could be some recovery after the selling stops.
Re: TSLA - I am personally not going to touch this while the Twitter saga is unfolding.
Normally there is a mean reversion when a chart looks like this on an index.
I'm guessing we see 362 today with the way selling is going currently. That would be a good stop then reverse to 365-366 to end the day red.
I don't think so. It could, I just don't think soSpoony Love said:
I'm guessing we see 362 today with the way selling is going currently. That would be a good stop then reverse to 365-366 to end the day red.
For the idiots here (and you're all idiots because you went to A&M like me), do not knife catch. Wait for intra bottom to long.
Do not short the hole either. Wait for a retrace.
Do not short the hole either. Wait for a retrace.
You don’t trade for money, you trade for freedom.
I think that the reoccurring Fed pivot thesis is nonsense so I'm kind of enjoying today. I get it, people are getting desperate to see their portfolios turn around but this is going to take time, something that the QE generation is not used to dealing with.Bob Knights Liver said:
Yep. I'm not sure how much of the recent rally was Fed pivot hopes, but I guess we're going to find out shortly.
Yep, Fed is the market mover. Good jobs = more room for rate hikes. They'll keep going until something breaks.$30,000 Millionaire said:
Just looking. Numbers looked good.
Guessing good news = bad news?
Me! I'm guilty of being an idiot
Premium too high for 0DTE
You don’t trade for money, you trade for freedom.
Internal dialog right now:
"Do not sell naked puts on 3630. Do not sell naked puts on 3630. Do not sell naked puts on 3630".
"Do not sell naked puts on 3630. Do not sell naked puts on 3630. Do not sell naked puts on 3630".
You don’t trade for money, you trade for freedom.
still under trend lines, down... even with this little rip up.
I've got a longer trend line from the peak from Aug and it has respected it since except for the peak run in Sept but was quickly back under. I have the top around 375 but I just don't see it getting close to that today.
I like the trend line you have here though
I like the trend line you have here though
I sold LUMN 6.5P for 0.42. Nov 4
You don’t trade for money, you trade for freedom.
I woke up with a huge hangover and bought the AMD dip. Where am I? Who am I? Am I Heiniken?
I also bought 1,000 UPRO here.
My stop is 29.9. Risking $370
My stop is 29.9. Risking $370
You don’t trade for money, you trade for freedom.
yep, looking ominous...
Target?$30,000 Millionaire said:
I also bought 1,000 UPRO here.
My stop is 29.9. Risking $370
Will evaluate during the day but 31 or dump at close.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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AG
This dip is right on script with the seasonality chart, followed by big green next week
I'm going to move the stop to 30.3 to make this a risk free trade.
You don’t trade for money, you trade for freedom.
Bought more LUMN shares at 6.65
Also buying Jan 24' leaps.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Rejection at VWAP twice. This probably stops out in profit.
It's okay to trim anytime by the way!
It's okay to trim anytime by the way!
You don’t trade for money, you trade for freedom.
Bought a little more TQQQ on this dip.
3rd test and reject of VWAP
You don’t trade for money, you trade for freedom.
Not trying to humblebrag - my XOM call play is up by X00%.
I've never rode the lightning before. For you more experienced guys - I keep moving my stop up to sell enough calls to break even, but am letting the rest ride. If I see a big negative day I plan on setting a fairly loose stop for the remainder of the contracts so I can at least lock a big chunk of the profits.
How do you all normally play this situation? I am trying to not be greedy but I don't see any reason to start trimming or eject yet. I want to make sure I am not missing something obvious.
ETA: Meant option contracts, not shares.
I've never rode the lightning before. For you more experienced guys - I keep moving my stop up to sell enough calls to break even, but am letting the rest ride. If I see a big negative day I plan on setting a fairly loose stop for the remainder of the contracts so I can at least lock a big chunk of the profits.
How do you all normally play this situation? I am trying to not be greedy but I don't see any reason to start trimming or eject yet. I want to make sure I am not missing something obvious.
ETA: Meant option contracts, not shares.
I'm going to sell half here to at least buy dinner and then I'm going to set a B/E stop on the rest.
You don’t trade for money, you trade for freedom.
CC09LawAg said:
Not trying to humblebrag - my XOM play is up by X00%.
I've never rode the lightning before. For you more experienced guys - I keep moving my stop up to sell enough shares to break even, but am letting the rest ride. If I see a big negative day I plan on setting a fairly loose stop for the remainder of the shares so I can at least lock a big chunk of the profits.
How do you all normally play this situation? I am trying to not be greedy but I don't see any reason to start trimming or eject yet. I want to make sure I am not missing something obvious.
It's okay to brag here. Seriously. Congrats
You don’t trade for money, you trade for freedom.
Exxon pays dividends. It's okay to take out your cost basis and let the rest ride forever. It will pay you for life.
You don’t trade for money, you trade for freedom.