Got to eliminate this and be a robot!Ragoo said:
This is where I get upset for flipping and not holding.
Probably should just turn off until Monday.
yeah. Would have been 120kish.BREwmaster said:
you made $2k+ today bro, count the benjamins and be happy!
Yeah okay you can be a little upset.Ragoo said:yeah. Would have been 120kish.BREwmaster said:
you made $2k+ today bro, count the benjamins and be happy!
Ragoo said:yeah. Would have been 120kish.BREwmaster said:
you made $2k+ today bro, count the benjamins and be happy!
Looks to me like the smart money knows exactly what you are going to do and is prepared to whip your butt every time.Brian Earl Spilner said:
I spent the entire week expecting a bounce and buying here and there.
Today, the one time it looked like there was certainly more pain coming, I cancelled my orders and lowered all my limits. Of course, that's the moment everything decided to rally.
I've given up trying to understand how this market works.
Heineken-Ashi said:Looks to me like the smart money knows exactly what you are going to do and is prepared to whip your butt every time.Brian Earl Spilner said:
I spent the entire week expecting a bounce and buying here and there.
Today, the one time it looked like there was certainly more pain coming, I cancelled my orders and lowered all my limits. Of course, that's the moment everything decided to rally.
I've given up trying to understand how this market works.
Heineken-Ashi said:
While you rejoice at the reality of the FED eventually balking on their own hawkishness, I hope you do so with the economic understanding that it is suicide either way. Our fate was decided when we created the debt and enabled decades of doomed-to-fail Keynesian modern monetary policies to take hold of us.
The FED easing to come might be good for short to mid term equities, but it will also halt the strength of the dollar at a time where nothing else in the world can realistically compete.
Would it suck if the government couldn't service its debt because of high interest rates? Absolutely. The only way to remove debt is to pay it off or inflate the money supply so much that the middle class is saddled with an ever increasing burden under the false disguise of "higher wages". During this process, you will always notice those at the top use the cheap debt and "stimulus" to purchase hard assets to further increase their wealth and shield themselves from the coming calamity.
The FED reversing would indicate only one thing. That the powers that be have no intention to fix our problems. If they truly wanted to fix our problems they would be lobbying Congress to cut every single expense item and to stop spending money. Any solution outside of severely cutting the size, scope, and bloat from everything remotely attached to government is merely window dressing.
But then you remember that the FED exists for only one reason - to bailout their constituents who cause the majority of the pain our economy experiences. They do this by printing money and slashing rates, often injecting newly minted bloat directly into corrupt and proven failure organizations. They saddle the middle class with future inflation and ever-increasing taxes, regulations, and burden. Then they tell you it was for your own good. And you believe it because you buy the lie that they exist to protect you directly after causing the event they were created to protect you from.
It's all a charade. And time is running out. Modern monetary policy has failed massively. And the only tool left is to inject more failed MMP. Because to do otherwise would be to enter immediate dire deep recession, and then depression, and to admit that Keynesian style central bank governance is a complete and total failure. Funny thing is, we either find this out voluntarily, or by force. The music will stop one way or another. Because easing before getting inflation in check isn't going to miraculously turn us back into a vibrant, cheap economy. It's gasoline on a fire.
Good thing he's rich off the sub money$30,000 Millionaire said:
Harry Wang still loading puts!!!
Golf1 said:
Cheddar flow keeps tweeting large orders of puts on so many things. Not sure if it's hedging, expect lower, or people are just stupid at this point.
Everything's overbought today or we found the overall bottom and everyone is buying.
If everyone is buying then that brings a big short squeeze in play.
Good luck traders lol.
I am waiting on earnings. They will rock! Maybe not as good as Q2 (a historic record), but they are going to rock! Look for a dividend increase to be announced too! (XOM announces div increases in Q3 more consistent than an Apple watch) Some weeks back I was going to sell Calls on Oct 21st $105's and missed it - got interrupted on that day by a family emergency. I wasn't happy, but it is what it is and there's always another opportunity and we got one coming up. We are going to get a new ATH this year and likely before month end. XOM is going to $120 between now and June 2023. In 3 to 5 years $200 (actually may be at $200 in 18 to 20 months).topher06 said:
What are we doing with XOM shares? Covered calls or just holding waiting on a dividend announcement? By we, I mean Farmer Johnson (post check up).
Friend, I'm going to offer something to you. I highly recommend you listen.Brian Earl Spilner said:Heineken-Ashi said:Looks to me like the smart money knows exactly what you are going to do and is prepared to whip your butt every time.Brian Earl Spilner said:
I spent the entire week expecting a bounce and buying here and there.
Today, the one time it looked like there was certainly more pain coming, I cancelled my orders and lowered all my limits. Of course, that's the moment everything decided to rally.
I've given up trying to understand how this market works.
Feel like WWR is a lost cause.Philip J Fry said:
Gotta love WWR going red on a day of green everywhere.
