Someone already made one on TV. Just search "RDR" in the indicators and pull up the indicator by tyntrade. The script is protected so I can't see what it is doing, but you can see if it is giving you what you think it should on the charts. I don't trade that pattern so I haven't noticed how good it works in realtime. I noticed there is a second script by someone else that says intra day. It wasn't there when I found this one awhile back.
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Last: 5 hrs ago by $30,000 Millionaire
I agree. Not sure what the repo rate actually is right now, but nothing shown in that video means anything. They run wholesaler used car auctions like that regularly all over the country. Source: in college I used to go the auctions and buy cars as a summer gig.
ProgN said:
We don't but repos are increasing in several states. It's going to get a lot worse. Buyers market for new or newer pre-owned for qualified buyers in about 9 months.
fine, but at least caution the no context videos
Good lord, I wasn't posting it as fact but more of something for the board to consider, especially after CVNA's ER a couple of days ago. Hell, I didn't even make a politically charged comment.
Calm down, I'm pissed we suck and lost another game today too.
Calm down, I'm pissed we suck and lost another game today too.
ProgN said:
Good lord, I wasn't posting it as fact but more of something for the board to consider, especially after CVNA's ER a couple of days ago. Hell, I didn't even make a politically charged comment.
Calm down, I'm pissed we suck and lost another game today too.
It's a fair point for him to bring up. The video with no context or numerical frame of reference is pointless.
relax bro, I'm not attacking you. but this Twitter garbage has got to stop. people gotta not share nonsense pretending to be news or facts
Fine, sorry guys, it wasn't my intent to create drama in here tonight.
I read an enormous amount of news articles daily from multiple sources and vehicle repos and walkaways are rising in a growing number of states. Consider it like a leading indicator of how much the economy is slowing down. This is a huge red flag and we are seeing just the beginning of corporate layoffs and small businesses going under. This will affect how you trade the market so being aware of these signs, they carry value to our clubhouse.
On a positive note, it will be a buyers market for new or newer pre-owned vehicles in around 9 months. So if anyone might be thinking about a newer vehicle for their household, it would benefit them to wait a few months. IMO
I read an enormous amount of news articles daily from multiple sources and vehicle repos and walkaways are rising in a growing number of states. Consider it like a leading indicator of how much the economy is slowing down. This is a huge red flag and we are seeing just the beginning of corporate layoffs and small businesses going under. This will affect how you trade the market so being aware of these signs, they carry value to our clubhouse.
On a positive note, it will be a buyers market for new or newer pre-owned vehicles in around 9 months. So if anyone might be thinking about a newer vehicle for their household, it would benefit them to wait a few months. IMO
I agree with you though.
In our area folks are trading vehicles down now. While they were trading them up every oil change
In our area folks are trading vehicles down now. While they were trading them up every oil change
$30,000 Millionaire said:
Question for the health insurance experts: hypothetically, if your company didn't subsidize health insurance premiums meaningfully, is there any reason not to use an HDHP with a max funded HSA?
Depends on your age and healthcare needs. If you are sub 50 with normal health needs for your family than an HSA is a no brainer.
I use it and never pull from it unless I have to. Want that extra retirement vehicle.
Just have to get used to a doc appointment costing $150 instead of the $20 copay. The math checks out.
Or if you know you're going to max the deductible every year the HSA works well.
Our youngest has infusions every 6 weeks. It eats up the deductible every first visit. HSA covers it pretax so we get a slight advantage.
Our youngest has infusions every 6 weeks. It eats up the deductible every first visit. HSA covers it pretax so we get a slight advantage.
I am waiting for a better more reasonable car market. We are 1.5 years out and still nervous that things could still be off by then. I swear nothing makes sense anymore. 2 years after covid started and people still talking supply chain issues like it's June 2020. China acting like it's March 2020.
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The Fossil Fuels beat the Fetterman's for the 2022 World Series!
Green day on Monday.
Green day on Monday.
The supply chain issues are improving because the car companies ability to get chips is better and demand is decreasing. Look at dealerships when you drive past them. Most were almost empty but their inventories are now growing. The only problem is buyers are drying up.planoaggie123 said:
I am waiting for a better more reasonable car market. We are 1.5 years out and still nervous that things could still be off by then. I swear nothing makes sense anymore. 2 years after covid started and people still talking supply chain issues like it's June 2020. China acting like it's March 2020.
I'll be buying my next new vehicles before 2027 to avoid the required breathalyzer like device. I don't drink and drive but if your vehicle's device is set at .04 then you possibly couldn't have a margarita during dinner.
Kenny Powers back in the car business?!
Is that a law? Wtf. You're either over the limit or not.
You don’t trade for money, you trade for freedom.
The device requirement is law, it was in the fine print of the infrastructure bill Biden signed. The .04 is an assumption on my part because that's what most of those devices are calibrated for currently.
Yep. **** the morons in charge. Shoehorned it into the infrastructure bill. Privacy or freedom be damned. Nothing like a far left utopia where nothing bad ever happens. Cameras facing the driver in all cars.$30,000 Millionaire said:
Is that a law? Wtf. You're either over the limit or not.
Want to talk about inflation in the price of cars, thus certainly won't help.
https://www.fox10phoenix.com/news/infrastructure-bill-signed-by-president-biden-includes-anti-drunk-driving-system-mandate-for-new-cars.amp
Quote:
It is not clear what the anti-drunk driving system will look like, as the technology has not been decided yet, but the bill states it needs to be able to passively monitor the performance of a driver to identify whether they are impaired, while also detecting blood alcohol concentration. Some ideas for this include a driver monitoring system that would allow for cameras on the dashboard.
The cameras would monitor eye gaze to check for impairments. Another option is sensors that would determine how much alcohol is in a person's sweat.
"The drunk or otherwise impaired driver will get in their car, and it either won't start or won't move, while the sober driver won't even know it is there," said Otte.
This new technology would be different than the interlock system, where a driver has to blow into a breathalyzer in order to start the car. The interlock technology has come a long way to prevent drunk driving, according to Smart Start Ignition State Director Frank Bobedeilla.
"From just being a handheld unit that we would blow into it and vehicle to start, [to] where we have GPS technology, we have real-time reporting, cameras. All of that has changed in the last 10 years," said Bobadeilla.
It is still too early to tell how this would change the way interlock businesses do their work and provide for their customers.
"We don't know," said Otte. "It is so vague we don't know how it is going to affect."
Officials with MADD say they are not advocating for a certain type of technology to be chosen. They just want to make sure everyone can make it home safe.
"We are truly going to see a day when there are no more victims of drunk driving," said Otte.
I know we all follow seasonality very closely and are chart mongers to a degree. I found an interesting one that breaks down S&P seasonality based on midterm elections and when Dems are in office, etc. Posting to share knowledge here. I think we puke this week. I'll take a contrarian view. I don't know of one person who hasn't called for a big post-election rally.
People are gonna fight this tooth and nail once they realize they'll never be able to check their phone from the driver's seat ever again
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Buck Compton said:Yep. **** the morons in charge. Shoehorned it into the infrastructure bill. Privacy or freedom be damned. Nothing like a far left utopia where nothing bad ever happens. Cameras facing the driver in all cars.$30,000 Millionaire said:
Is that a law? Wtf. You're either over the limit or not.
Want to talk about inflation in the price of cars, thus certainly won't help.
https://www.fox10phoenix.com/news/infrastructure-bill-signed-by-president-biden-includes-anti-drunk-driving-system-mandate-for-new-cars.ampQuote:
It is not clear what the anti-drunk driving system will look like, as the technology has not been decided yet, but the bill states it needs to be able to passively monitor the performance of a driver to identify whether they are impaired, while also detecting blood alcohol concentration. Some ideas for this include a driver monitoring system that would allow for cameras on the dashboard.
The cameras would monitor eye gaze to check for impairments. Another option is sensors that would determine how much alcohol is in a person's sweat.
"The drunk or otherwise impaired driver will get in their car, and it either won't start or won't move, while the sober driver won't even know it is there," said Otte.
This new technology would be different than the interlock system, where a driver has to blow into a breathalyzer in order to start the car. The interlock technology has come a long way to prevent drunk driving, according to Smart Start Ignition State Director Frank Bobedeilla.
"From just being a handheld unit that we would blow into it and vehicle to start, [to] where we have GPS technology, we have real-time reporting, cameras. All of that has changed in the last 10 years," said Bobadeilla.
It is still too early to tell how this would change the way interlock businesses do their work and provide for their customers.
"We don't know," said Otte. "It is so vague we don't know how it is going to affect."
Officials with MADD say they are not advocating for a certain type of technology to be chosen. They just want to make sure everyone can make it home safe.
"We are truly going to see a day when there are no more victims of drunk driving," said Otte.
Well,....the shift to weed versus booze is right there in front of you. This will "drive" a new type of "high". See what I did there? This is no different than the auto industry forcing you to buy an EV because they won't be making ICE vehicles. .... But hey, why is a anti-drunk driving mechanism needed if we are going to driverless vehicles? Inquiring minds want to know..
Don't like posting zerohedge but they're citing Wall Street Journal
BOOM:
— zerohedge (@zerohedge) November 6, 2022
Facebook parent Meta to begin laying off thousands of employees this week: WSJ
https://www.cnbc.com/2022/11/06/meta-could-begin-large-scale-layoffs-this-week-report-says.htmlMichael Cera Palin said:
Don't like posting zerohedge but they're citing Wall Street JournalBOOM:
— zerohedge (@zerohedge) November 6, 2022
Facebook parent Meta to begin laying off thousands of employees this week: WSJ
A friend of mine just got hired at Meta as a director. I'm sure they'll cut some dead wood, but I would be surprised if they did anything that was overwhelmingly massive. Same thing with Microsoft and Google. Another friend is a managing director on their AdWords team and he is not able to find qualified people for his open role. These companies are both hiring and firing at the same time.
What Musk did on Friday at Twitter is absolutely insane. The amount of institutional knowledge and know how that walked out the door will be significant and I hope the people who made the decisions at least knew who they needed to keep the lights on. The people remaining won't really want to work, so let's see what happens.
What Musk did on Friday at Twitter is absolutely insane. The amount of institutional knowledge and know how that walked out the door will be significant and I hope the people who made the decisions at least knew who they needed to keep the lights on. The people remaining won't really want to work, so let's see what happens.
You don’t trade for money, you trade for freedom.
Twitter is now reaching out to dozens of employees who lost their jobs and asking them to return, with some being let go before management realized that their work and experience may be necessary to build the new features Musk envisions, per Bloomberg.
— unusual_whales (@unusual_whales) November 6, 2022
You don’t trade for money, you trade for freedom.
Apple warning on high-end iPhone shipments due to the China lockdowns, while China shooting down any notion of easing up on zero COVID.
$30,000 Millionaire said:
A friend of mine just got hired at Meta as a director. I'm sure they'll cut some dead wood, but I would be surprised if they did anything that was overwhelmingly massive. Same thing with Microsoft and Google. Another friend is a managing director on their AdWords team and he is not able to find qualified people for his open role. These companies are both hiring and firing at the same time.
What Musk did on Friday at Twitter is absolutely insane. The amount of institutional knowledge and know how that walked out the door will be significant and I hope the people who made the decisions at least knew who they needed to keep the lights on. The people remaining won't really want to work, so let's see what happens.
It was not absolutely insane - welcome to the software world.
Whirligigs said:$30,000 Millionaire said:
A friend of mine just got hired at Meta as a director. I'm sure they'll cut some dead wood, but I would be surprised if they did anything that was overwhelmingly massive. Same thing with Microsoft and Google. Another friend is a managing director on their AdWords team and he is not able to find qualified people for his open role. These companies are both hiring and firing at the same time.
What Musk did on Friday at Twitter is absolutely insane. The amount of institutional knowledge and know how that walked out the door will be significant and I hope the people who made the decisions at least knew who they needed to keep the lights on. The people remaining won't really want to work, so let's see what happens.
It was not absolutely insane - welcome to the software world.
LOL. You've got no clue who you're talking to bro.
You don’t trade for money, you trade for freedom.
Lol!
$30,000 Millionaire said:
There were two today. I caught part of one.
How do you trade these? I caught the fake breakdown on Friday with a 0DTE 3750C, and did pretty well, but I doubt 0DTE is often the way to go. I'm having trouble finding the sweet spot maximizing the move without theta killing me. Just looking for a little guidance with picking strike and expiration.
You are spot on. I've been following used vehicle prices and have seen them come down - and in a short amount of time. There are also plenty of folks who don't want to buy a new vehicle right now, economic uncertainty coupled with crazy high interest rates.ProgN said:
Fine, sorry guys, it wasn't my intent to create drama in here tonight.
I read an enormous amount of news articles daily from multiple sources and vehicle repos and walkaways are rising in a growing number of states. Consider it like a leading indicator of how much the economy is slowing down. This is a huge red flag and we are seeing just the beginning of corporate layoffs and small businesses going under. This will affect how you trade the market so being aware of these signs, they carry value to our clubhouse.
On a positive note, it will be a buyers market for new or newer pre-owned vehicles in around 9 months. So if anyone might be thinking about a newer vehicle for their household, it would benefit them to wait a few months. IMO
Naked 0 DTE is only for pros or as lottos. Some general thoughts on them:
- in the morning, 30 points OTM is okay. You don't want to be in these more than about 20 minutes unless they are moving. Get your money and go
- in the afternoon, ITM or maximum 10 points OTM but you need to know there is no forgiveness in the moves. Strategy has to be lotto or -50% / + 100%
- you must not FOMO. I look for bottoming action or continuation on pullback action to trade. I wish I could tell you there was a formula but a lot is based on "feel"
- spreads and butterflies can really pay with these because they benefit or offset theta.
- it's less risky to full port UPRO with a smart stop. Not kidding, just don't bag hold
** the most important thing ** - you must at least intuitively understand how the Greeks work, delta and theta in particular, and how these work depending on time to expiration. Delta is decreasing while theta is increasing. Late in day, ITM or ATM has maximum delta benefit with lowest theta. Don't glamorize the late day 0.45 to 30 types of moves. Only an idiot would buy these, so they're kind of luck and gambling based.
- in the morning, 30 points OTM is okay. You don't want to be in these more than about 20 minutes unless they are moving. Get your money and go
- in the afternoon, ITM or maximum 10 points OTM but you need to know there is no forgiveness in the moves. Strategy has to be lotto or -50% / + 100%
- you must not FOMO. I look for bottoming action or continuation on pullback action to trade. I wish I could tell you there was a formula but a lot is based on "feel"
- spreads and butterflies can really pay with these because they benefit or offset theta.
- it's less risky to full port UPRO with a smart stop. Not kidding, just don't bag hold
** the most important thing ** - you must at least intuitively understand how the Greeks work, delta and theta in particular, and how these work depending on time to expiration. Delta is decreasing while theta is increasing. Late in day, ITM or ATM has maximum delta benefit with lowest theta. Don't glamorize the late day 0.45 to 30 types of moves. Only an idiot would buy these, so they're kind of luck and gambling based.
Thanks for that.
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I like to go ITM with a high liquidity strike if I do 0 Dte or 1 Dte. I haven't used UPRO and SPXS as much as I probably should. Those allow a little more leeway on stops. The 0 Dte really move against you fast.
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Futures are a little green and we're mostly green around the world. Election coming, CPI on Thursday I think, and a bunch of government bond sales to move yields one way or the other. Lot's of catalysts this week.
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Those calls are fixinto print.
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