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24,745,809 Views | 233447 Replies | Last: 19 min ago by Heineken-Ashi
$30,000 Millionaire
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AG
There is your catalyst, I guess. Pretty shocking that payrolls can have this type of move. These were only a big deal in 2009
You don’t trade for money, you trade for freedom.
59 South
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Algos gone wild? Fake move? Who TF really knows? Certainly not I.
If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
sts7049
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all that so far is still just another ping pong touch of the lower and upper trendlines. more chop
ProgN
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59 South said:

Algos gone wild? Fake move? Who TF really knows? Certainly not I.

$30,000 Millionaire
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We have touched the lower support more than we have touched the upper resistance. Today is probably a premium crusher if I had to guess. The trend day may be on CPI.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Natural gas has really had everything go right for bears. It's going to have to mean revert soon. When everything is priced to perfection it ends in short order.
You don’t trade for money, you trade for freedom.
wanderer
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It is at like -9ATR after all.
$30,000 Millionaire
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Blog rants that I can't post on linked in: something I find especially grating about Amazon managers is that they all act like they're some kind of big fish and are managing some massive business. There is this MF on LinkedIn posts these daily management guru posts. He has people managed for 2 years and he's an L6 (Amazons lowest manager level). That's who works there.
You don’t trade for money, you trade for freedom.
Heineken-Ashi
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wanderer said:

It is at like -9ATR after all.


On what timeframe?
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
$30,000 Millionaire
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Ok, trading stuff.

I don't know what the market will do in 3 minutes when it opens. But big impulse moves like that bring volatility. I wait on moves like that.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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This is why you wait.

You would have gotten murdered on the chop move and IV crush.

15 point OTM SPX calls were $13 at 8:35
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$30,000 Millionaire
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Can you imagine if you FOMO'd and bought at $13?


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$30,000 Millionaire
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Lmfao.


You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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Orrr...buy an xsp 382p at open for a buck (could have done better) then sell a 381 6 minutes later for the same. Free lotto!
$30,000 Millionaire
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Back to where we were at 2pm yesterday.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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But you would have been guessing. That's my point.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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So look - everyone got long and excited after the NFP print so they're killing upside premium.

Now they're about to get everyone short and then take their money too.
You don’t trade for money, you trade for freedom.
Philip J Fry
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AG
Wow. What a turn around.
Golf1
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This move seems strong enough that it's going to break that trend line that we have had on spy over the last couple weeks
Charismatic Megafauna
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$30,000 Millionaire said:

But you would have been guessing. That's my point.

My guess was that we would get some pullback from an exaggerated move. Is that really a low probability play?
$30,000 Millionaire
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Ok, so we are right back at support. Let's see if this holds yet again. It has been tested lots and lots of times.

Still feels like knife catching.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Yes because the move could have trended.

I don't know a single pro trader that shorted the top of that other than lotto.
You don’t trade for money, you trade for freedom.
Philip J Fry
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LOL. **** this market.
Charismatic Megafauna
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Cool, i appreciate the feedback
sts7049
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WWE halted for news?
Golf1
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Golf1 said:

This move seems strong enough that it's going to break that trend line that we have had on spy over the last couple weeks


Trend line held! Now go hit 385 again so I can get more puts!
59 South
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$30,000 Millionaire said:

Blog rants that I can't post on linked in: something I find especially grating about Amazon managers is that they all act like they're some kind of big fish and are managing some massive business. There is this MF on LinkedIn posts these daily management guru posts. He has people managed for 2 years and he's an L6 (Amazons lowest manager level). That's who works there.
You need to follow this twitter account!

Philip J Fry
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AG
Would definitely like to know how you trade this. My reflexes aren't fast enough for these knives.
Charismatic Megafauna
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If you gotta be parenting before 6am there's something wrong!
$30,000 Millionaire
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One good trade a day.

Peace folks and enjoy your weekend.
You don’t trade for money, you trade for freedom.
CC09LawAg
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Well my little 9% gain today would've been worth a whole lot more...

But I am green for the year! It's the weirdest thing, I always seem to be right on the trades that I thought about but didn't enter...it's almost like my brain is playing tricks on me!
Charismatic Megafauna
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AG
irish pete ag06 said:

irish pete ag06 said:

irish pete ag06 said:

irish pete ag06 said:

irish pete ag06 said:

OXY is getting close...



I jumped into Feb 17 70C here. Will add over the next couple of trading sessions if we continue to hang around 60. If we lose that lower trendline, will cut.

Doubled my position this morning on the dip to 60
OXY Update



Really interested to see how OXY handles the 8 EMA today on the daily. It's only closed above it thrice since November 22.
Would you just look at how they closed OXY today. RIGHT ON THE MF'IN 8 EMA



Come on Warren, you got this.

Steak tonight!?
$30,000 Millionaire
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AG
F yeah bish.

I had a great week
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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I did tell you guys I thought they would F everyone today.
You don’t trade for money, you trade for freedom.
Spoony Love
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You're not wrong.

If they let SPY break 384, it runs to 386.
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