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irish pete ag06
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In reply to $30,000 Millionaire • 8:09p, 1/11/23
AG
Oh yeah man. I typed FOMO in my OP. Haha.

There was a large gamma wall at 130. When the 5 minute bar closed above I entered a starter. When it restested and appeared to bounce off 125 I bought way more. Then it wicked hard to close that tweezer candle and closed below 125.

I should have exited it there for a probably 15% loss but I let FOMO continue to guide me.

The trade setup wasn't perfect but the real killer was the lack of discipline to hit eject at my own line in the sand.

Couple that with a 4x position size and you've got a decently educated, yet still extremely novice trader making a huge mistake.
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bmoochie
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In reply to FJ43 • 8:09p, 1/11/23
AG
Love this type of gun. That's the one I have.
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FishrCoAg
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In reply to Philip J Fry • 8:10p, 1/11/23
AG
Philip J Fry said:
How do you trade this chart?


Straddle (depending on how juiced the premiums are)?
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SF2004
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In reply to Charismatic Megafauna • 8:11p, 1/11/23
AG
Charismatic Megafauna said:
I know more about statistics than i do finance and trading, so i see the same thing in that chart that I've been seeing for a while (and losing money): 2 points don't make a trend. The greater trend is still down, and tomorrow is going to give us a great short entry. However i suck at this game so the recession is probably over

You just described me. The statistic say that we should revert back to the mean and the greater trend is still down.

But how do you know when to go long?

If we break the trend when do you enter?

Hence why most of my trading account is sitting on the sidelines right now.
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Charismatic Megafauna
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In reply to bmoochie • 8:11p, 1/11/23
AG
Do you guys use the same brand of hair products too?
:p
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bmoochie
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In reply to Charismatic Megafauna • 8:16p, 1/11/23
AG
Charismatic Megafauna said:
Do you guys use the same brand of hair products too?
:p


Only on the top
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Charismatic Megafauna
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In reply to SF2004 • 8:17p, 1/11/23
AG
I'm just over here catching falling (flying) knives with teeny tiny position size. Tomorrow at the 396.4 touch I'll join fj in feb monthly puts instead of dailies or weeklies like I've been doing. When the trend flips i get paralysis because i don't believe it. Need to do some reading and see if i can fix that about me
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lobwedgephil
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In reply to SF2004 • 8:20p, 1/11/23
SF2004 said:
China comes in hot at 1.8%.

We buy most of our **** from them but some how ours is projected to come in cooler.

Much less you can look around and see that prices are still rising.

I smell some one burning the books whilst cooking them.
China CPI came inline, China PPI soft.

Biden speaking on inflation at 10:00am market time, wonder why.
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Ragoo
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In reply to lobwedgephil • 8:35p, 1/11/23
AG
lobwedgephil said:
SF2004 said:
China comes in hot at 1.8%.

We buy most of our **** from them but some how ours is projected to come in cooler.

Much less you can look around and see that prices are still rising.

I smell some one burning the books whilst cooking them.
China CPI came inline, China PPI soft.

Biden speaking on inflation at 10:00am market time, wonder why.
he wants to claim a big ole win
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jimmo
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8:58p, 1/11/23
"ICT" was mentioned yesterday. I had never heard of it.
so, I peeked down the rabbit hole.
Oh my... looks deep and wide.
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ProgN
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In reply to SF2004 • 9:17p, 1/11/23
SF2004 said:
China comes in hot at 1.8%.

We buy most of our **** from them but some how ours is projected to come in cooler.

Much less you can look around and see that prices are still rising.

I smell some one burning the books whilst cooking them.


Nah
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lobwedgephil
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In reply to jimmo • 9:32p, 1/11/23
jimmo said:
"ICT" was mentioned yesterday. I had never heard of it.
so, I peeked down the rabbit hole.
Oh my... looks deep and wide.
Worth taking a look if you trade futures, otherwise probably not.
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jimmo
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In reply to lobwedgephil • 9:46p, 1/11/23
thanks
I listened on twitter to the ICT guy talk last night.
he shares it all free apparently. amazingly confident in his system.
ok .. maybe a little cocky.
finally had to go to bed.. he was still going on..
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irish pete ag06
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In reply to jimmo • 10:16p, 1/11/23
AG
I downloaded all his stuff he shares. I haven't looked at it yet.
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ibdm98
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In reply to FJ43 • 10:26p, 1/11/23
AG
FJ43 said:
ibdm98 said:
FJ43 said:
Don't get trapped today.

Heading for Deep South Texas to do my part of proper game management.

Don't forget your hat.


This one?




I have that same hat! I would have been really impressed if you were hunting with your 10 gallon.
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irish pete ag06
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10:38p, 1/11/23
AG
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Red Pear Luke (BCS)
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In reply to lobwedgephil • 7:15a, 1/12/23
Sponsor
AG
lobwedgephil said:
SF2004 said:
China comes in hot at 1.8%.

We buy most of our **** from them but some how ours is projected to come in cooler.

Much less you can look around and see that prices are still rising.

I smell some one burning the books whilst cooking them.
China CPI came inline, China PPI soft.

Biden speaking on inflation at 10:00am market time, wonder why.


Trying to take credit of all the lower inflation


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Bob Knights Paper Hands
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7:17a, 1/12/23
So are we all bullish now? Do we think the inverted H&S and W patterns on daily SPX confirm and we move towards a test of 4400? Or is this just another bear market rally and people stop caring about inflation and start caring more about recession?
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$30,000 Millionaire
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7:21a, 1/12/23
AG
We'll find out shortly.
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$30,000 Millionaire
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In reply to Red Pear Luke (BCS) • 7:23a, 1/12/23
AG
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.
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ProgN
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In reply to Bob Knights Paper Hands • 7:24a, 1/12/23
Wtf have you been hiding out?
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Philip J Fry
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In reply to $30,000 Millionaire • 7:27a, 1/12/23
AG
Sorry, have to disagree. Biden's energy policy made a bad situation worse.
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HoustonAg2014
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In reply to $30,000 Millionaire • 7:28a, 1/12/23
AG
$30,000 Millionaire said:
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.


Don't necessarily disagree, however, would you say that gas prices would be lower if the Donald was in office? Not trying to have a political debate just an honest conversation.
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gig em 02
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In reply to $30,000 Millionaire • 7:30a, 1/12/23
$30,000 Millionaire said:
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.
So the $1.9T Inflation Reduction Act, hostile environment towards oil and gas, and Russia attacking Ukraine (which wouldn't have happened if Donald was president) didn't make the problem much much worse?
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sts7049
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7:31a, 1/12/23
AG
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SF2004
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In reply to $30,000 Millionaire • 7:33a, 1/12/23
AG
$30,000 Millionaire said:
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.


You have got to be kidding me.

Democrats pushed lock downs.
DT signed the first checks passed by dem house.
Dems take over and send people more money to stay home.
Then spent more to "fight" inflation.
Strangled energy
Just spend 1.7T more.

Leftist governments around the world did this.
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Bob Knights Paper Hands
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In reply to ProgN • 7:35a, 1/12/23
ProgN said:
Wtf have you been hiding out?

Under a rock. Limited trading time these days, basically only a few SPX trades per week the past month. Hopefully I'll have more time next month.
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59 South
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In reply to $30,000 Millionaire • 7:35a, 1/12/23
AG
$30,000 Millionaire said:
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.
Me watching the comments roll in on this one knowing how many standard deviations to the right on the political spectrum the average thread follower falls...

If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
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$30,000 Millionaire
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In reply to SF2004 • 7:40a, 1/12/23
AG
SF2004 said:
$30,000 Millionaire said:
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.


You have got to be kidding me.

Democrats pushed lock downs.
DT signed the first checks passed by dem house.
Dems take over and send people more money to stay home.
Then spent more to "fight" inflation.
Strangled energy
Just spend 1.7T more.

Leftist governments around the world did this.


Your last sentence is the key phrase. Global problem. If there is anyone in the US to blame, it's the Fed.
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Brewmaster
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In reply to gig em 02 • 7:40a, 1/12/23
AG
gig em 02 said:
$30,000 Millionaire said:
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.
So the $1.9T Inflation Reduction Act, hostile environment towards oil and gas, and Russia attacking Ukraine (which wouldn't have happened if Donald was president) didn't make the problem much much worse?
Exactly, and as my dad said growing up, "is a pig's butt pork?!" I don't blame Biden, but only b/c he doesn't know what day it is. But his party certainly is responsible. and who was in control the last time inflation was near this high? Carter era.

back to Trading... first move is usually the fake out. I still sold all my UPRO this morning though. Maybe they pump it to 4k before a sell off, maybe we don't.
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gig em 02
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In reply to $30,000 Millionaire • 7:47a, 1/12/23
$30,000 Millionaire said:
SF2004 said:
$30,000 Millionaire said:
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.


You have got to be kidding me.

Democrats pushed lock downs.
DT signed the first checks passed by dem house.
Dems take over and send people more money to stay home.
Then spent more to "fight" inflation.
Strangled energy
Just spend 1.7T more.

Leftist governments around the world did this.


Your last sentence is the key phrase. Global problem. If there is anyone in the US to blame, it's the Fed.
Your last sentence is the key phrase "It would have been exactly the same if the Donald got re elected." You know that's not true.
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Bocephus
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In reply to gig em 02 • 7:50a, 1/12/23
AG
gig em 02 said:
$30,000 Millionaire said:
SF2004 said:
$30,000 Millionaire said:
Anyone on this thread that really knows the markets knows that Biden isn't to blame for the inflation we are experiencing. It would have been exactly the same if the Donald got re elected.


You have got to be kidding me.

Democrats pushed lock downs.
DT signed the first checks passed by dem house.
Dems take over and send people more money to stay home.
Then spent more to "fight" inflation.
Strangled energy
Just spend 1.7T more.

Leftist governments around the world did this.


Your last sentence is the key phrase. Global problem. If there is anyone in the US to blame, it's the Fed.
Your last sentence is the key phrase "It would have been exactly the same if the Donald got re elected." You know that's not true.


The Donald wouldn't have totally F'd energy causing gas prices to triple and the cost of everything to go up. The Donald wouldn't have kept the country shut down.
TAMU ‘98 Ole Miss ‘21
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$30,000 Millionaire
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In reply to gig em 02 • 7:52a, 1/12/23
AG
This is the last I'm going to say about it today.


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Heineken-Ashi
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8:21a, 1/12/23
Can you claim last word when you started it?
"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)
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Red Pear Luke (BCS)
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In reply to 59 South • 8:25a, 1/12/23
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AG
I was just trying to make a funny!

Edit: if Inflation was higher still, you'd see Biden out there projecting the blame. But they (dems) are absolutely going to take the credit of it going lower.
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