The 3-4X swings are what keep us degenerates playing.
Stock Markets
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Last: 15 hrs ago by Heineken-Ashi
Charismatic Megafauna
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AG
I'm picking up a lotto put if we touch 406.5
Edit: they pulled the bid on xsp 406 and 407 puts a few minutes ago
Edit: they pulled the bid on xsp 406 and 407 puts a few minutes ago
This is how I feel holding WWR
I have no position but I'm telling you guys that boil is priced to bearish perfection right now.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
I have no position but I'm telling you guys that boil is priced to bearish perfection right now.
I'm still trying to figure out what you mean when you use the term "bearish perfection." I assume that means it'll drop and the puts get rich, but I'm not sure
Chop chop chop
You don’t trade for money, you trade for freedom.
Literally all the factors are against natgas. When bears do something they overdo it. Only one thing needs to change for natgas to go up again.
You don’t trade for money, you trade for freedom.
Does Powell speak today?
yes, the interest rate decision will be released at 1pm followed by a conference call at 1:30.
If you notice, index premium is through the roof and the market is chopping. I don't see any reason that anyone should be playing today. sure, trade individual stocks small size and what not, but I wouldn't do any intra day index trades until after the fed.
If you notice, index premium is through the roof and the market is chopping. I don't see any reason that anyone should be playing today. sure, trade individual stocks small size and what not, but I wouldn't do any intra day index trades until after the fed.
You don’t trade for money, you trade for freedom.
Sure, but I don't think anyone is actually hoping for anything more than that. Personally I'm looking to get out around $15-16.GreasenUSA said:Need to realize that BOIL doesn't recover. Sure, it might drop to 5 and then rally to 20, but it's going to continue to reach reverse split territory every couple of years.Boy Named Sue said:A falling knife, with no sign of recovery until 2024 I'm afraid. Hope I'm wrongBrian Earl Spilner said:
BOIL -9%
Thanks! I thought so but wasn't sure if it was just rate announcement or if he speaks today or tomorrow. I'll be watching this or live.
I wonder what chance Powell say .50 and done for the year or .50 and probably don't for the year but need to watch the data.
I wonder what chance Powell say .50 and done for the year or .50 and probably don't for the year but need to watch the data.
not sure what positive factor that would be. especially looking at the NG market forecast$30,000 Millionaire said:
Literally all the factors are against natgas. When bears do something they overdo it. Only one thing needs to change for natgas to go up again.
HoustonAg2014 said:
Thanks! I thought so but wasn't sure if it was just rate announcement or if he speaks today or tomorrow. I'll be watching this or live.
I wonder what chance Powell say .50 and done for the year or .50 and probably don't for the year but need to watch the data.
Hoping for .25 but would be interesting if he rips them and side off and next meeting they halt.
The guy mentioned "recovery", which implies a return to a norm. I just wanted to clarify so no one gets their hopes up. BOIL has had a handful of 3x-5x periods over the last few years, which will be wonderful for you guys when it happens, but it doesn't "recover".Brian Earl Spilner said:Sure, but I don't think anyone is actually hoping for anything more than that. Personally I'm looking to get out around $15-16.GreasenUSA said:Need to realize that BOIL doesn't recover. Sure, it might drop to 5 and then rally to 20, but it's going to continue to reach reverse split territory every couple of years.Boy Named Sue said:A falling knife, with no sign of recovery until 2024 I'm afraid. Hope I'm wrongBrian Earl Spilner said:
BOIL -9%
He then responded he was talking about NG, which makes perfect sense.
Ya'll speculating on Powell need to pay more attention to 96.Bonfire1996 said:
Burry Stop loss on VLO at 136.50 and PLTR at 7.50
FED is not happy with the 2 year trading lower that it's discount rate the entire time since last meeting. Treasury markets are hurting their progress towards their goals of crushing employment and crashing the housing market.
When he talks rates and the Fed, I listen.
Let's talk trading platforms with mobile features. Y'all like Tradingview, obviously. My money is with Schwab right now, and a big chunk has to stay there until some holdings qualify for LTCG (in about 6 weeks). But I may move to another platform at that point. Anyone suggest looking at other options besides Tradingview?
5 min 8/21 flip on SPY. Today is a chop day so I fully expect it to flip back in a few candles.
I'll look to enter short on a 21 EMA re-touch... 1/3 size of a normal position.
I'll look to enter short on a 21 EMA re-touch... 1/3 size of a normal position.
You're actually proving my point. You are maximally pessimistic.
You don’t trade for money, you trade for freedom.
Trading view is just for charts. I think they have a couple of brokers that work with them but I use TD Ameritrade/Think or swim. 90% of my trading is from my phone and Think or swim has always been easy to do for me.
It doesn't appear to be coming back anytime soon, so don't chase.irish pete ag06 said:
5 min 8/21 flip on SPY. Today is a chop day so I fully expect it to flip back in a few candles.
I'll look to enter short on a 21 EMA re-touch... 1/3 size of a normal position.
i regret not holding BA longer. oh well.
You don’t trade for money, you trade for freedom.
I have an all day meeting to loosely pay attention to, otherwise I would be stealing paper from hoes right now.
You don’t trade for money, you trade for freedom.
Yeah, you hit the nail square on the head. The treasury markets are like the kid that continually smarts off to his parents. Let's see if Powell whips the kid's behind today.Quote:
FED is not happy with the 2 year trading lower that it's discount rate the entire time since last meeting. Treasury markets are hurting their progress towards their goals of crushing employment and crashing the housing market.
2 year trading at 4.199% while FED target rate is going to 4.75% or more today is a Johnny Cash Middle Finger from the market to the FED. What is the oldest adage in treasury markets? "Don't fight the FED." And the Treasury markets do it again, and again, and again, and again.
what strategy are you using?$30,000 Millionaire said:
I have an all day meeting to loosely pay attention to, otherwise I would be stealing paper from hoes right now.
I assume you are trading a large account with margin - which opens you up to more trading strategies than small amounts cash settled.
Example: a small account without margin isn't selling put credit spreads
Stupid fidelity won't let me purchase BOIL
Log in on a desktop. You have to sign an acknowledgment and be done.
I'm currently in Schwab (which just added a dark mode on Android, thank god), but use Tradingview to follow charts.Boy Named Sue said:
Let's talk trading platforms with mobile features. Y'all like Tradingview, obviously. My money is with Schwab right now, and a big chunk has to stay there until some holdings qualify for LTCG (in about 6 weeks). But I may move to another platform at that point. Anyone suggest looking at other options besides Tradingview?
That might be a good thing. It would be better to invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...TheVarian said:
Stupid fidelity won't let me purchase BOIL
But I wanna gamble with you big kids
I was making a joke about playing GTA.
I have made zero trades today and won't until after FOMC. it's inherently low probability to try to swing the bat before J Pow.
I have made zero trades today and won't until after FOMC. it's inherently low probability to try to swing the bat before J Pow.
You don’t trade for money, you trade for freedom.
Can you give a quick example of "stealing paper"
Colt98 said:
Can you give a quick example of "stealing paper"
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:Colt98 said:
Can you give a quick example of "stealing paper"
That's actually his dress code at work.
After they get out of the car, you run them over and get your money backColt98 said:
Can you give a quick example of "stealing paper"
Take out the papers and the trash, or you don't get no spendin' cash
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