Agreed. Sharing out of frustration and caution.$30,000 Millionaire said:
never put yourself in that position. always close.
It was a pretty big lesson and reminder, thankfully not an expensive one.
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Last: 14 min ago by Heineken-Ashi
It was a pretty big lesson and reminder, thankfully not an expensive one.
Dallas Fed business index -23.4 vs. -14.6 estimated.topher06 said:
WTF just happened?
4140 is really the ES level to watch. I won't be shocked if this dip gets bought.
You don’t trade for money, you trade for freedom.
Howdy all!
Precariously close to the MACD signal going bearish. We've already broken the current strong uptrend channel. Big moves are coming, but nothing has been confirmed either direction yet. Note the orange box on the MACD that had multiple crosses bull to bear for a few days. We hit a new low and there was handwringing about SPX 2800 all over the place, but it turned out to be a tricksy bottom.
Now we have the lines touching and even if it crosses, we have big earnings that you'd think would break whatever happens into them. If we get another orange box and hit new highs, I would be highly active in the Put side on an RDR off that. Of course we could just continue down, now that the channel is broken. I tweeted last week that I went ahead and entered all June Puts regardless of how short term plays out. Now that we have some potential downside I'll use any larger selling towards Model T of this broken channel as a trim strategy.
Precariously close to the MACD signal going bearish. We've already broken the current strong uptrend channel. Big moves are coming, but nothing has been confirmed either direction yet. Note the orange box on the MACD that had multiple crosses bull to bear for a few days. We hit a new low and there was handwringing about SPX 2800 all over the place, but it turned out to be a tricksy bottom.
Now we have the lines touching and even if it crosses, we have big earnings that you'd think would break whatever happens into them. If we get another orange box and hit new highs, I would be highly active in the Put side on an RDR off that. Of course we could just continue down, now that the channel is broken. I tweeted last week that I went ahead and entered all June Puts regardless of how short term plays out. Now that we have some potential downside I'll use any larger selling towards Model T of this broken channel as a trim strategy.
$SPX dangerously close to crossing signal. We've broken below the easy trading channel. Still too early to call a reversal to the downside. The repeating set up certainly looks inviting for short/put traders. The orange box back and forth was consistent with a bottom reversal. pic.twitter.com/o0885KfUcH
— Disciplined Trading (@oldarmy1) April 24, 2023
BTW - Someone needs to take FJ skeet range while we wait for direction. He's getting a little irritated and needs to shoot something.
Let’s get this over with.
— FJ43 (@FJ439) April 24, 2023
want over 4150 to consider longs.
You don’t trade for money, you trade for freedom.
I'm waiting for FJ to visit Dallas. I owe the guy many many drinks.
You don’t trade for money, you trade for freedom.
oldarmy1 said:
BTW - Someone needs to take FJ skeet range while we wait for direction. He's getting a little irritated and needs to shoot something.Let’s get this over with.
— FJ43 (@FJ439) April 24, 2023
Send him north to Frisco, have some bourbon with his name on it.
Farmer @ Johnsongrass, TX
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Moo
Y'all have fun today! Make a bunch of money!
Y'all have fun today! Make a bunch of money!
Any news thoughts on where WWR is headed? Looks like no announcement ever came on the supposed deal with a battery company.
I'm not sure, but thought we had a double bottom in December and looked promising afterwards. However, last six weeks has been a clear downturn.
I'm not sure, but thought we had a double bottom in December and looked promising afterwards. However, last six weeks has been a clear downturn.
One drive scalp ( frowned upon I know) trade heading into the office today. Left some on the table but I'm good with it. Entered a little early on it but had the setup to work.
I'll look for some setups tonight if I can and post a few.
I'll look for some setups tonight if I can and post a few.
I've long since given up that the money I have tied up there ever turns a profit, but no real point in selling it either...so I just ignore it nowTxAgLaw03RW said:
Any news thoughts on where WWR is headed? Looks like no announcement ever came on the supposed deal with a battery company.
I'm not sure, but thought we had a double bottom in December and looked promising afterwards. However, last six weeks has been a clear downturn.
SPY approaching model T intraday at 411.83 I think.
I'm looking to downside once it goes there.
I'm looking to downside once it goes there.
Newbie questions I have that some others might benefit from: What, besides tax implications and liquidity, are the pros and cons of trading options in an IRA account? Do the same Pattern Day Trader rules apply? I'm googling and reading, but thought y'all would probably have other ideas beyond the basics.
Same! Too bad we didn't just move all that money tied up in wwr into Atlx
Trade at your own risk but CIDM is probably worth a try here at .39.
Edit: swing trade
Edit: swing trade
Farmer @ Johnsongrass, TX
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Pretty confident you'll see XOM at ~$128 by Memorial Day. Hope you can make some money off that in the Options arena. For the last couple weeks "they" held it down for the whales as long as they could, today was either buy-in or sit on the side. Activist's are frowning. The rest of us are smiling. If you own XOM vote these activist Directors off the Board, Goff, Hietala, and Karsner. They're from Engine No.1. It will be difficult as institutions hold 60% of XOM, but every vote counts.
Anyone have the earnings whisper calendar for this week and next if its out?
Anyone accumulating T down here?
SPY acting like it wants 412.50ish
But I don't trust it.
But I don't trust it.
he needs a good hog hunt!oldarmy1 said:
BTW - Someone needs to take FJ skeet range while we wait for direction. He's getting a little irritated and needs to shoot something.
not me, but wish it was. some day! be a lot cheaper without a chopper too.
agree, nevermind. I see another trend line from Tuesday's top, putting 413 about the top.
TxAgLaw03RW said:
Any news thoughts on where WWR is headed? Looks like no announcement ever came on the supposed deal with a battery company.
I'm not sure, but thought we had a double bottom in December and looked promising afterwards. However, last six weeks has been a clear downturn.
I just can't see them getting funding in this market. If you read other message boards, it would make you think this stock is a complete fraud. GLTA and I'm sure the stock will continue to sell off until the quarterly update in May.
No support at all as it heads back to retest $0.76 into the May 1st earnings call. They better give a facility completion date. and it better be accurate. No more delays.
Green day, red day ... who gives a s%%t? - Happy Gilmore
Charismatic Megafauna
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AG
So are you buying any of those August calls back? Looks like a couple traded at .1 today
Puke or spike? Make take lottos both directions
I'm sitting at $0.01 GTC for both the May and August calls but no fills.Charismatic Megafauna said:
So are you buying any of those August calls back? Looks like a couple traded at .1 today
I almost begged people to sell recent buys under $1 and use the spike to enter covered calls when it spiked.
TLT has been a sideways death trap to options holders since December. Call options out to August have really picked up. The $117 and $120 strikes have most interest. June 16 has multiple strikes with higher volume $110, $111, $115, even $120. I went with some August $115's.
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I'd happily buy mine back for .01!
FJ43 said:
SPY acting like it wants 412.50ish
But I don't trust it.
Didn't take the trade when it was mid 411s but it's reaching for it.
Farmer @ Johnsongrass, TX said:
Moo
Y'all have fun today! Make a bunch of money!
FJ43 said:FJ43 said:
SPY acting like it wants 412.50ish
But I don't trust it.
Didn't take the trade when it was mid 411s but it's reaching for it.
Ping
I'm selling 1/19 P15s for $50/contract. Happy getting assigned or collecting the premium.Danwell Home said:
Anyone accumulating T down here?
Did somebody try to puke it? Hit a 411.90 low or made a mistake. That wick came out of nowhere. Or somebody knows something already and wants out of SPY before the overnight move.
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