Don't fall for the head fake. Bulls just go out partying every night. Wait for them to wake up about noon and give them a bit to shake off their hangover…and then watch the rip to new ATH in the afternoon. It's like clockwork. Train keeps rolling!

I'm not doing anything early. Just sitting back and watching

I like to use these as data on active movers in premarket.

I then look at where some of the movers are versus support and resistance. Then I form thoughts on when something is making a bullish move vs bearish

Ie: something gets an upgrade from a good bank (JPM, BAC, Citi, MS) I see if it gaps OVER resistance. Then I watch for a retest and decide then if it's gonna retrace or run.

Today I'd watch TWLO early to see if it gets under 53.50 and if it does that's my risk point on a short play. Start short there, and that becomes a potential stop in a scalp.

Opposite thought on ZS above 186.50 (values subj to change until market open)

📈 Gapping up / 📉 Gapping down pic.twitter.com/5x9sd0Vydw

— *Walter Bloomberg (@DeItaone) June 14, 2024

Stopped on FSLY.

Man, so many bullish signals leading to stop outs. Not losing much, but not a good sign IMO. Especially when overall market is making new highs while momentum indicators are making lower lows. Whole market feels like its at a tipping point.

Please make sure you have stops. And remember, I know its frustrating when you get stopped and a stock bounces. But stops that are correctly placed are at areas where a bullish scenario drops in probability. Getting stopped on something that switches from full bull to choppy bull at best means your money can go to work on something more reliable, or it can sit safe.

Bought a couple GME ATM lottos with profits from some weekly PLTR shorts. Let's see what happens.

Nm

Ended up taking the SHOP 67c for today at $.10 and closed half at $.50. Gonna see if we can get some more.

McInnis 03 said:

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Heineken-Ashi said:

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Bought a couple GME ATM lottos with profits from some weekly PLTR shorts. Let's see what happens.

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I like the stock.

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Dude is forcing delivery of a ton of shares. There's a chance this thing could spiral upward. Watching the gamma on calls closely for squeeze potential.

Heineken-Ashi said:

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McInnis 03 said:

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Heineken-Ashi said:

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Bought a couple GME ATM lottos with profits from some weekly PLTR shorts. Let's see what happens.

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I like the stock.

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Dude is forcing delivery of a ton of shares. There's a chance this thing could spiral upward. Watching the gamma on calls closely for squeeze potential.

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I'm reading some educated opinions that he did not exercise, he sold all calls he had and then bought the 4,001,000 shares into the weakness he created with the sale of the options.

In the weekly GME $35C as a lotto

keeeeeeeeep going CAVA, just ride the elevator down. you are doing great.

bmoochie said:

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keeeeeeeeep going CAVA, just ride the elevator down. you are doing great.

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My bet that metals have an up day after being down yesterday hasn't quite played out yet. Come on SLV and AGQ!!

my read on silver is that it does it's move over night with a little bit of tiddlywinks until 11am. After that it's typically pretty boring.

Averaged way down on TNA.

Now at 250 shares @ $35.60, targeting $38 for a [hopefully] quick exit in my brokerage.

Still maintaining original targets in my Roth, of 40.95 and 41.80. Still got plenty of dry powder to buy if it keeps dipping; hard stop will be just below 32. Not too concerned with timeline in this account.

McInnis 03 said:

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my read on silver is that it does it's move over night with a little bit of tiddlywinks until 11am. After that it's typically pretty boring.

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Not sure there's anything to that. Gray is after US market hours.

Brian Earl Spilner said:

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Averaged way down on TNA.

Now at 250 shares @ $35.60, targeting $38 for a [hopefully] quick exit in my brokerage.

Still maintaining original targets in my Roth, of 40.95 and 41.80. Still got plenty of dry powder to buy if it keeps dipping; hard stop will be just below 32. Not too concerned with timeline in this account.

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Sorry bro, I'm still on the other side of this one. It's been a good day for my $35 puts expiring next week.

Exactly. Most days in the black are .20 ranges if anything (post 11am) until the last 10 minutes of hte day if you're lucky. Of course there are exceptions, but it's a slow boat to china.

Nicely done. You gonna hold through the weekend?

Brian Earl Spilner said:

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Nicely done. You gonna hold through the weekend?

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Not sure yet. Probably so, unless it takes another big dip today. It is a general hedge (I thought small caps were a bit overheated) that I've held for a couple months, so I'm not really speculating with it.

After next Friday, I'll hope it rockets up for you.

I will say this will probably be my "last hurrah" of sorts with TNA, in my brokerage account anyway.

I've had a very good year swing trading it, but I've been going more and more conservative in that account as the market keeps climbing. I don't want to get greedy and risk losing those gains. (Probably gonna rotate all that capital into BRK.B, ISCG, and SOXQ as long term holds.)

Gonna limit my swing / leverage trading exclusively to my Roth, both for tax advantage and to minimize exposure, as it's my smallest account by far.

Yeah, I was up like 15% before they announced issuing the convertible notes. Ended up getting out at break-even at $78. Should a could a would a.

McInnis 03 said:

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Ended up taking the SHOP 67c for today at $.10 and closed half at $.50. Gonna see if we can get some more.

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closed the rest when it touched $.50 again. It ended up tapping $.65 a hot min later.

There is a definite time vs value execution I need to behave better on. When you get one of those big spikes in the morning that leaves the price extended from the 5-12 10min EMA, you might as well close most if not all then and move on to the next one (if any). Because basing time eats premium and ends up requiring more muscle to hit again later in the morning/day.

Brian Earl Spilner said:

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I will say this will probably be my "last hurrah" of sorts with TNA, in my brokerage account anyway.

I've had a very good year swing trading it, but I've been going more and more conservative in that account as the market keeps climbing. I don't want to get greedy and risk losing those gains. (Probably gonna rotate all that capital into BRK.B, ISCG, and SOXQ as long term holds.)

Gonna limit my swing / leverage trading exclusively to my Roth, both for tax advantage and to minimize exposure, as it's my smallest account by far.

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Good strategy to use the Roth to speculate.

By the way, SOXL puts are another hedge I currently use. I have too much exposure to semis (due to the massive price appreciation of late), but don't want to sell any, yet.

bmoochie said:

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keeeeeeeeep going CAVA, just ride the elevator down. you are doing great.

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Damn, KOS just keeps coming down. Not going to lower my stop again. Seems like somebody knows something I don't.

Brian Earl Spilner said:

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El Chupacabra said:

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Brian Earl Spilner said:

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El Chupacabra said:

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Brian Earl Spilner said:

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Took a big chunk of TNA, and all my remaining SSO off the table.

Solid 10% profit on SSO, fairly small one on TNA, but it feels like it has to drop back into the 36-37 range again before continuing. Will buy a lot of it back cheaper.

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Back in?

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Bought at $36.

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I bought some...sorry for tanking your account.

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Well if we go down, we go down together.

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Sorry, bro.

If TSLA $176 holds and it takes out $193 next week, you can buy with a free ride to at least $200. If you get really lucky, it could just keep going over the next couple of months and grab $225-$240 range.

Below $176 though and that bullishness takes a back seat to either more chop or even seeing $160 again.

Heineken-Ashi said:

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bmoochie said:

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keeeeeeeeep going CAVA, just ride the elevator down. you are doing great.

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Couldn't even make Model T back up! what a loser!

McInnis 03 said:

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McInnis 03 said:

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Ended up taking the SHOP 67c for today at $.10 and closed half at $.50. Gonna see if we can get some more.

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closed the rest when it touched $.50 again. It ended up tapping $.65 a hot min later.

There is a definite time vs value execution I need to behave better on. When you get one of those big spikes in the morning that leaves the price extended from the 5-12 10min EMA, you might as well close most if not all then and move on to the next one (if any). Because basing time eats premium and ends up requiring more muscle to hit again later in the morning/day.

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This is what I get for voiding the rules. The rule: "Only close a trend trade when price breaks the 5-12 10min EMA cloud".

The result, 67c now at $.9

Number Monkey said:

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Yeah, I was up like 15% before they announced issuing the convertible notes. Ended up getting out at break-even at $78. Should a could a would a.

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I started buying in February...watched it go up to high 80's...now back at same levels I was buying at.

Heineken-Ashi said:

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If TSLA $176 holds and it takes out $193 next week, you can buy with a free ride to at least $200. If you get really lucky, it could just keep going over the next couple of months and grab $225-$240 range.

Below $176 though and that bullishness takes a back seat to either more chop or even seeing $160 again.

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Now watch $TSLA blow out the guided EPS till the end of 2024. People will look at the headline and ramp the stock up. But, how? Not possible? This guy is a random mad cuck. LOL. Here is why:

Tesla's 2023 10K pdf page 87: "As of December 31, 2023, we had $10.31 billion of federal…

— Ganges Post (@theGangesPost) June 14, 2024