Since SLV was down yesterday, proceeded with another bet on AGQ for today. Metals seem to continue their up one day, down the next pattern.
The majority of success in trading is not the trades you make, but the patience between making them.Number Monkey said:
Since SLV was down yesterday, proceeded with another bet on AGQ for today. Metals seem to continue their up one day, down the next pattern.
literally came here to check for chatter on it. Looks a bit like a H&S though going back a month. But pretty low risk entry here!Heineken-Ashi said:
Short timed trade. Buy POWL. Stop this mornings low. Target between $181 and $190 in 2-3 days
I still prefer keeping the SEC together. Locks up all the of ports from the Carolinas to Texas. Plenty of open land to expand manufacturing capabilities. Plenty of natural resources. And we have a top shelf graphite mining and processing company that the nation could fund sending the price to $90.flashplayer said:
Next it's the Texas Empire's turn at the wheel.
flashplayer said:
BLDE hath thou finally awaketh?
Heineken-Ashi said:
The volume on August VIX calls today far out of the money..
Heineken-Ashi said:
The volume on August VIX calls today far out of the money..
The 51K $16 calls mean expecting a semi typical volatility ramp.flashplayer said:Heineken-Ashi said:
The volume on August VIX calls today far out of the money..
What does that mean with VIX? People expecting a wild roller coaster swing by August?
Could be. But I really don't like to predict catalysts that far ahead. You end up letting it guide your bias in your trading, based on nothing but "potential" future causality. It's best to leave the event predictions to when you have already determined high probability setups in a neutral bias trading regime. At that time, it can be fun to wonder what might be attributed to have "caused" such an event. But even still, it just doesn't matter, as the news will spin anything to fit the narrative. Case in point.. 9/11. Look back at SPX in 2001, without looking at dates, and see if you can spot 9/11 by looking at the chart.bmoochie said:Heineken-Ashi said:
The volume on August VIX calls today far out of the money..
Democratic national convention is in August. I don't think this is a coincidence and I bet it's when they bring in Gavin and give turnip brain the boot. Someone knows and is banking on that volatility or it's a hedge of some sort.
Been buying July 26 23Puts as a hedge. $.38-$.40AgPT06 said:
Beat me to it. Im moving up my stops. Hoping it keeps on moving.
I left the equities markets months ago with most long term positions, not counting metals and miners ETF's and some BTC plays like CLSK, IREN, and CORZ. I've been slowly adding to O&G positions over the last couple of months and have some buy orders I hope will trigger on a few more. Have about 15 currently. All with defined stops. Been playing promising short term setups here and there. Had some big winners, some still active, and a collection of very small losers (stops hit). I have a good amount invested in end of year downside options between XHB, XLF, IWM, PLTR, CAVA, and newly initiated very small put position in NVDA that I will add to if it hits more resistance levels. I'm 50% cash but recently rolled some into TLT. Everything else is in short term fixed income. Have dough ready to initiate shorter term downside setups for things like IWM and DIA once the setups are more promising. Might also do some VXX calls in the future. Right now is mostly wait and see. And I'll be going long BTC at some point. But I'm still not sold it won't come down further first, which is why I'm not currently in on MARA.Agsrback12 said:
What are you doing to prepare? What are some options to prepare? Cash and wait or something else?
flashplayer said:flashplayer said:
BLDE hath thou finally awaketh?
Aye, yes thou hath
This is pretty much the right question. I'd suggest that Heineken compare to the S&P500 returns as a benchmark. I'm fairly certain he already does. If he's in the ballpark of that, then he should continue to pursue his approach (despite reservations expressed by others).EliteZags said:
wasn't meant as a jab just honest question for discussion/perspective of opposing viewpoints
odd day markets solidly up but pretty much all my individual positions (tech heavy) were red outside of PLTR and ETF's