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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
08-11-2024, 08:48 PM
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#6601
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By TugOfPeace⏩
I mean let's be real bruv Trump is a fuking clown too. Personally I am a fan of having someone a little less than stable entering foreign politics because I genuinely think Putin and Xi are aware he has a screw lose and would actually do some shyt on a whim. I wish I could see the Russian contingency plans in case of a Trump win.. I am almost certain the decision would be how to make peace and how to maximize land gains in negotiations. Tbh, I figured there was almost a 0% chance Trump beats literally anyone except Biden even though Kamila is a trash candidate too. Did she do legitimately anything during her vice presidency? Do Dem politicians even fukking like her?? Answer is a hard no.big tech collusion, srs. they are trying to change public perception.
I don't think it matters who the president is if we're talking democrats, they just need a face to put out there at this point. whatever agenda they have, it will go through if they win regardless if it's kamala or someone actually intelligent.
but man.. KAMALA of all people lmfao, biden atleast has political experience but this woman is a literal retard who can't put a single coherent thought together
if our clown society wants to elect a clown, then clownworld is what they'll get.
I don't think it matters who the president is if we're talking democrats, they just need a face to put out there at this point. whatever agenda they have, it will go through if they win regardless if it's kamala or someone actually intelligent.
but man.. KAMALA of all people lmfao, biden atleast has political experience but this woman is a literal retard who can't put a single coherent thought together
if our clown society wants to elect a clown, then clownworld is what they'll get.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-12-2024, 05:24 AM
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#6602
Originally Posted By GeneralSerpant⏩
I would want to know the size and details of their secretive government deals, and they need to stop the pocket lining. So for now we got a small buy and hold position and I’ve been selling options on it for income since it’s a range rider.It's a service known to be higher priced and better than any comparable competition. At their earnings report they called it unparalleled.
08-12-2024, 06:04 AM
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#6603
- NestBrah
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- NestBrah
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Originally Posted By Abzu⏩
Isn't Japan a huge outlier because of enormous population decline?Who can hold for 30 years?
Japan has had low growth since 1990.
Japan took ~30 years from market top to market top.
Many people, including myself, speculate that China will go the way of America and America will go the way of Japan.
Opinion: How the U.S. economy could slide into a Japan-like ‘lost decade’
https://www.marketwatch.com/story/wh...ecade-30e9227b
The US Economy Has Already Been ‘turning Japanese’
https://www.aei.org/op-eds/the-us-ec...ning-japanese/
Will The U.S. End Up Like Japan?
https://www.forbes.com/sites/lawrenc...up-like-japan/
Japan has had low growth since 1990.
Japan took ~30 years from market top to market top.
Many people, including myself, speculate that China will go the way of America and America will go the way of Japan.
Opinion: How the U.S. economy could slide into a Japan-like ‘lost decade’
https://www.marketwatch.com/story/wh...ecade-30e9227b
The US Economy Has Already Been ‘turning Japanese’
https://www.aei.org/op-eds/the-us-ec...ning-japanese/
Will The U.S. End Up Like Japan?
https://www.forbes.com/sites/lawrenc...up-like-japan/
Whenever people point out Japan, this is usually the argument given as to why it could never happen in other countries.
08-12-2024, 06:22 AM
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#6604
Originally Posted By NestBrah⏩
It's a low growth story in both countries, America's has low birth rates that are still declining and a declining average life expectancy but just like Japan, there are multiple reasons for slow growth.Isn't Japan a huge outlier because of enormous population decline?
Whenever people point out Japan, this is usually the argument given as to why it could never happen in other countries.
Whenever people point out Japan, this is usually the argument given as to why it could never happen in other countries.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-12-2024, 08:30 AM
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#6605
NVDA is breaking a key level threatening a resumption of the bull trend but I don't believe them lol.
I'm starting to waffle on the prediction that CPI will likely move the market higher lol.
Higher PPI, lower CPI and lower retail sales would be a bad combination lol.
This week can go many ways.
GL everyone <3.
I'm starting to waffle on the prediction that CPI will likely move the market higher lol.
Higher PPI, lower CPI and lower retail sales would be a bad combination lol.
This week can go many ways.
GL everyone <3.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-12-2024, 08:34 AM
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#6606
08-12-2024, 09:19 AM
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#6607
- RobParks2M
- mad hatter
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- RobParks2M
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Trying not to be mad about a 2.5x gain on my payo warrants this morning lol. I really was expecting a 10x gain by next summer though. They announced a buyback at $0.78 today. Hope y’all were buying between 0.2-0.25 like I’ve been preaching the last couple months.
I guess I’ll either just have to buy more shares or perhaps wait till IV calms down and buy long dated calls. This is great for the shareholders and the company as warrants are accounted as liabilities so when warrant values go up so do liabilities on the books.
I guess I’ll either just have to buy more shares or perhaps wait till IV calms down and buy long dated calls. This is great for the shareholders and the company as warrants are accounted as liabilities so when warrant values go up so do liabilities on the books.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-12-2024, 09:23 AM
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#6608
08-12-2024, 09:58 AM
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#6609
Originally Posted By stockbruh⏩
Earnings.Why are the puts so high on ASTS just 20 days out? Puts on BITX are also really high for some reason
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-12-2024, 10:21 AM
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#6610
It seems like some folks in here need some good news so... I lost 100% of my money on the ASTS puts I bought expiring 08/09 lol
So far Stockbruh has been the only poster to go against me itt and come out on top(so far) lol
Congrats man <3
So far Stockbruh has been the only poster to go against me itt and come out on top(so far) lol
Congrats man <3
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-12-2024, 10:25 AM
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#6611
NVDA, BROS and HIMS still haven't fully recovered from what I did to them lol I'm not done
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-12-2024, 12:57 PM
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#6612
- usersignup2
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- usersignup2
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Originally Posted By Abzu⏩
my prediction -if it doesn't make a new ATH, touch $16.60 by EOW/early next weekIt seems like some folks in here need some good news so... I lost 100% of my money on the ASTS puts I bought expiring 08/09 lol
So far Stockbruh has been the only poster to go against me itt and come out on top(so far) lol
Congrats man <3
So far Stockbruh has been the only poster to go against me itt and come out on top(so far) lol
Congrats man <3
gap at $16.64
MACD looks like it could be turning over
20MA at $17.30ish
looking extended on Bolinger
daily volume declining
no price volume until about $12.00
high OI on this week's $16 puts
dip would crush IV for following week
no skin in this so GL to everyone
08-12-2024, 01:48 PM
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#6613
- RobParks2M
- mad hatter
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- RobParks2M
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In for daily WBA 52 week low
I think Abzu was probably right they could easily hit $7 or $8 if literally any more bad news comes out lmao. Once it dips into single digits I bet you could easily make $$ on somewhat deep OTM calls for late 2025 or 2026. I imagine they’ll manage to get their boots group sold. They’ve basically written village MD down to nothing so if they get some value from them in the future they’d be in an ok place. I’m trying to wait on calls until they suspend or substantially reduce the dividend as that will probably be the last straw for many retail holders and knowing they’ll save $800m a year not paying or paying significantly less would be a massive savings going forward.
I think Abzu was probably right they could easily hit $7 or $8 if literally any more bad news comes out lmao. Once it dips into single digits I bet you could easily make $$ on somewhat deep OTM calls for late 2025 or 2026. I imagine they’ll manage to get their boots group sold. They’ve basically written village MD down to nothing so if they get some value from them in the future they’d be in an ok place. I’m trying to wait on calls until they suspend or substantially reduce the dividend as that will probably be the last straw for many retail holders and knowing they’ll save $800m a year not paying or paying significantly less would be a massive savings going forward.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-12-2024, 02:02 PM
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#6614
- TugOfPeace
- 1012 ng/dl
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- TugOfPeace
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I am quite annoyed that ZIM is being pegged down before earnings next Monday. Earnings are bullish as phuck and my $20 calls I've been holding for a month might expire worthless.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-12-2024, 02:49 PM
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#6615
- stockbruh
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- stockbruh
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Originally Posted By Abzu⏩
You bought puts?? I thought you said you were selling them, you even said the price was gonna go to 22$It seems like some folks in here need some good news so... I lost 100% of my money on the ASTS puts I bought expiring 08/09 lol
So far Stockbruh has been the only poster to go against me itt and come out on top(so far) lol
Congrats man <3
So far Stockbruh has been the only poster to go against me itt and come out on top(so far) lol
Congrats man <3
08-12-2024, 03:07 PM
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#6616
Is it me or is daytrading getting more difficult with increasing number of robots, high frequency trading bots, and better day trading education? I’m noticing that more daytraders are starting to switch to longer time frames and even getting away from some popular stocks to avoid trading against the machines and educated public, for example, this morning, if you were daytrading Nvidia starting with that premarket breakout, if you’re using one or two minute Chart, you’re going to be taken out of your position repeatedly, it’s only when you go to the three minute chart is when Macd will keep you in the trade.
I heard some traders already talk about this before, big institutions are developing algorithms that deliberately take advantage of one minute golden cross and death crosses, to continuously get people to jump in and out which earns fees for the broker, but also prevents successful trading runs.
A number of people who used to be that one percent who successfully daytraded in the past are abandoning it all together these days and using a 15 minute chart and going to 6 to 8 week swing trading instead.
I heard some traders already talk about this before, big institutions are developing algorithms that deliberately take advantage of one minute golden cross and death crosses, to continuously get people to jump in and out which earns fees for the broker, but also prevents successful trading runs.
A number of people who used to be that one percent who successfully daytraded in the past are abandoning it all together these days and using a 15 minute chart and going to 6 to 8 week swing trading instead.
08-12-2024, 05:53 PM
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#6617
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By kusok⏩
I don’t know anyone who day trades based on on candles like that… seems far too easy for AI/algorithmic trading to figure out what you are doing and wreck you.Is it me or is daytrading getting more difficult with increasing number of robots, high frequency trading bots, and better day trading education? I’m noticing that more daytraders are starting to switch to longer time frames and even getting away from some popular stocks to avoid trading against the machines and educated public, for example, this morning, if you were daytrading Nvidia starting with that premarket breakout, if you’re using one or two minute Chart, you’re going to be taken out of your position repeatedly, it’s only when you go to the three minute chart is when Macd will keep you in the trade.
I heard some traders already talk about this before, big institutions are developing algorithms that deliberately take advantage of one minute golden cross and death crosses, to continuously get people to jump in and out which earns fees for the broker, but also prevents successful trading runs.
A number of people who used to be that one percent who successfully daytraded in the past are abandoning it all together these days and using a 15 minute chart and going to 6 to 8 week swing trading instead.
I heard some traders already talk about this before, big institutions are developing algorithms that deliberately take advantage of one minute golden cross and death crosses, to continuously get people to jump in and out which earns fees for the broker, but also prevents successful trading runs.
A number of people who used to be that one percent who successfully daytraded in the past are abandoning it all together these days and using a 15 minute chart and going to 6 to 8 week swing trading instead.
Also noticed today the nice upward line this year has been for my trading
. The only big move I messed up was the NYCB puts I had which all expired worthless. What is so frustrating about that is reading their most recent earnings report how they lied about their guidance for the entire rest of the year and going forward. If they would have been truthful about expectations I probably would have printed big on the outs I had but such is life. Probably shouldn’t have bought like 500 very short term puts lmfao. I’m just surprised there weren’t lawsuits stemming from it.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-12-2024, 07:07 PM
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#6618
- usersignup2
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- usersignup2
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Originally Posted By kusok⏩
bots are not new. what's different is we are getting into a phase with more chop. Recently hit ATH in SPY and QQQ and pullback so trades are not as easy when everyone was a genius daytrader - hint: MOST people are ****ty daytraders. If they're moving to longer intraday timeframes then at least they're learning because trading on a 1m or 2m is ludicrous - no human can successfully trade that consistently over the long haul. So recognizing things are different regardless of why, is a step in the right direction because a huge aspect of daytrading is recognizing trends/momentum...and personally I would stay away from golden cross/death cross setups unless there is confirmation - the majority of setups based on singular T&A events have a fail rate greater than 50%.Is it me or is daytrading getting more difficult with increasing number of robots, high frequency trading bots, and better day trading education? I’m noticing that more daytraders are starting to switch to longer time frames and even getting away from some popular stocks to avoid trading against the machines and educated public, for example, this morning, if you were daytrading Nvidia starting with that premarket breakout, if you’re using one or two minute Chart, you’re going to be taken out of your position repeatedly, it’s only when you go to the three minute chart is when Macd will keep you in the trade.
I heard some traders already talk about this before, big institutions are developing algorithms that deliberately take advantage of one minute golden cross and death crosses, to continuously get people to jump in and out which earns fees for the broker, but also prevents successful trading runs.
A number of people who used to be that one percent who successfully daytraded in the past are abandoning it all together these days and using a 15 minute chart and going to 6 to 8 week swing trading instead.
I heard some traders already talk about this before, big institutions are developing algorithms that deliberately take advantage of one minute golden cross and death crosses, to continuously get people to jump in and out which earns fees for the broker, but also prevents successful trading runs.
A number of people who used to be that one percent who successfully daytraded in the past are abandoning it all together these days and using a 15 minute chart and going to 6 to 8 week swing trading instead.
08-12-2024, 09:47 PM
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#6619
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By usersignup2⏩
Trading macro is the GOAT imo. Bonds are pretty straightforward decision making wise using macro. I still like specific companies and industries based on my background and what I follow. I use all of that to decide what I am buying and when... then use TA to determine at what price I am buying if I want a position established within a day or 2. Usually manage to time buys and sells fairly well on whatever day I move. It just turns out the following days make me look like a dumbazz sometimes lmaobots are not new. what's different is we are getting into a phase with more chop. Recently hit ATH in SPY and QQQ and pullback so trades are not as easy when everyone was a genius daytrader - hint: MOST people are ****ty daytraders. If they're moving to longer intraday timeframes then at least they're learning because trading on a 1m or 2m is ludicrous - no human can successfully trade that consistently over the long haul. So recognizing things are different regardless of why, is a step in the right direction because a huge aspect of daytrading is recognizing trends/momentum...and personally I would stay away from golden cross/death cross setups unless there is confirmation - the majority of setups based on singular T&A events have a fail rate greater than 50%.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-12-2024, 10:22 PM
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#6620
Originally Posted By kusok⏩
Day trading is for new traders and geniuses with an insane work ethic, no offense but your post reveals your experience level, I am obv a better trader than you(again no offense) but I don't day trade lol.Is it me or is daytrading getting more difficult with increasing number of robots, high frequency trading bots, and better day trading education? I’m noticing that more daytraders are starting to switch to longer time frames and even getting away from some popular stocks to avoid trading against the machines and educated public, for example, this morning, if you were daytrading Nvidia starting with that premarket breakout, if you’re using one or two minute Chart, you’re going to be taken out of your position repeatedly, it’s only when you go to the three minute chart is when Macd will keep you in the trade.
I heard some traders already talk about this before, big institutions are developing algorithms that deliberately take advantage of one minute golden cross and death crosses, to continuously get people to jump in and out which earns fees for the broker, but also prevents successful trading runs.
A number of people who used to be that one percent who successfully daytraded in the past are abandoning it all together these days and using a 15 minute chart and going to 6 to 8 week swing trading instead.
I heard some traders already talk about this before, big institutions are developing algorithms that deliberately take advantage of one minute golden cross and death crosses, to continuously get people to jump in and out which earns fees for the broker, but also prevents successful trading runs.
A number of people who used to be that one percent who successfully daytraded in the past are abandoning it all together these days and using a 15 minute chart and going to 6 to 8 week swing trading instead.
I think I will lose day trading because I don't think I can maintain that focus that consistently and because I don't want to work that hard or contemplate suicide lol.
Whenever I bring new traders into the fold, they most often want to make money everyday lol I tell them consistency is more important, don't be a thief.
They are very often lazy though, they want quick money, on demand, everyday and they are devastated by short-term losses lol.
I always say, do the work and be patient, if you weren't doing this then you would be making much slower money lol.
Even if you have the skills to day trade, it should not be your only technique lol, you need proficiency in all areas.
Originally Posted By stockbruh⏩
That would have been the better play lol yeah, I thought the price might go to $22 but it didn't have to =[.You bought puts?? I thought you said you were selling them, you even said the price was gonna go to 22$
Originally Posted By RobParks2M⏩
Pretty sure the poster you are quoting would disagree lol.Trading macro is the GOAT imo. Bonds are pretty straightforward decision making wise using macro. I still like specific companies and industries based on my background and what I follow. I use all of that to decide what I am buying and when... then use TA to determine at what price I am buying if I want a position established within a day or 2. Usually manage to time buys and sells fairly well on whatever day I move. It just turns out the following days make me look like a dumbazz sometimes lmao
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-12-2024, 10:29 PM
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#6621
Originally Posted By usersignup2⏩
I don't use macd, I do use the 20MA but it's not super-important, I use bollinger as an accessory, I use volume as an accessory, I use RSI in a comprehensive way and I use TD comprehensively as well among many others indicators like VRVP.my prediction -if it doesn't make a new ATH, touch $16.60 by EOW/early next week
gap at $16.64
MACD looks like it could be turning over
20MA at $17.30ish
looking extended on Bolinger
daily volume declining
no price volume until about $12.00
high OI on this week's $16 puts
dip would crush IV for following week
no skin in this so GL to everyone
gap at $16.64
MACD looks like it could be turning over
20MA at $17.30ish
looking extended on Bolinger
daily volume declining
no price volume until about $12.00
high OI on this week's $16 puts
dip would crush IV for following week
no skin in this so GL to everyone
Agreed about targets if it doesn't make a new top, I was hoping for ~16 last week, ~12 is about the mid target
Appreciate your insight.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-12-2024, 10:38 PM
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#6622
Originally Posted By usersignup2⏩
I wanna say that I 100% agree with that but I don't believe in 100% lolbots are not new. what's different is we are getting into a phase with more chop. Recently hit ATH in SPY and QQQ and pullback so trades are not as easy when everyone was a genius daytrader - hint: MOST people are ****ty daytraders. If they're moving to longer intraday timeframes then at least they're learning becausetrading on a 1m or 2m is ludicrous - no human can successfully trade that consistently over the long haul.So recognizing things are different regardless of why, is a step in the right direction because a huge aspect of daytrading is recognizing trends/momentum...and personally I would stay away from golden cross/death cross setups unless there is confirmation - the majority of setups based on singular T&A events have a fail rate greater than 50%.
If I was day trading I would use structure and momentum.
100% never make a play from one indicator.
I become a day trader most often when I have an option expiring that week then I will use short time frames.
The GC.DC is also a lagging indicator.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-13-2024, 12:29 AM
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#6623
^^^ to clarify, Obviously I, and everyone else who is doing it properly and profitably, daytrade using multiple indicators. Just some that come to mind when considering a trade:
1- general market movement/trend
2- multiple time frame confirmation
3- rsi
4- macd
5- candle pattern
6- level 2
7- increasing volume due to market open or news
8- familiarity with a specific stock
9- capitulation
10- support/resistance
11- bouncing off various ema
12- vwap
13- using a bot/scanner for ideas that you can then confirm or deny with your own opinion before taking a trade
Etc.
so of course we don’t trade off macd alone. I was simply making an observation from what I noticed and I heard several traders mention. In short, increased volatility, often created on purpose by algos, shake people off, similarly to how btc is currently manipulated to shake off leveraged retards over and over, the mechanism is different, but the idea is the same: shake off the retail and any other competition.
1- general market movement/trend
2- multiple time frame confirmation
3- rsi
4- macd
5- candle pattern
6- level 2
7- increasing volume due to market open or news
8- familiarity with a specific stock
9- capitulation
10- support/resistance
11- bouncing off various ema
12- vwap
13- using a bot/scanner for ideas that you can then confirm or deny with your own opinion before taking a trade
Etc.
so of course we don’t trade off macd alone. I was simply making an observation from what I noticed and I heard several traders mention. In short, increased volatility, often created on purpose by algos, shake people off, similarly to how btc is currently manipulated to shake off leveraged retards over and over, the mechanism is different, but the idea is the same: shake off the retail and any other competition.
08-13-2024, 06:48 AM
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#6624
08-13-2024, 06:50 AM
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#6625
Originally Posted By stockbruh⏩
I’ll take a look now, usually I keep an eye on Pltr, but I didn’t look this morning yet, do you mean for long-term, swing trade of a few days or weeks, or for daytrade? Right off to bat I have to say that $40 sounds extremely ambitious, unless you’re talking about longer-term of some sort, at least a few months.Someone take a look at the PLTR chart are we gonna hit 40$ or is it gonna go back down
There is extreme pocket lining going on, executives paying themselves a ton of money, while screwing the investor, this keeps a lot of smart retail out of pltr. And you know how Wall Street is, you can tell them any story you want, such as Tesla or pltr or some other amazing story, they don’t give a ****, they want to see numbers.
Edit:
Took a look, it looks very frothy, after a big run-up and the breakout, personally I wouldn’t be buying here, the local swinging low is at about $27, I would definitely be selling cash secure puts at $27 and stuff like that, but at the current price All the candles are so far above all the EMA’s that you’re just begging for mean reversion, when things fly too high like that, they always come down to reality, classically trained trader would be selling covered calls at the money on half of their position today, And certainly not buying,
but if you’re doing DCA then yeah you can buy one share per day, after all there is a golden cross on the daily, one can always find justification for that by saying something like: your adding to your winners, etc.
I don’t see this as an obvious buy or an obvious sell at this point, anything is possible, but like I said, I don’t see $40 short term, Long-term it’s possible.
Out of NVDA daytrade, that was a nice pump, very typical. Beach time!
08-13-2024, 07:51 AM
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#6626
NVDA is moving lol it's breaking that key level I was talking about yesterday but it's not out of the woods yet.
Originally Posted By Abzu⏩
It crossed 109 today but it needs to cross ~120 by EoW to be in the clearThis is true.
If you are at 100% probability for 3 rate cuts through the end of the year then you can only go one way from here lol.
Generally nothing should be priced at 100% probability as that would imply the future can be predicted with certainty. This is similar to a stock that has ran up in a way where it has been bought by 100% of people and can then directionally move in only one way. It would be like shorting a blue-chip stock that is already 80% down.
I still don't think this is over, you have major stocks that still need to clear key levels to return to bullish, NVDA needs to stay above ~117 then clear ~120 today and you can see that it's a fight on that level right now lol.
Even if NVDA clears 120 it won't be in the clear but it would be a lot closer to turning bullish imo.
AAPL needs to cross even higher levels but they could do that off of a GREAT earnings report.
I have a lot of calls expiring in Septembear and October so I'm with you there lol.
Good luck <3.
I believe in you <3(srs).
If you are at 100% probability for 3 rate cuts through the end of the year then you can only go one way from here lol.
Generally nothing should be priced at 100% probability as that would imply the future can be predicted with certainty. This is similar to a stock that has ran up in a way where it has been bought by 100% of people and can then directionally move in only one way. It would be like shorting a blue-chip stock that is already 80% down.
I still don't think this is over, you have major stocks that still need to clear key levels to return to bullish, NVDA needs to stay above ~117 then clear ~120 today and you can see that it's a fight on that level right now lol.
Even if NVDA clears 120 it won't be in the clear but it would be a lot closer to turning bullish imo.
AAPL needs to cross even higher levels but they could do that off of a GREAT earnings report.
I have a lot of calls expiring in Septembear and October so I'm with you there lol.
Good luck <3.
I believe in you <3(srs).
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-13-2024, 07:59 AM
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#6627
Originally Posted By kusok⏩
Why would you day trade when you can make significant returns with less stress and more certainty?^^^ to clarify, Obviously I, and everyone else who is doing it properly and profitably, daytrade using multiple indicators. Just some that come to mind when considering a trade:
1- general market movement/trend
2- multiple time frame confirmation
3- rsi
4- macd
5- candle pattern
6- level 2
7- increasing volume due to market open or news
8- familiarity with a specific stock
9- capitulation
10- support/resistance
11- bouncing off various ema
12- vwap
13- using a bot/scanner for ideas that you can then confirm or deny with your own opinion before taking a trade
Etc.
so of course we don’t trade off macd alone. I was simply making an observation from what I noticed and I heard several traders mention. In short, increased volatility, often created on purpose by algos, shake people off, similarly to how btc is currently manipulated to shake off leveraged retards over and over, the mechanism is different, but the idea is the same: shake off the retail and any other competition.
1- general market movement/trend
2- multiple time frame confirmation
3- rsi
4- macd
5- candle pattern
6- level 2
7- increasing volume due to market open or news
8- familiarity with a specific stock
9- capitulation
10- support/resistance
11- bouncing off various ema
12- vwap
13- using a bot/scanner for ideas that you can then confirm or deny with your own opinion before taking a trade
Etc.
so of course we don’t trade off macd alone. I was simply making an observation from what I noticed and I heard several traders mention. In short, increased volatility, often created on purpose by algos, shake people off, similarly to how btc is currently manipulated to shake off leveraged retards over and over, the mechanism is different, but the idea is the same: shake off the retail and any other competition.
You don't have to go out far in time to turn a day trade into a swing trade.
I just made 500% from one of my BROS options expiring 8/16.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-13-2024, 08:02 AM
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#6628
Originally Posted By stockbruh⏩
I was planning on buying puts on it between ~$32-35 with a plan to make another buy if it goes to ~$37 and a final buy at ~$45.Someone take a look at the PLTR chart are we gonna hit 40$ or is it gonna go back down
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-13-2024, 08:46 AM
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#6629
- TugOfPeace
- 1012 ng/dl
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- TugOfPeace
- 1012 ng/dl
- Join Date: Oct 2013
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Fuark. Should I sell my ZIM calls? I have 4x $20C for this Friday, cost me $100 each. Stock is just getting pinned.
Thinking to sell at a loss and use the proceeds to buy the same calls two weeks out. Earnings next Monday..
Thinking to sell at a loss and use the proceeds to buy the same calls two weeks out. Earnings next Monday..
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-13-2024, 09:04 AM
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#6630
- stockbruh
- Registered User
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- stockbruh
- Registered User
- Join Date: May 2021
- Age: 56
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- Rep Power: 447
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Originally Posted By Abzu⏩
You really think it can go 35$ +? I wanted to short term trade it made buying 200 shares around 28-30 and then get out anywhere past 35$I was planning on buying puts on it between ~$32-35 with a plan to make another buy if it goes to ~$37 and a final buy at ~$45.
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