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Lol why do you hate on trading, I remember before you saying something along the lines of "no ones making money" then I posted a screencap of my gains, and you went silent. People can and many people do make a lot of money trading. Do you not trade or something?
I want to go short here but I think their play is to go sideways and burn options.
Yeah we're daytrading. Well at least I am.
Bad day for me, bought some puts at $384, just sold for a 1k loss. Ugh.
After the 1/27 candle I did not expect it to go back to $385 this fast.
Yeah I have been proven wrong. That wasn't the top.
Joke market.
The downside is IV is probably high.
A lot of funds been losing on the meme stocks, they might have to liquidate some positions to raise capital.
I didn't expect this, I'm sitting out for now.
I successfully called the top, I want that on record. Add that to my credibility here. I'm undervalued. I haven't even been trading these past few weeks, I came back specifically because I felt the top was forming.
Hope you had some puts, because that was the top.
Make it rain $$$$
Look at rate of change on the daily chart, upside momentum is waning here and look where we're at. Moving averages are still bullish but I feel like the risk is low here that it explodes even higher short term. I feel comfortable getting short here.
I can tell it's topping out. Bought some April OTM puts, more than I'm normally comfortable with.
Yeah I know there's still plays here and there, but nothing like the golden era.
Nah hasn't the penny stock world been pretty dead for years now? I remember when the SEC started cracking down hard on shell company pumps, suspending them left and right. Then there was a dramatic decrease in OTC plays. Is it even worth it these days to pay attention to the OTC world?
I see. I don't trade penny stocks anymore.
Just bought a small position of puts @ $385.
I wasn't being sensitive, I don't care if I get attacked on here, I was just saying that before you do, consider the merits of my perspective first.
My trade today was based mostly off of intuition. The chart wasn't suggesting to me to go short. What I saw was numerous stocks like GME going parabolic. Tons of meme stocks rallying on no news. I posited that it was just unsustainable on an intraday basis and that there would be a reversal. Which did happen. I did not foresee however, the rally back to the $384 area. That surprised me. I go into tomorrow ready to go short again, the moving averages are showing an uptrend. But right now I'm not relying on what the chart says as much as I usually do.
These V recoveries are crazy, this bloated POS just won't stay down. I'm committed to shorting this bubble.
Puts printing! Lets go!!
It's full on casino now. Prices have no connection to reality. Any trade is gambling until the market corrects to a reasonable valuation.
Went short via SPY puts at $384.00
SPY has completely uncoupled from reality I can't take the stock market seriously anymore it's a total joke. Just a casino now. The way stocks are valued has no connection to reality.
BUBBLE. Going back to $350 next month.
I think a big pullback is coming, even with fed funny money prices are just too high. It's unsustainable.
I really wonder where the market is headed next year because it's way overpriced.
Just bought a ton of VXX shares here at $18.00. Holding into tomorrow.
$262 close.
This house of cards rally into ATH is falling apart now XLF and XLE crashing while they use QQQ to keep the market afloat. Big money has a plan.
Bought puts I think it's going sub $360 today. If I'm totally off, it just reinforces to me how hard it can be to predict movement on this.
Sold these @ $0.18 from $0.12 Nice.
Looks like they might want a $370 close, bought $370C here at $0.12. Small gamble.
Damn, they trolled bears badly with that gap down.